Medicare Supplement Plan F – Humana (2024)

FAQs

Is the Medicare Supplement plan F the best? ›

Plan F offers the most coverage, but it's not available to everyone. Plan G covers nearly as much as Plan F — and it's available for any Medicare member. Both Plans F and G also offer a high-deductible Medigap plan in some states. Because Plan F covers more than Plan G, it also costs more.

Why is Medicare Plan F no longer an option for most people? In short, Medicare Plan F is being phased out because of the first dollar coverage that made it so popular. As federal lawmakers saw it, that kind of coverage has the potential to be overused at the expense of the Medicare program.

Medicare Supplement Plan F offers Medicare benefits including: Hospitalization: pays Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits end. Medical expenses: pays Medicare Part B coinsurance—generally 20% of Medicare-approved expenses—or copayments for hospital outpatient ...

Cons Explained

High out-of-pocket annual expenditure for Medicare Advantage plans: Humana has the second-highest average out-of-pocket annual expenditure of the insurers we reviewed. You would end up paying more when you get care than you might with other insurers.

If you want to maintain benefits like foreign travel insurance and cost coverage for Part A, Part B deductibles and Part B excess charges, it may be worth it to keep your Plan F policy. However, because Plan F offers the most comprehensive benefits of all Medigap policies, it may be more expensive than other options.

As of 2024, Medicare Plan F is no longer available for new enrollees. However, if you were eligible for Medicare before January 1, 2020, you can still enroll in or keep your existing Medicare Plan F coverage. To be eligible, individuals must be enrolled in both Medicare Part A and Part B.

It was phased out at the start of 2020. Medigap Plan F is no longer offered as a new policy to those eligible for Medicare after January 1, 2020. However, if you're already enrolled in Plan F or were eligible for Medicare before 2020, you still have access to Plan F. You are grandfathered in.

Plan N will bill a $20 copay for office visits and a $50 copay for emergency room visits that don't lead to hospital admission. Like Plan G, it does not cover the annual Medicare Part B deductible ($233 in 2022). This is a good replacement for high-deductible Plan F.

How Much Does Plan F Medicare Supplement Cost? The average premium for Medicare Supplement Insurance Plan F in 2023 was roughly $186.49 per month, or $2,237.88 per year. 41% of Medicare Supplement beneficiaries have Plan F.

What is the best supplemental insurance for Medicare? ›

(It is important to understand that these plans do not cover prescription drugs.) Plan F also includes coverage for other Medicare-approved expenses not associated with Parts A or B. This includes foreign travel emergencies and skilled nursing facility coinsurance.

“This new brand reflects the fact that our care-services businesses are growing and maturing—such as our payer-agnostic senior-focused primary care centers—and we need a brand that speaks to how we put our members and patients at the center of everything we do,” Humana President and CEO Bruce D.

Humana has the best Medicare Advantage plans for 2024 because it is well-rated and affordable. Humana has the best Medicare Advantage plans because of its good coverage and plans with no monthly cost. AARP/UHC offers the best extra benefits, and Blue Cross Blue Shield has the largest network of doctors.

For most people, paying the premium is simple. Your Part B premium will be automatically deducted from your benefit payment if you get benefits from 1 of these: Social Security.

Beneficiaries who enroll in Plan F will have no out-of-pocket costs for Medicare-approved services. Those enrolled in Plan G will only have to pay the Part B deductible. However, it's important to note that you may have other healthcare costs not associated with your Medigap plan.

Medicare Supplement Plan N covers just about everything that Plan F covers. Plan N Medical Coverage Include: Medicare Part A hospital coinsurance and hospital stay costs up to 365 days after you exceed the number of days Medicare will cover.

The only difference between Plan F and Plan G is coverage of the Part B deductible. The only difference between Plan F and Plan C, which was much less popular than F, is coverage of the excess charges associated with doctors who do not accept Medicare assignment.