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A Medigap plan, or Medicare Supplement, pays after Medicare to help cover your deductibles, copays, and coinsurance that you would otherwise be responsible for. Medigap plans do not replace your Medicare Part B.
You must be enrolled in both Part A and Part B first, then you are eligible to enroll in a Medicare Supplement (Medigap) Plan. Medicare
Medigap Plan F is the most comprehensive Medicare supplement that is currently available for purchase(also referred to as Medicare Supplement Plan F).
After original Medicare (Part A and Part B) has paid its portion, Plan F covers both Medicare deductibles -hospital and annual medical- and all copays and coinsurance, leaving you with nothing to payout of pocket.
Due to the fact it provides “1st dollar” coverage without any financial cost-sharing claim responsibilities on the part of the policyholder, Plan F is usually the most expensive supplement plan option.
However, it remains the most popular plan option amongst Medigap policies in force as of 2018
Starting January 1, 2020, Medigap plans sold to new people with Medicare won’t be allowed to cover the Part B deductible.
Because of this, Plans C and F will no longer be available to people new to Medicare starting on January 1, 2020.
If you already have either of these 2 plans (or the high deductible version of Plan F) or are covered by one of these plans before January 1, 2020, you’ll be able to keep your plan.
If you were eligible for Medicare before January 1, 2020, but not yet enrolled, you may be able to buy one of these plans.
Remember – Medicare supplements (medigaps)
provide secondary health coverage, but neither Medicare nor supplements provide
prescription drug or Part D coverage.
You would need to purchase a Prescription Drug Plan (PDP) for Part D
coverage from an insurance company that sells PDP plans in your state, in
addition to purchasing a Medicare supplement, if you desire to have Medicare
Prescription Drug (Part D) coverage as well as secondary health coverage.