"Plan F" is no longer available to new Medicare enrollments.
MACRA "Plan F" rule explained.
Medicare Access and C.H.I.P. Re-authorization Act of 2015 changed who can buy a Medicare Supplement "Plan F" in all states.
Newly enrolled Medicare beneficiaries are no longer allowed to purchase insurance plans that cover the Medicare “Part B” deductible.
If you currently have a Medicare Supplement “Plan F”, you can keep your existing plan. But only if you are willing to pay the much higher rates charged by the insurance companies to keep the “Plan F”.
“Plan F” rates have been increasing every year. And insurance experts predict even higher rate increases for “Plan F” in years to come.
Regardless, "Plan G" is always a better value than "Plan F". See Fact #5.
Why was this law passed?
Congress figured out what insurance companies already knew.
Insurance companies have been tracking the benefits paid on claims for decades. And the proof is in the numbers.
Reports show that when a plan member is required to pay even a small deductible for medical services, the overall plan usage goes down.
Overall plan usage going down means benefits paid by Medicare will also decrease.
The overall plan usage goes down when plan members are required to pay even just a small deductible.