Medicare Supplement Plan F: Still Good In 2024?

Medicare Plan F: Your Comprehensive Guide

Medicare Plan F is the most extensive Medicare supplement plan available. However, it is no longer offered to new enrollees. Only those eligible for Medicare before January 1, 2020, can enroll in Plan F. If you fall into this category and are looking for a more affordable Plan F or more information, you’ve come to the right place.

This article covers everything you need to know about Plan F.

Compare rates from over 15 different Plan F providers instantly by filling out our quote form today.

Table Of Contents

1. What Does Medicare Plan F Cover?
2. Plan F Monthly Premiums
3. Medicare Plan F & Prescriptions
4. Is Plan F Worth It?
5. Plan F Pros & Cons

What Does Medicare Plan F Cover?

Medicare Plan F covers all remaining healthcare costs that Medicare does not cover, including all deductibles, copayments, and coinsurance. This means you pay nothing for healthcare expenses. Due to its comprehensive coverage, Plan F is the most expensive Medicare plan. For those not eligible for Plan F, Plan G is the next best option, offering nearly the same coverage.

Read our review of Medicare Plan G here.

Medicare Plan F Monthly Premiums

You can instantly compare premiums from over 15 different Medicare Plan F providers by filling out our quote form. Here are some average Plan F prices, which vary by age and location:

For a 70-year-old man, the average monthly premium is $134-$177, and for a 70-year-old woman, it’s $117-$154. Prosperity offers some of the most affordable Plan F rates.

Read our guide on the top 3 cheapest Medicare supplement Plan F companies here.

Medicare Plan F & Prescriptions

Medicare Plan F does not cover prescription drugs. You will need to purchase a separate prescription drug plan, which typically costs between $10-$20 per month.

Is Medicare Plan F Worth It?

Medicare Plan F is ideal if you want comprehensive coverage and peace of mind, as it covers virtually all medical expenses. However, it is the most expensive Medicare plan and may not be affordable for everyone, especially those on a fixed income. If you are eligible for Plan F, it’s worth comparing rates from multiple carriers to find the best deal and potentially save hundreds of dollars annually.

Medicare Plan F Pros & Cons

Pros:

• Covers 100% of Medicare gaps, meaning no out-of-pocket expenses for medical care.

Cons:

• The most expensive Medicare supplement plan.

Whether you should choose Plan F depends on your health and budget. If you frequently need medical care, Plan F provides excellent value. If you are generally healthy, a Medicare Advantage plan, often available at $0 per month, might be a better option.

Summary

We highly recommend Medicare Plan F if it fits within your budget. It offers complete coverage of Medicare gaps, ensuring you never pay out-of-pocket for medical expenses. We help both long-term Medicare beneficiaries and new enrollees find the best options and save money by comparing rates from over 15 different insurance carriers.

Fill out our quote form or contact us to compare plans and save money. We look forward to assisting you!

FAQs

• Does Medicare Plan F cover dental, vision, or hearing?

No. No Medicare supplement plans cover dental, vision, or hearing. You can buy those plans separately or find a local plan to cover those things. They do not cover those benefits because Medicare does not cover those benefits. However, many Medicare Advantage plans come with those benefits built-in at no additional cost.

• Does Medicare Plan F cover emergency room visits? Yes, Medicare Plan F covers all medical expenses, including emergency room visits. You will not pay anything if you need to go to the hospital.