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Medicare Plan F, And What You Need To Know

As currently constituted, there could be north of 60 million people depending upon Medicare for their primary health care coverage. The numbers will continue to increase heading into the future.

When looking at Medicare as a whole, recent reports indicate that Medicare Plan F will be discontinued. A date of 2020 is when this plan could be completely extinct. According to congress.gov, Medicare Supplement plans that pay the Medicare Part B deductible will not be sold going forward to those newly eligible for the benefits.

This piece will look at Plan F, and the implications of this decision going forward.

What is Plan F?

The original Medicare was broken up into Part A (hospital insurance) and Part B (Medical insurance). Medicare doesn’t completely pay for all expenses. The consumer is roughly responsible for 20-percent of the cost.

Plan F was a highly popular choice for those looking to get an efficient healthcare plan. Though it’s one of the most expensive options, more than half of all Medicare patients were/are enrolled in this specific plan.



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