Medicare Supplements are also known as Medigap. Not counting the high deductible plans, there are up to 10 standardized Medigap plans in 50 states. The plans are lettered from A-N and offer a range of different benefits.
Medicare Supplements help you cover costs such as copayments, deductibles, and coinsurance. All of which you have to pay out-of-pocket with Original Medicare. Medicare Supplement Plan F is the most comprehensive and complete Medigap plan. Out of 10 Medigap plans, only Plan F offers both Original Medicare Part B deductible and Part B excess charges simultaneously. This is apart from the other benefits it offers, covering more in percentage than other Medigap plans.
Because it offers the most benefits, it’s easy to assume that Medicare Supplement Plan F rates are the most expensive. This is not necessarily true. The prices of Medigap Plan F vary depending on your age, gender, smoking state, and state of living. If you enroll for Plan F after your Open Enrollment Period, your insurance provider may charge your higher premium depending on your health status.
Your Open Enrollment Period (OEP) is a 6-month period that opens in the month of your 65th birthday. If you have Medicare Part B enrollment, you can also enroll for a Medigap Plan F. By doing this; you will get the best rates available, regardless of your health status.
Your Medicare Supplement Plan F rate may be based on one of three age-rating models. With a Community-rated age model, you will pay the same for your Medigap Plan, regardless of your age. Every member of the community will pay an equal premium. With an Issue-Age rate, your premiums depend on how old you were when you enrolled for the plan. An Age-Issue rate is best suited for people who join when they are young. An Attained-Age rate may also decide your premiums. As you age, your premiums will increase.
Plan F Coverage
Plan F coverage includes:
- Medicare Part B Deductible and excess charges
- Emergency care during foreign travel
- Medicare Part A coinsurance, hospice care copayment and deductibles
- Skilled nursing facility care coinsurance
- Medicare Part B coinsurance and copayment
- First 3 pints of blood
- A 365-day coverage after Medicare Part B expires.
A 2021 look at Medicare Supplement Plan F Rates
In 2021, an average Medigap Plan F policyholder paid $169.14 monthly or $2,030 annually. Plan F was the fourth most expensive among the ten standardized plans. In the same year, Plan C cost about $189.88 monthly. Plan A cost about $192.33 monthly while Plan M cost an average of $218.75 regularly.
On average, Plan F costs only $11.81 more than Plan D monthly. Plan D costs an average of $157.33. Yet, Plan F offered the most benefits of all.
In the same year, Medigap Plan B cost $141.24 monthly, Plan G cost an average of $122.77, and Plan N cost $111.28 monthly. High Deductible Plan F costs about $57.16 monthly.
Average Age-Based Medicare Supplement Plan F rates for a Non-Smoking Male and Female
The table below shows the average Medicare Supplement plan F rates of a non-smoker based on age bracket and gender.
| Age Range | Male | Female |
| 65-70 | $137.16 – 155.69 | $118.90 – 134.97 |
| 71-75 | $161.14 – 185.12 | $139.69 – 160.48 |
| 76-80 | $191.66 – 217.82 | $166.16 – 188.84 |
| 81-85 | $217.82 – 248.86 | $194.49 – 215.73 |
Average Age-Based Medicare Supplement Plan F rates for a Smoking Male and Female
The table below shows the average Medicare Supplement plan F rates of a smoker based on age bracket and gender.
| Age Range | Male | Female |
| 65-70 | $148.28 – 168.31 | $128.84 – 145.91 |
| 71-75 | $174.20 – 200.13 | $151.02 – 173.50 |
| 76-80 | $207.20 – 235.48 | $179.63 – 204.15 |
| 81-85 | $242.55 – 269.06 | $210.26 – 232.22 |
Note that these prices may vary depending on your state.
If you have any questions and inquiries about Plan F benefits and rates in your city, we can help you out. Feel free to contact us.
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