1) Supplemental Insurance Plan F (1 of 5)
1) Supplemental Insurance Plan F (1 of 5)
One of the most popular supplemental insurance plans amongst baby boomer remains Plan F. The popularity of Plan F amongst baby boomers is due the fact that the plan offers coverage on areas that Medicare does not.
This includes both outpatient and hospital deductible. The plan covers copayments as well, which a baby boomer would otherwise have to pay. Other benefits provide by Plan F include hospice care, nursing facility, Medicare Part A and Part B deductible, Medicare Part B excess charges, and foreign travel for medical emergencies.
Baby boomers who opt for a supplemental insurance program alongside their Medicare plan will not be giving any money out of their own pocket. Instead, they will be receiving full medical coverage.
Remember, Part A and Part B will only cover some of your outpatient and hospital expenses, meaning you will have to pay any additional fees that result after your visit, unless you have a supplemental insurance program, specifically Plan F.
For example, you do not have supplement insurance program. In the event you need medical care, you will owe the hospital an estimated $1,300 when you admit yourself. If you need to undergo surgery, you will have to pay 20 percent of the bill. If you had opted for Plan F, you will not have to worry about the additional expenses your Medicare plan does not cover.