If you want the most coverage possible from a supplemental insurance plan, then Medigap Plan F for 2018 is right for you. Of course, you should know that it comes with the highest price tag. That’s to be expected since it offers you so much coverage for medical expenses, but you need to be aware of exactly what it covers and how much it can cost you.
Plan F does not have a fixed cost. You will get a different rate depending on which insurance company you decide to buy the plan from. These companies change their rates every now and then, so be aware of price changes. You cannot just find out what the rates are for the plan you want a year or two in advance and expect them to be the same when you finally sign up for one of them. Be sure you are staying current on the rates before you try to decide on a provider to buy the plan from.
Plan F is priced much higher than its competition. Of course, the full coverage it offers plays a part, but it isn’t priced in such a way as to reflect its coverage compared to other plans. It only covers a little more than Plan N and only slightly more than Plan G. However, the price for this plan tends to be much higher than either of those two plans. It is Plan F’s status as the full coverage plan that merits this kind of price increase, and the difference in cost and coverage is something that Medicare subscribers need to take into consideration when they are picking out their plan. They can often do much better with a different plan.
The only way that Plan F would warrant the cost it comes at is if someone could use all he coverage it provides. It only comes with one piece of coverage beyond Plan G, so anyone who chooses Plan F over the much cheaper Plan G needs to do so because they really need that little bit of extra coverage it offers. It needs to be cheaper for them to go with Plan F than Plan G, as the insurance plan you pick should be saving you money. If it isn’t, then you should find a different plan.