Although plan F is the most expensive one out of the ten available Medicare advantage plans out there, it is also the most popular one and over 50% of citizens who have Medicare part A or part B choose this additional advantage plan. What exactly makes this plan the best for so many and is it the best one for you too?
It covers (almost) all expenses
Out of all the possible expenses that patients would need to pay out of their own pockets, the plan F comes in and covers all of them. So, why (almost) all? The only expenses that this plan and no advantage plan covers are ones due to routine vision and dental services, eyeglasses, hearing aids and prescription drugs. Other plans, such as A and B only cover three to four of these expenses and only the most basic ones.
The plan F also doesn´t have an out-of-pocket limit, like plan K and L do. These last two plans would require their members to first reach an annual limit of $5,240 when a member of plan K and a limit of $2,620 when on plan L, before starting to cover for health-care expenses.
Here´s a list of all expenses that are covered by the advantage plan F: Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted, Medicare Part B coinsurance or copayment, first three pints of blood (when blood transfusions are necessary), Medicare Part A hospice coinsurance or copayment, skilled nursing facility coinsurance, Medicare Part A and Part B deductibles, Medicare Part B excess charges and foreign travel emergency. Get a quote for 2019 medicare advantage plans to save money.
It gives you peace of mind
Regardless the age, one can´t foretell what will happen in life and especially your health state can change quickly and is in often cases something we have no control over. Health comes first and without getting medical help when necessary, proceeding with everyday activities may become impossible. The last thing one wants to worry about when in excruciating pain, is how to gather the money to get professional help. Especially if you´re on your own, being sick and not having enough money for doctor´s visits can leave you pretty much optionless. It´s not easy working and earning money for your medical bill while dealing with a condition. Imagine getting an unexpected diagnose or having a severe accident. You would need to stay in the hospital and surgery expenses can in some cases go over 70,000$. An original Medicare Part A would, for example, only pay 14,000$ of this expense. Having plan F, you gain the peace of mind that whatever comes your way medically, you will be able to get the help you needed, without having that financial burden. Although many mistake plan F for being the best only for the elderly, health issues can come at any age and it is always better to be safe than sorry.