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High Deductible Plan F


High Deductible Plan F is an alternative version of the standard Plan F. The difference is the beneficiary agrees to pay the deductible before full coverage kicks in. Once you reach the deductible, the plan covers the left-over costs going forward, keeping the monthly premium low.

Medicare Supplement High Deductible Plan F

Standard Plan F is the Medigap plan offering the most comprehensive benefits. Yet, with more coverage comes higher monthly premiums. Thus, this plan, with its lower monthly premiums, could be a good choice for cost-conscious beneficiaries who find standard Plan F’s benefits attractive.

This Plan is Perfect For Those Who:

  • Need a lower monthly premium
  • Are comfortable with paying a higher deductible before receiving full coverage
  • See the doctor or visit the hospital semi-frequently
  • Live in states that allow excess charges
  • Like to travel outside the United States

What is the Deductible for High Deductible Plan F in 2021?

In 2021, the deductible is $2,370. Therefore, you would have to pay $2,370 out-of-pocket on this plan. Once you reach this deductible, the plan will cover 100% of the costs.

When Can I Enroll in High Deductible Plan F?

You can enroll in a Medicare Supplement plan at any time during the year. Yet, the best time to enroll is during the Medigap Open Enrollment Period. Outside of this window, you will need to answer underwriting questions if you don’t have guaranteed issue rights. Without guaranteed issue rights, denial of your application is possible.

High Deductible Plan F Medicare Supplement Plan Chart 2021

High Deductible Plan F Medicare Supplement Plan Chart

How Much Does High Deductible Plan F Cost?

The average cost of High Deductible Plan F is around $40-$80 per month. There are many factors that determine your premium rates, including your location.

Why is High Deductible Plan F Going Away?

Recently, all first-dollar coverage plans were discontinued. The discontinuation also includes Plan C and standard Plan F. However, this change does not impact beneficiaries who already have one of these plans. Those on the plans are grandfathered in and their benefits will remain the same.

Is there an Alternative to High Deductible Plan F?

If you’re not eligible, the new High Deductible Plan G works in the same way. If you’re eligible for Plan F and are looking for more extensive coverage, Innovative Plan F might be available in your state.

Does High Deductible Plan F Make Sense?

The deductible for high-deductible Plan F can seem a bit steep, so you might wonder why anyone would choose it.  As a lower monthly premium option, this plan can help you save money when you’re aren’t using your health benefits often. After you spend a bit out-of-pocket, it can provide you with great coverage.

This plan appeals to people who had employer coverage with a higher deductible and a lower premium. Medigap plans like this one are a similar concept.

FAQs

What companies offer High Deductible Plan F
Each carrier offers different plans in different states. Regardless of the company you choose, the benefits and deductible amount will remain the same. The difference between carriers is the premium.
Who can enroll in High Deductible Plan F?
If you were eligible for Medicare before 2020, you’re eligible for first-dollar coverage plans, which include High Deductible Plan F.

How to Sign Up for Medicare High Deductible Plan F

We understand that choosing a Medigap plan can be complicated. That's why our licensed Medicare agents are here to help at no cost to you. When you call the number above, you'll get a free, no-obligation Medicare consultation. For a comparison of premium rates in your area, fill out our online rates form.

When you sign up with us, we do more than just make sure you understand your coverage. We're here to help throughout the life of your policy. For example, if you have any trouble submitting a claim, we'll assist you. We've been a partner to many on their Medicare journey; let us do the same for you.

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Lindsay Engle

Lindsay Engle is the Medicare expert for MedicareFAQ. She has been working in the Medicare industry since 2017. She is featured in many publications as well as writes regularly for other expert columns regarding Medicare. You can also find her over on our Medicare Channel on YouTube as well as contributing to our Medicare Community on Facebook.

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