Plan F is bursting with coverage, making most of the other supplemental plans Medicare has to offer look bad in comparisons. What Medicare Supplement Plan F for 2017 has over its counterparts in coverage, it loses in the price tag. This is always going to be the most expensive supplement plan available.
If you want the kind of coverage that Plan F is providing, then you ought to expect to pay a lot for it. Many times when you compare it to slightly lower-coverage plans though, the price difference seems drastic. It often doesn’t account for the slight difference in coverage. Plan G, for example, covers all the same items of supplemental expenses that Plan F does, except for a single deductible. But the difference in rates between the two can be considerable.
Part of the reason behind the often large price difference is because Plan F can be slapped with a “full coverage” label, and saying that Plan G is “almost full coverage” isn’t as appealing. Plan F is more marketable, which makes it often far more expensive. But don’t be fooled into thinking that you need a full-coverage plan, especially if your medical needs are minor. Plan f is intended for those people who have serious medical problems or who have to go to the hospital on a regular basis. If that sounds like you, maybe that plan is for you, but maybe you could also save some money by using Plan G or N instead. These offer similar coverage at what is often a fraction of the price.
Medicare Supplement Plan F for 2017 is a robust plan, make no mistake about that. It covers its subscribers for hospice care, deductibles, copayments, foreign emergency care, nursing care and excess charges. It does all that, but that may be too much for the price tag at times.
If you feel like Plan F is too costly, then you should look at other options. It may cost less to go with a lower-coverage plan and pay the cost of the uncovered items on your own. After all, that Medicare Part B deductible that Plan G does not cover is not very large. Many Medicare subscribers save money by choosing a lower coverage plan than Plan F, even though their medical needs may be extensive.
It is important to look at all the plans and see if you can manage to save some money by choosing a low-coverage plan. Just be sure you have enough coverage to handle some unexpected medical expenses when they occur. You don’t want to be left broke simply because you decided to go cheap on a coverage plan.
Medicare Supplement Plan F for 2017 offers a lot of coverage, but not everyone needs all that coverage. Look at the plan and what it offers and compare it to what you actually need. And don’t forget to compare rates on the plan to ensure you aren’t paying too much for it. You may be able to find Plan F for a good price, if you are willing to source quotes and compare them.