AARP Medicare Supplement Insurance Plan F
AARP Medicare Supplement Insurance Plan F is the best plan that anyone can get who is on Medicare. This plan is going to pay for the 20% that Medicare doesn’t pay for. You will not have any out-of-pocket expenses except for the monthly premium. Now this is going to be the most expensive plan that you can get. But you will not have to deal with the copayments, coinsurance, and deductibles. Plan F also offers a High Deductible plan F. This plan is a little different and may seem less expensive but you have to look at the long term costs.
- Medicare Part A coinsurance and hospital costs (up to an additional 365 days after Medicare benefits are used)
- Medicare Part B coinsurance or copayment
- Blood (first 3 pints)
- Part A hospice care coinsurance or copayment
- Skilled nursing facility care coinsurance
- Medicare Part A deductible
- Medicare Part B deductible
- Medicare Part B excess charges
- Foreign travel emergency (up to plan limit)
High deductible plan F
This plan is offered in only some of the states. If you choose this option, this means you must pay for Medicare-covered costs (coinsurance, copayments, deductibles) up to the deductible amount of $2,180 in 2016 before your policy pays anything.
Dr. Ethel Percy Andrus, a retired high school principal, founded AARP in 1958. AARP evolved from the National Retired Teachers Association (NRTA), which Dr. Andrus had established in 1947 to promote her philosophy of productive aging, and in response to the need of retired teachers for health insurance.
At that time, private health insurance was virtually unavailable to older Americans; in fact, it was not until 1965 that the government enacted Medicare, which provides health benefits to persons over age 65. Dr. Andrus approached dozens of insurance companies until she found one willing to take the risk of insuring older persons. She then developed other benefits and programs, including a discount mail order pharmacy service.
For more information about the history of AARP please click here.
If you have any questions about the Medicare Supplement plan F, please feel free to give me a call here at 1-800-Medigap or you can reach me directly at 901-KORTNI8. I am a Licensed Broker, therefor I can look at multiple insurance companies to see who is offering the cheapest rate for these plans.