Get all the benefits you entitle to receive at the lowest possible cost.
What's New?
Plan F is No Longer Available for 2020 Enrollments
Effective January 2020, health insurance plans covering the Medicare Part B deductible will no longer be available to newly enrolled Medicare beneficiaries.
These plans have traditionally been Plan F and Plan C--which have been grandfathered. This means that current planholders will still be allowed to continue with their existing coverage.
This change has been brought about the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
Part B Deductible
The Medicare Part B deductible for 2021 is $203.00.
How Does This Affect Plan F Policy Holders?
Higher Rate Increases
Most planholders get a rate increase every year.
However, many Medigap Plan F policy holders have started experiencing higher-than-usual rate increases--as predicted by industry experts.
Let's Do the Math
If you are already paying $180.00 for your Plan F, a yearly rate increase of 10% will mean that in just 5 years, your monthly premium will be around $289.00.
That's an increase of more than $100.00 per month, which translates to more than $1,300.00 PER YEAR.