If you are considering the High Deductible Plan F then please do the math first.
A Regular Plan F covers 100% of your out of pocket costs and is roughly $200 per month. A High-Deductible Plan F is about one third of the monthly cost but it has a $2,400 deductible in 2018 which you must pay down before it will pay any of your cost shares.
In a worst case scenario where your medical bills exceed the deductible your total cost on the High Deductible plan would be well over $3,000 when you include the monthly premiums.
With Plan F your total cost is $2,400.
If you need the type of coverage that Plan F offers then why would you choose the high deductible option when it will likely cost you more? And if your goal in choosing the Hi-F plan is to save money, well there are better plans out there that can save you more money in the long run.
When comparing Medicare supplement plans most people focus on the monthly premium but there is a lot more to picking the right plan.
Most times people consider the High Deductible Plan F option because they are looking for the least expensive option. If you are still fairly healthy and don’t go to the doctors often you might think, “Why pay $200 per month if I only see doctors a few times each year?”
The answer is don’t!
…and don’t spend $50-75 per month either!
If you are in good health and only see a doctor a few times a year with a few blood tests during the year, then you should be considering a Medicare Advantage plan.
Medicare Advantage plans have even lower monthly premiums than Medicare Supplements. Generally, monthly premiums are under $20 per month, they rarely have a deductible and you’ll only pay $5-$10 at your doctors office instead of the FULL AMOUNT as you’d pay if you had the Hi-F plan!
So, my advice is to consider all your options and talk to a professional, like myself who can help you compare the advantages and disadvantages of each plan and help you choose the best plan for you. Perhaps you’ll find out that the Hi-F plan is actually the right choice for you. Perhaps not. But at least you’ll know for sure!
AND BEST OF ALL: Working with me will cost you NOTHING! I am paid by the insurance companies in the form of a commission when you enroll in a plan. You will not pay anything to meet with me and you will pay the same price for your insurance that everyone pays whether they had my help or not.
Would you like my help?
If you would like help comparing your needs against the many Medicare plans out there or if you just want to ask a few questions, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.
“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”