High Deductible Plan F is one of the standardized plans that was created to compliment Medicare Part A & Part B.
HD Plan F has the same coverage as the traditional Plan F. The difference between the two plans is the deductible.
You’ll notice Plan F high deductible is also referred to as Part F high deductible.
There’s no difference between Plan F and Part F, the correct terminology is Plan F but we’ll use both terms throughout this page.
To help educate you on the facts, we’ll discuss a few main points below.
- The difference between traditional Plan F and High Deducible Plan F
- What benefits are included
- How you can apply
It’s also important to be aware that Medicare Supplement plans and Medigap plans are the exact same thing.
High Deductible Plan F
Both traditional Medicare Supplement Plan F and Plan F High Deductible include the same coverage.
You’ll get full coverage of all out-of-pocket costs including deductibles, coinsurance & co-payments. As well as any excess charges that Original Medicare didn’t cover.
You can learn more regarding how common Medicare excess charges are here.
With the High Deductible Plan F, you’re responsible for any medical expenses up to your designated deductible amount.
The deductible amount for 2018 is $2,240. Due to the deducible, the premium is significantly lower then it’s sister Plan F.
The premium is different for each carrier and for each beneficiary based on many different variables:
- Current health status
- Which carrier you purchase your plan with
Your benefits won’t kick in until all out-of-pocket expenses have reached their max.
Plan F High Deductible Benefits
The benefits listed are covered by both Traditional Plan F & High Deductible Plan F:
- Skilled Nursing Facility
- Medicare Coverage for Overseas Travel
- First 3 Pints of Blood
- Coinsurance & Hospital Costs of Medicare Part A
- Hospice Care Co-payments and Coinsurance of Medicare Part A
- Deductible for Medicare Part A
- Coinsurance & Co-payments of Medicare Part B
- Deductible for Medicare Part B
- Any Excess Charges of Medicare Part B
Both plans will cover any costs for skilled nursing facility care past day 20 and up to day 100.
If you become hospitalized for more then 60 days Original Medicare would start applying a co-payment for each additional day.
Both F Plans will cover any co-payment costs incurred starting with day 61 up to day 150.
These supplement plans would also cover the 20% OM doesn’t pay for any ambulance costs, durable medical equipment, out-patient surgery or urgent care.
There may be other plans with lower premiums available to you. If you’re faced with high out-of-pocket costs, need above average healthcare services or see your doctor frequently, then Plan F will give you the most financial help with Medicare costs.
You can view all plan options by clicking here.
When to Apply for High Deductible Plan F
There’s a 6 month time frame that begins when you’re enrolled in Medicare Part B & are 65 or older. This time frame is called Medicare Enrollment Period.
During this time, carriers can’t turn down your application for coverage due to health issues or any pre-existing conditions. Here you can learn more about Medicare Supplement guaranteed issue guidelines.
Once you’ve passed this 6 month time frame, the carriers are allowed to deny you coverage because of your current health conditions as well as charge you a higher rates.
Medicare Supplement High Deductible Plan F Online Rate Comparison Form
Our FAQ pages answer many common questions. You can also check out our blog for recent Medicare headlines or view our video gallery and watch our agents recorded live in action answering your questions.
Depending on your personal preference there are a few ways you can apply for Medicare Plan F High Deductible. If you prefer speaking to a licensed agent you can call the number above to talk to a representative now or fill out our contact form.
Or you can start the application process by filling out our compare rates form to see a side-by-side comparison of the costs in your area.