Comparison of the Medicare advantageal plan (Medigap) with the deductible plan

As you may know, with Original Medicare, you will have hospital costs and medical expenses (such as co payments, co insurance, and deductibles). To fill in these uncovered areas you may consider buying any of the 10 standardized Medicare Advantage options available in 47 states, with the exception of Minnesota, Massachusetts, and Wisconsin who have their own policies.

The Plan F of Medicare Advantages (also called Plan F of Medigap) is a popular option because it generally offers the most benefits. A highly deductible version of Plan F may be offered by some insurance companies.

As the name implies, Medicare advantageal insurance, such as Plan F, advantages your original Medicare insurance by paying part of your expenses. It was not designed to be substitute coverage.

The full coverage of Plan F can be beneficial if you have frequent and unpredictable medical expenses. This is a summary of the disparity between Medicare Advantageal plan F and highly deductible Plan F, including costs and covered benefits.

  • What is the Medicare F Advantageal Plan (Medigap Plan F)?

Medicare advantageal plans are offered by private insurance firms. Medicare Advantageal Plan F, like other options in the Medigap Plan, identified by letters, has standardized benefits available in many places. The standardization implies that you will obtain the same insurance for an F Plan no matter where you go shopping (except in Massachusetts, Minnesota and Wisconsin).

There are some insurance companies that may offer extra innovative benefits.

In some states, you can also choose a deductible F plan offered by selected insurance companies. The high deductible plan F provides the same advantages as the standardized policy. The only disparity is that you have to pay all the expenses for Medicare related services until you reach the deductible amount

  • What advantages does Medigap Plan F offer?

These are the many benefits offered by the Medicare Advantageal Plan F and the High deductible Plan F:

  • The first 3 pints of blood.
  • 100% of Medicare Part A co insurance and hospital costs (up to 365 days after Medicare benefits use)
  • 100% co insurance or co payment for Medicare Part B.
  • 100% hospice care or Medicare Part A co payment
  • Skilled nursing facility gets100% of co insurance
  • 100% deductible for Part B of Medicare
  • 100% of the Medicare Part A deductible
  • 100% of the excess charge of Part B of Medicare
  • 80% of travel emergencies abroad (up to the limits of the plan)

Keep in mind that you cannot use your Medigap plan to pay the costs associated with your 2019 Medicare Advantage plan. In most cases, you will not be able to sign up for a Medigap plan or a Medicare Advantage plan. Medigap plans also do not include coverage for prescription drugs. Therefore, you must sign up for a prescription drug plan of Medicare if you have Original Medicare and want prescription drug coverage.

  • How much does the Medicare F advantageal plan cost?
  • Since Plan F provides the bradst insurance of the 10 Medigap policies, this is usually the most expensive plan. However, this may not always be the case.