Why Plan F?

A recent Yahoo news article prompted me to conduct a little research.  The article spoke to the popularity of Medicare supplement plan F vs other Medicare supplement plans. The good news about plan F is the simplicity and comprehensive coverage.   But....how much are you paying for that convenience?

For the past several years, we've been talking about the value of plan G.  Let's look at the numbers.

In my example I'll assume a 70 year old man who uses no tobacco.  His monthly rate for a plan F is $139.83 while his plan G premium is $112.58.  This represents a monthly savings of $27.25 or an annual savings of $327.  

The rest of the story is this:  Plan G does require him to satisfy the Medicare part B annual deductible ($166 in 2016).  

So the question is: Why pay $327 annually for a $166 benefit?

Do you want to know if you qualify?  Give us a call.

Lonnie