Medicare Supplement Plan F: Still Good In 2022?

Medicare Supplement Plan F

Medicare Plan F is the most comprehensive Medicare supplement plan there is.

Unfortunately, Plan F has been phased out to all new enrollees. You can now only get Plan F if you were eligible for Medicare before January 1, 2020.

If you are one of those people and are looking to find a cheaper Plan F plan or just want more information you’ve come to the right place.

This article will cover everything to know about Plan F.

Compare 15+ different Plan F companies instantly for free by filling out our quoter today.

Table Of Contents

What Does Medicare Plan F Cover?

Medicare Supplement Plan Comparison Chart

Medicare Plan F covers all of the remaining healthcare expenses that Medicare does not cover. Plan F covers, all deductibles, copayments, and coinsurance.

This essentially makes it so that you pay nothing for any healthcare expenses.

However, Plan F is the most expensive Medicare plan because of this.

The next most expensive and second most comprehensive is Plan G. This would be the best plan for people who are not eligible for Plan F.

Click here to read our review of Medicare Plan G.

Medicare Plan F Monthly Premiums

You can instantly compare 15+ different Medicare Plan F companies’ premiums by filling out our quoter.

However, if you don’t want to do that here are some average Plan F prices. Keep in mind pricing will depend on your age and location.

Since new enrollees to Medicare are not eligible for Medicare Plan F we will start at age 70.

AgeMaleFemale
70$134-$177$117-$154
75$155-$208$135-$181
80$198-$245$172-$213
85$239-$286$208-$249

The average Medicare Plan F monthly premium for a 70-year-old man is $134-$177 a month.

The average Medicare Plan F monthly premium for a 70-year-old woman is $117-$154 a month.

Prosperity is by far the cheapest Medicare supplement Plan F company.

Read our guide on the top 3 cheapest Medicare supplement Plan F companies.

Medicare Plan F & Prescriptions

Medicare Plan F does not cover prescriptions. In fact, no Medicare supplement plan does.

You have to buy a prescription drug plan separately.

The good news is they are very cheap, with some even being under $10/month. Most people pay somewhere between $10-$20/per month for their prescription drug plan.

Is Medicare Plan F Worth It?

Medicare Plan F is definitely worth it if you prioritize peace of mind and never having to worry about medical expenses ever again. It pays for practically everything that Medicare will leave you with a bill for.

However, Medicare Plan F is the most expensive on the market and is not affordable for everyone, especially those on a fixed income.

For those of you already eligible for Medicare Plan F, it is worth shopping around multiple carriers to see which one gives you the best rate. This can be a savings of hundreds of dollars a year.

Medicare Plan F Pros & Cons

The biggest pro of Medicare Plan F is that it covers 100% of the gaps that Medicare does not cover. You will never pay anything at the hospital or doctor’s office.

The biggest con of Medicare Plan F is that it is the most expensive.

Whether you should get Medicare Plan F or not depends on how healthy you are and what your budget is.

The more unhealthy you are and the more medical care you need, the more value you will get out of a Medicare supplement plan like Plan F.

The healthier you are the less value you will receive because you will not need medical care that often, and Medicare Advantage that often comes at $0/month might be a better option for you.

Summary

We are a big fan of Medicare Plan F if it is within your budget. IT covers 100% of the gaps in Medicare and you will never be on the hook for any medical expenses.

Best of all, we can help people save hundreds a year on the Medicare supplement plans because we have access to over 15 different insurance carriers.

We help people who have been in Medicare for many years and new enrollees alike find the best option for themselves and their families.

If you want to compare among 15+ different insurance companies fill out our quoter or contact us and we will save you the most money.

We look forward to hearing from you!

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