Medicare Supplemental Plan F is Going Away in 2020
The highly prized Medigap Plan F is about to be a thing of the past. The government is forcing it out as a way to cut costs. The good news is that you can keep it if you have it. Will it actually cut Medicare cost in Florida? It's anyone's guess, but the theory is that seniors will use their doctor less often if they have to pay out-of-pocket.
in Florida Medicare Supplements Do Not Cover Prescriptions
Supplements don't and can't cover your prescriptions. This is a change from years past. By law, supplemental insurance must cover what Original Medicare covers, and nothing more. The only exception is foreign travel coverage.
Here's the complete list of Medicare Prescription Drug Plans available in Florida.
Florida Medicare Supplemental Plans are Standardized
By law, all Medicare Supplements sold in the state of Florida are standardized. This means that every policy must be clearly identified as Medicare Supplement Insurance and it must offer the exact coverage allowed. This allows all plans to compete on price (premium).
Each lettered plan offers the basic coverage of Plan A. Plans B through N offer different levels of gap coverage, including some with annual out-of-pocket limits. This gives people significant range of choice based on the amount of insurance needed.
Carriers are free to market the the policies they want, with these simple limitations:
- Carriers are not required to offer every plan
- Plan A is mandatory
- Plan C or F must be offered
To learn more, visit the Florida Department of Insurance website at http://www.myfloridacfo.com/.
Just a friendly remainder that Medicare does not cover routine dental care. We have a complete catalog of Florida dental insurance for seniors.
Looking for Assistance?
There are numerous insurance counseling resources available to Medicare beneficiaries. One of the best in Florida is the State Health Insurance Assistance Program (SHIP). They offer free, one-on-one counseling and assistance. You can contact them by telephone or by visiting their website:
- 1-800-96 ELDER (1-800-963-5337); TTY: 1-800-955-8770
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