Warning: Illegal string offset 'before' in /home/customer/www/askbridge.com/public_html/wp-content/themes/Divi-child/functions.php on line 20
Warning: Illegal string offset 'after' in /home/customer/www/askbridge.com/public_html/wp-content/themes/Divi-child/functions.php on line 20
Warning: Illegal string offset 'wrap' in /home/customer/www/askbridge.com/public_html/wp-content/themes/Divi-child/functions.php on line 20
See FAQ's ?
Each question links to a section on this page about Medigap High Deductible Plan F;
- What is Medigap High Deductible Plan F?
- Why is Medigap High Deductible Plan F going away in 2020?
- What does Medigap High Deductible Plan F cover?
- What does a Medigap High Deductible Plan F not cover?
- How do I compare Medigap Plans?
- Is Medigap High Deductible Plan F worth buying?
- How much does Medigap High Deductible Plan F cost?
- How do I enroll in Medigap High Deductible Plan F?
- How does Medigap High Deductible Plan F compare to just Plan F?
- How does Medigap High Deductible Plan F compare with Part C Medicare Advantage (MA)?
- How does Medigap High Deductible Plan F work with Medicare Part D Prescription drug coverage?
- How does Dental, Vision and Hearing Insurance (DVH) work with Medigap High Deductible Plan F?
- How does Medigap High Deductible Plan F work with a Critical Illness Insurance for cancer, heart-attack and stroke (CHAS)?
- How does Medigap High Deductible Plan F work with a Long Term Care Insurance (LTC)?
- How does High Deductible Plan F work with a Health Savings Account (HSA)?
⚖️ Compare Plans
Oops! We could not locate your form.
Compare A+ Rated Carrier Plans in Your Area!
Tap to Call a Medicare Professional
Maybe you’ve heard some information about Medigap High Deductible Plan F from friends and family but what exactly is High Deducible F anyway and how does it fit within Medicare Insurance benefits? We consolidated and simplified all the important details for you by answering common questions to help save you time, money and energy!
Feel lost in the Medicare Maze? For senior folks who want to make a good health decision but feel confused about their options or not knowing who to trust, Bridge has a plan to help you find the protection and peace of mind you need. Contact us or take ‘The Medicare Journey‘, a clear path to understanding Medicare from ‘A Complete Health Plan Perspective’. Don’t let your health insurance end up costing you an arm and a leg!
Bridge is a licensed, insurance broker specializing in Medigap Plans, Fixed Annuities and Life Settlement insurance products.
Connect with a real, dedicated & licensed, Bridge Insurance Agent for anything you need. We’re here for you! Just ask.
2019 Medigap Plan
What is Medigap High Deductible Plan F?
High Deductible Plan F is one of the most popular, if not thee most popular Medigap Plan on the senior health insurance market because it covers the maximum amount of benefits offered by Insurance Carriers. Known as the Cadillac plan, High Deductible Plan F is known for first-dollar coverage for Original Medicare Part B but only if you are lucky enough to enroll before the discontinued cut-off date of January, 1 2020. This means if you enrolled in Medicare Part B before year 2020, you still actually have the option to enroll in High Deductible Plan F via the grandfathered clause. According to Investopedia, first dollar coverage, ‘…is an insurance policy feature that provides full coverage for the entire value of a loss without a deductible’ (Investopedia, First Dollar). Basically, High Deductible Plan F pays for 100% of the Part B Deductible of Original Medicare Insurance.
?️ Is High Deductible Plan F right for you? Just ask Bridge!!
Why is Medigap High Deductible Plan F going away in 2020?
High Deductible Plan F is going away because congress noticed an issue with both patient care providers and patients ‘misusing’ the government based insurance. As one could imagine, an unrestricted use of medical care without cost to patients increases its unnecessary usage while incentivising doctors to bill Medicare for more services rendered. Furthermore, congress issued, H.R.2 – Medicare Access and CHIP Reauthorization Act of 2015 to curb the expense. That is the basic explanation why High Deductible Plan F is phased out in 2020.
?️ Close the Medicare liability gap with Bridge!
What does Medigap High Deductible Plan F cover?
High Deductible Plan F covers;
- 100% Medicare Part A Coinsurance.
- 100% Medicare Part B Coinsurance.
- 100% First Three (3) Pints of Blood.
- 100% Part A Hospice Coinsurance.
- 100% Skilled Nursing Facility Care Coinsurance.
- 100% Part A Deductible.
- 100% Part B Deductible.
- 100% Part B Excess Charges.
- 80% Foreign Travel Emergency Insurance.
The National Association of Insurance Commissioners (NAIC), standardized all Medigap Plans which must adhere to the following guidelines;
- Must cover costs for both Original Medicare Part A & Part B.
- Must reflect statutory changes in Medicare.
- Cannot deny preexisting conditions after a policy has been active for 6-months.
- Must include a 30-day look back period.
?️ Get more benefits with Bridge!
What does Medigap High Deductible Plan F not cover?
There is nothing High Deductible Plan F doesn’t cover. Supplement High Deductible Plan F covers all the Medicare Supplement benefits for policy holders who have enrolled in Medicare Part B before January 1, 2020. For people who enroll in Medicare after Jan. 1, 2020, High Deductible Plan F will no longer be available.
?️ We believe in dignity, privacy and freedom!
| Benefits | Amount |
|---|---|
| ✔ Part A Co-Insurance (ie: Co-Ins.) | 100% |
| ✔ Part B Co-Ins. | 100% |
| ✔ Blood (First 3 Pints) | 100% |
| ✔ Hospice Care Co-Ins. | 100% |
| ✔ Skilled Nursing Co-Ins. | 100% |
| ✔ Part A Deductible | 100% |
| ✔ Part B Deductible | 100% |
| ✔ Part B Excess Charges | 100% |
| ✔ Foreign Travel Emergency | 80% |
| ✔ 2019 Deductible | $2300 | Get Offers✨ |
How do I compare Medigap High Deductible Plan F?
Comparing Medigap policies can be confusing and time consuming when vetting multiple carriers. It takes more than reading a 2019 Medigap PDF Guide to get the answers. Simplify the process by speaking with a Bridge Agent who can answer your questions and run all your Medigap comparisons for Medigap High Deductible Plan F – at no cost.
?️ Get High Deductible Plan F Pricing. Just ask Bridge!
Is Medigap High Deductible Plan F worth buying?
High Deductible Plan F is a great option for seniors clients who want the most comprehensive senior health coverage plan available on the market. However, if you are enrolling in Medicare after Jan. 1 2020, due to this plan’s discontinued status. For people enrolled in Medicare after said date, Plan G may be the next viable option for the most coverage. When deciding between High Deductible Plan F or Plan G can be time consuming! Knowing the difference in coverage and pricing for High Deductible Plan F vs. Plan G can save lots of money. We recommend speaking with a Bridge Agent to review your Medicare Options and get a comparison quote to fit your needs.
?️ Compare High Deductible Plan F with Bridge and Save!
How much does Medigap High Deductible Plan F cost?
As with all Medigap Plans, since they are federally standardized the only differentiating factor is based on the price you pay. Since Medigap plans vary in price, availability and carrier. Contact a Bridge Agent for a hassle-free quote!
?️ We believe in dignity, privacy and freedom!
How do I enroll in Medigap High Deductible Plan F?
Enrolling in High Deductible Plan F is pretty straightforward. Once you have enrolled in Original Medicare (especially Part B), you can contact a Bridge Agent to find plans in your service area.
?️ With Bridge, you have Peace of Mind!
How does Medigap High Deductible Plan F compare to just Plan F?
The only difference between High Deductible Plan F and Plan F is the deductible paid. Plan F does not require a deductible whereas High Deductible Plan F requires a $2300 deductible before the plan pays anything.
?️ Compare both Plan F’s with Bridge!
How does Medigap High Deductible Plan F compare with Part C Medicare Advantage (MA)?
High Deductible Plan F may offer more comprehensive coverage when paired with Original Medicare & a Part D drug plan. In comparison, High Deductible Plan F is only a supplemental health insurance plan unlike Medicare Advantage (Part C) which is an “all encompassing health plan”. For example, Part C may contain a drug plan within it called MA-PD vs. PDPwhich is a stand alone drug plan. Comparing Medigap vs Medicare Advantage Plans can be difficult going at it alone. After all, they are similar in that both are considered private health plans but you cannot be enrolled in both Original Medicare and a Medicare Advantage at the same time. Read about comparing Original Medicare vs Medicare Advantage
?️ Make a wise choice with Bridge!
But wait…although, Medicare Advantage Plans are appealing based on price, they can also come with a few Medicare pitfalls that may have you reconsider the real ‘advantage’. For example;
- Prices have been historically unstable.
- Your coverage will change annually.
- You could be locked-in without the future option for a Medigap Plan
- You’re responsible for out-of-network, Physician costs.
- No coverage beyond your service area.
- Must use in-network providers.
- No travel coverage.
- May need a referral to see a specilist.
Additionally, If you have a MA plan and diagnosed with a critical illness such as cancer, heart attack or stroke, costs for treatment if the hospital is out-of-network may not be covered in your plan. The max out-of-pocket only applies to covered services and could require a specialist referral. People with MA plans, think they have more coverage than they actually do unlike Medigap plans, which is considered more comprehensive senior health coverage plan.
CONSULTANT TIP
Starting January 1, 2020, Medigap plans for seniors new to Medicare will not be able to cover the Part B deductible. As such, Plans C & F will no longer be available to new Medicare enrollees on or after January 1, 2020.
How does Medigap High Deductible Plan F work with Medicare Part D prescription drug coverage?
Since High Deductible Plan F is compatible with Original Medicare, enrollees who choose this plan will also need to enroll separately in a Part D drug plan. Enrollees have a guaranteed eligibility for a Part D plan when they enroll in Plan D (on-time). It’s best to avoid the Part D Enrollment Penalty by enrolling during your initial enrollment period (also known as, IEP). Did you know that drugs administered in a Hospital setting are generally covered under your Medicare Part A? For more information on enrollments, visit the Medicare Enrollment Periods page.
?️ Check Part D formularies, pricing & locations with Bridge!
How does Dental, Vision & Hearing Insurance (DVH) work with Medigap High Deductible Plan F?
Good news! High Deductible Plan F is compatible with DVH plans however since they are considered standalone plans, DVH’s would need to be purchased separately. By working with a Bridge Agent, we can help you find an affordable DVH insurance plan to fit your needs.
?️ Get a DVH Plan with your Medigap Policy. Ask Bridge!
How does Medigap High Deductible Plan F work with a Critical Illness Insurance for cancer, heart-attack & stroke coverage (CHAS)?
High Deductible Plan F is compatible with CHAS insurance / cancer plans however since they are considered standalone plans, they would need to be purchased separately. By working with a Bridge Agent, we can help you find an CHAS and/or affordable critical illness insurance plans to fit your needs.
?️ Get Critical coverage with Bridge!
How does Medigap High Deductible Plan F work with a Long Term Care Insurance (LTC)?
Medigap High Deductible Plan F is compatible with LTC plans however, since they are considered standalone plans, they would need to be purchased separately. There is talk about developing a new Medigap plan to include LTC coverage. By working with a Bridge Agent, we can help you find an affordable LTC insurance plan to fit your needs(LTC).
?️ Ask Bridge about Long Term Care Health Plans!
How does High Deductible Plan F work with a Health Savings Account (HSA)?
As with all Medigap Plans, Medigap High Deductible Plan F is not considered a qualified expense to pay out of your Health Savings Account (HSA). However, your HSA can pay for Medicare Parts A, B, C & D. Once enrolled in Medicare, enrollees are no longer able to contribute to their Health Savings Account. However, the funds can be used to pay for qualified Medicare costs stated above. If one postpones Medicare enrollment they may still contribute to their Health Savings but enrolling late will also be subject to a Medicare Late Enrollment Penalty which is a percentage increase of costs per year. Speak with your Financial Advisor to determine what works best for you!
?️ Compare Medigap Plan Pricing & Carriers with Bridge!
In Conclusion
High Deductible Plan F is only available to Medicare enrollees who have enrolled prior to January 1, 2020 due to a grandfather clause. High Deductible Plan F is one of the most popular Medigap plans because it offers the most coverage including; Part B, first-dollar coverage, foreign travel and skilled nursing care coverage which gives beneficiaries the most expansive coverage anywhere. However, beneficiaries must meet the annual deductible before the plan kicks in coverage. High Deductible High Deductible Plan F is private Medicare insurance that “supplements” Original Medicare. The cost of High Deductible Plan F is dependent upon carrier & availability. All carriers who sell High Deductible Plan F must adhere to standardized federal guidelines. Comparing Medigap Policies can be confusing and time consuming! If you would like to speak with a licensed Bridge Agent about High Deductible Plan F options, please contact us today for a free, no-obligation, comparison quote today!
Medigap Plans Previously Reviewed
Page Sources
- FL225 – Health & life (including annuities & variable contracts) Study Manual Florida 32nd Edition – 2017
- cms.gov
- medicare.gov
- offical social security
- mymedicare.gov
- US Medicare Wiki
- Medicare Wiki
- Medigap Wiki
- Medicare Advanatage Wiki
- CMS Wiki
- medicare.com
- medicare interactive
- NAIC
- FINRA
- AHIP
- SHIP
- WhiteHouse.gov
- Medicaid.gov
Next Steps...
Medicare can be complex and confusing but we have good news! Bridge did all the research for you, so you don’t have to! If you just started following along with us, you can visit The Medicare Journey trailhead to see the roadmap, visit the Previous Page or go to the Next Page.
