Should I Keep Plan F?
Who can keep Plan F?
Only Medicare beneficiaries who had Medigap Plan F on or before January 1, 2020, can keep it. However, if you did not have Plan F on or before January 1, 2020, it is not available to you..
Please consider shopping for a more affordable Medigap plan, such as Plan G. When you purchase Medigap Plan G during your initial open enrollment, you do not have to qualify medically. However, if you switch Medigap Plans, you will need to pass medical underwriting.
How does Plan F compare to Plan G
The Medicare Supplement Plan G is almost the same as Plan F. The only difference is that Medicare Supplement Plan G doesn’t pay Medicare’s Part B annual deductible of $203 in 2021. After you meet this deductible, you have no medical bills, and everything is covered the same as Plan F
Why Choose Plan G over Plan F?
There are three main reasons Medigap Plan G may be a better choice than Plan F.
- Simple Math: Medicare Supplement Plan F can costs $600 more per year in premiums than Plan G. So why pay a $600 monthly premium for Plan F when the Part B deductible is only 203? Won’t you rather save $400 per year?
- Rate Stability: No one that turns 65 after 01/01/2020 will be able to purchase the Medicare Supplement Plan F. This will likely cause the Medicare Supplement Plan F premiums to increase quickly.
- Your total annual cost for Plan G costs less than Plan F.
Should I Buy Plan G?
You may be considering Plan G over Plan F. Get a side-by-side comparison of Plan F versus Plan G to help you decide which Medicare Plan is best for you. Find out how Medicare Plan G can save you by calling Senior Healthcare Direct at 1-855-368-4717 or get your quote.