If you are shopping for a Medicare Supplement and trying to decide between purchasing a Medigap Plan F or a Medigap Plan C, I can help. In fact, this question is a quick an easy one.
There is only one difference between the two plans.
Medigap Plan F covers the Part B excess charges, Medigap Plan C does not. An excess charge is when a doctor bills above the Medicare-approved amount for services.
These days it is very rare for doctors to charge above Medicare-approved amounts. From an actuarial perspective, insurance companies know their potential risk between the plans is slight. That’s why you will only notice a small price difference between the two programs.
Not sure if your doctor accepts Medicare? Here’s a link to find out.
From the consumer’s perspective, it makes sense to spend a little extra on a Plan F.
Although you will probably never need the extra coverage, it costs you practically nothing to have it.
For more information about the phasing out of Plan F and Plan C in 2020 click here.