Cigna Medicare Supplement Plan F
Medicare Supplement Plan F is one of the many plans being sold in various health insurance companies. It known to be a full coverage Medigap plan, but would you think this will be the best option for you? There is a chance that it is not depending on your personal situation and the insurance provider you chose. The price range factor does give a lot of impression on a potential subscriber. We will discuss Cigna Medicare Supplement Plan F in terms of coverage and overall strength.
Medicare Supplement Plan N
The Full Coverage of Plan F
Although these Medicare Supplements are systematized by the Original Medicare, all the different insurance providers have the liberty to estimate their own rates, but they must strictly adhere to standardized coverage levels. This entails that anywhere you look; Plan F will always be Plan F in terms of coverage regardless of the provider. These gives the seniors a wider option when looking for a plan.
Plan F covers for every single supplemental expense left uncovered by your basic Medicare plan. If you are looking at a much affordable rate for Plan F compared to other providers and you get second thoughts whether the coverage might be half cooked, you do not need to fear. Because of the standards set by Medicare, you do not worry anymore on missing out on something just because you got yourself a cheaper deal. Cigna proudly offers competitive price listing for Plan F. As you do your research and you find it to be the least costly plan in the market, there is no need for you to worry of having a second-rate Plan F. It is the same Plan F but empowered further with their established reputation in the insurance industry. You get the standard plus add on perks and benefits exclusive to the Cigna.
To give you a detailed rundown, the list below are the expenses fully covered by Plan F. These are:
- Medicare Part A deductible
- Medicare Part B deductible
- Copayment for Medicare Part A
- Copayment for Medicare Part B
- Excess fees for Medicare Part B
- Hospice care coinsurance cost for Medicare Part A
- Skilled nursing services coinsurance costs
- Three pints of blood coverage, which is renewed annually
- Foreign emergency travel expenses (for medical transport outside the country, but only up to 80% each event if needed, with a lifetime maximum of limit of $50,000)
Medicare Supplement Plan F provides cover for the list above, and no other plan is as thorough in coverage. Out of the list outlines above, you can see that the foreign travel exchange only allows for 80% coverage. Why is that? It is because that is the maximum allowable coverage for that specific item.
It is good to understand that there might still be medical fees you need to pay after subscribing for Plan F. Now you may wonder why it is called full coverage but still requires some form of out of pocket expense. It is classified as full coverage in terms of Medicare supplemental expenses. That excludes cover for non-supplemental expenses such as vision, hearing, dentals and most medication fees. Taking this limitation into consideration can help you weigh an appropriate choice of plan that can suit your needs and budget.
Medicare Supplement Plan N
Purchasing Plan F
To be eligible for Plan F, you need to have the basic Medicare Plan known as the Original Medicare. This covers you for majority of the Medicare Part A and Part B expenses. The supplemental plans like Plan F fill in the uncovered portions in Medicare’s services in varying degrees. Any type of supplemental plan only comes into effect if you have an existing Medicare plan. Plan F cannot stand alone, nor any other Medigap plan.
You also need to be about 65 years old and above. Some people may access Plan F earlier if they have a qualifying medical condition. To gain further clarification on that, ask your health insurance agent. We also recommend applying for a plan 6 months before you turn 65 as this ensures approval of your subscription regardless of your current health woes.
Medicare, however, placed restrictions on who can actually apply for Plan F as they find the premiums set already too high and they want to protect the seniors from such. Plan F is only available if you first got qualified for Medicare before January 1, 2020. This entails that you had your 65th birthday before January 1, 2020.
If you are considering Cigna Medicare Supplement Plan F, you may apply straight through Cigna’s official website to kick off the process. You also have the option of going to one of their offices to apply in person. If you find yourself liking another plan, Cigna also has other Medigap plans on offer. Take time to understand yourself and your options and do not just follow the trend.
Medicare Supplement Plan N
Compare to Save Money
Cigna Medicare Supplement Plan F can cover you for all kinds of vital and less vital medical fees, and that may work out for you as your situation implies. However, it is just as important to look at other plans and be open minded. Some other plans can still offer great coverage without being as expensive as Plan F. It is a smart idea to compare plans first and see how they differ to Plan F.
Plan G is gaining popularity as it is just a notch down from Plan F in terms of coverage but way more affordable in price. It provides high cover same as those listed for Plan F minus the Medicare Part B deductible.
Plan N is next in line to Plan G in terms of coverage. It is slightly lesser in extent of coverage than Plan G and so you get a much cheaper premium for it. It does not cover you for Part B deductible, Part B excess fees nor for the copayments of some hospital visits. That would entail about $20 or $50 cost for each visit which is not too much. Overall it still covers the vital supplemental fees.
The Plan G and Plan F are two great options outside of Plan F. If you think Plan F is too expensive, or if you are not eligible for it, there is no reason to be disheartened as there are other valuable options too. Compare plans and see if it matches your healthcare goals and financial capacity.