Medicare Supplement Plan F Richmond VA

Medicare Supplement Plan F Richmond VA

Medicare Supplement Plan F from your local expert, Richmond Virginia Medicare Insurance broker Steven Hughes. With a Medicare Supplement Plan F policy, you get the most complete coverage available in Virginia, because the plan covers costs in excess of Medicare-approved amounts, you may have no out-of-pocket costs for hospital and doctor’s office care with this policy.

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What Medicare Supplement Plan F Covers

Basic Medicare benefits including

  • Hospitalization: pays Part A coinsurance plus coverage for 365 additional days after Medicare benefits end
  • Medical Expenses: pays Part B coinsurance – generally 20% of Medicare-approved expenses – or copayments for hospital outpatient services
  • Blood: pays for the first three pints of blood each year
  • Hospice care: pays Part A coinsurance

In addition to the basic benefits, Plan F also provides coverage for:

  • Skilled nursing facility care
  • Medicare Part A deductible for hospitalization
  • Medicare Part B deductible for medical and hospital outpatient expenses
  • Medicare Part B excess charges (this is the difference between what a doctor or provider charges and the amount Medicare will pay up to Medicare’s limiting amount)
  • Travel-abroad medical emergency help

Plan F is Most Popular Supplement Plan

According to a 2014 report by American Health Insurance Professionals, about 56% of all Medigap policies in force were a Medicare Supplement Plan F policy.

Never Pay a Doctor Copay

The reason Medicare Plan F is so popular is that it will pay for all of the gaps in Original Medicare Part A and Part B, including both your hospital and outpatient deductibles. Plan F even pays the 20% that Part B does not cover. This means you pay zero out-of-pocket at your doctor’s office. It’s easy to see why a lot of people think Plan F is the best. *Plan F also has a high-deductible option. If you choose the high-deductible option on Medicare Supplement Plan F, you have to pay a deductible of $2,240 for 2018 before the plan pays anything. This amount can go up each year. High-deductible policies have lower premiums, but if you become sick, you’ll have higher out-of-pocket costs. This plan isn’t available if you turned 65 on or after January 1, 2020, and to some people under age 65.

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