It’s hard to wade through the murky online waters of health insurance.
Trying to get affordable but adequate coverage tends to involve a lot of quotes, calls, and struggle.
If you’re not happy with your current Medicare plan, you probably need a Medicare Supplement plan.
But then you might realize that there are so many different Medicare Supplement plans in Calistoga, CA.
Which plan is the best to enroll in if you live in Napa County?
That is for you to decide since everyone’s situation is different.
But if you want to see what’s the most popular and is probably the best option for you, that’s where Plan F comes in.
What is Plan F?
Plan F is the most popular of all Medicare Supplement plans in Calistoga.
It’s one of the 10 Medicare Supplement options that people who have Original Medicare can opt into if they feel they need additional coverage.
Plan F is by far the most popular because it offers the most comprehensive coverage out there. More than half of Americans who want a Medical Supplement plan choose Plan F.
The usual Medicare Part A and Part B aren’t bad insurances per se, but they do leave some gaps that could hurt.
Unexpected and frustrating out-of-pocket costs can still occur with the other supplement plans.
You might need to seek medical assistance and realize only afterward that you need to pay a hefty amount, or you straight up avoid doctors so you don’t risk paying too much.
Plan F can help you avoid all that. Buyers of this plan will usually never have to pay out-of-pocket, which means a lot less stress.
Who should get Medicare Supplement Plans like Plan F?
Those who want predictable out-of-pocket medical costs, international travelers, and those who expect a lot of medical expenses. Those who need hospice care now or in the future are also recommended to get Plan F to reduce their out-of-pocket costs.
Plan F is limited to those who have already qualified for Medicare prior to January 1, 2020.
Lucey Wealth Advisors are a team of financial experts who are always happy to help you with your financial decisions, including whether you should get Plan F or a different plan. If you need services from Lucey Wealth Advisors you can contact us at 888-828-3394.
What does Plan F cover?
Long story short, having Plan F allows you to be able to walk into a doctor’s office and leave without needing to pay.
This is obviously a great financial help. In America, health concerns often coincide with financial concerns just because emergency hospital costs can be absolutely devastating.
Medical expenses are the #1 reason for bankruptcy! Yikes.
According to Medicare.gov, for 2021 the Medical Supplement Plan F covers:
In addition, Plan F also covers the first three pints of blood each year. Each pint costs around $150 in Napa County, so that’s a nice bonus.
Medicare Part A and Part B have other gaps that can prevent you from getting adequate coverage. They don’t cover foreign travel emergencies or skilled nursing facility coinsurance, but Plan F does!
Plan F covers 80% of medical costs during foreign travel.
As a refresher, each plan’s insurance deductible is the amount of money you have to pay before insurance kicks in and covers the costs.
Typically, health plans with lower monthly premiums have higher deductibles.
Coinsurance is the price you pay after you have paid the deductible. If you have 0% coinsurance, that means you pay nothing after the deductible.
What does Plan F NOT cover?
Health insurance is usually completely separate from a certain list of services. This is the same for Medicare Supplement plans in Calistoga, CA.
Plan F does not cover dental, vision (including glasses), hearing aids, private nursing care, or long-term care.
Typically, it is recommended to get additional insurance for dental, vision, etc. because those costs can be just as high if not higher than a regular doctor visit.
How do I enroll in Plan F?
For Plan F, you have to be first enrolled in Original Medicare or Medicare Parts A and B. That’s because Plan F focuses on covering the gaps in those other plans.
After you’ve enrolled, Medicare will first pay for whatever it will usually cover for you, and then your Medical Supplement plan policies will follow up with their own payments.
Note that Plan F is limited to those who qualified for Medicare prior to January 1, 2020. If you only qualified for it after Jan. 1st, 2020, you won’t be eligible for Plan F in Napa County.
To get Plan F, you’ll need to connect with a health insurance company that sells Medical Supplement Plans in Calistoga, CA.
How much does Plan F cost?
Where you’re located when you buy Plan F can affect the price. Plan F in California, for example, costs an average of $190 a month (not including your current Medicare coverage costs).
The price for Plan F in Calistoga, CA also depends on your gender and whether you smoke or not.
Where to get financial advice for health insurance?
Lucey Wealth Advisors are here to help you with all your financial questions.
Don’t hesitate to contact us at 888-828-3394. We know that the stress from financial concerns can be exacerbated by health concerns, which is why we offer affordable prices and reliable help from our professionals.
Together, let’s figure out which Medicare Supplemental Plan is optimal for you and whether you need Plan F.
Because we are a team of top financial advisors, we also help with issues such as estate tax, retirement plans, stock market volatility, and more. You can make the most out of your savings with us.
Calistoga is a city in Napa County, in California’s Wine Country. During the 2010 census, the population was 5,155. The city was incorporated on January 6, 1886. In 1868 the California Pacific Railroad was built to Calistoga, becoming a hub and destination. The name comes from a combination of California and Saratoga referring to Saratoga Springs, New York, which is famous on the east coast for its hot springs. Founders of the town wanted to make Calistoga the Saratoga Springs of California drawing tourists to its hot springs.
The Upper Napa Valley was once the home of a significant population of Indigenous People, called the Wappo during the Spanish colonial era of the late 18th century. With abundant oak trees providing acorns as a food staple and the natural hot springs as a healing ground Calistoga (Wappo: Nilektsonoma, ‘Chicken Hawk Place’) was the site of several villages. Following Mexican Independence, mission properties were secularized and disposed of by the Mexican government with much of the Napa Valley being partitioned into large ranchos in the 1830s and 1840s. The first Anglo settlers began arriving in the 1840s, with several taking up lands in the Calistoga area.
Samuel Brannan was the leader of a Mormon settlement expedition on the ship Brooklyn landing in Yerba Buena (San Francisco) in 1846. He published San Francisco’s first English language newspaper, the California Star. Following the discovery of gold in Coloma, Brannan pursued many business ventures, which made him California’s first millionaire and became a leader in San Francisco’s Committee of Vigilance. Fascinated by Calistoga’s natural hot springs, Brannan purchased more than 2,000 acres (8 km2) with the intent to develop a spa reminiscent of Saratoga Springs in New York. ‘The name of Calistoga was given to the place in the fall of 1867, by Mr. Brannan. It was his boast that he was going to make the place the Saratoga of California, so he spliced the names and called it Cal (is) toga, the middle syllable for euphony. The place had already been previously called Hot Springs by the few Americans, and Agua Caliente by the Spaniards and Indians.’history of napa and lake counties
A writer later claimed that Brannan intended to say ‘I’ll make this place the Saratoga of California,’ but it came out ‘the Calistoga of Sarifornia’. His Hot Springs Resort surrounding Mt Lincoln with the Spa/Hotel located at what is now Indian Springs Resort and Brannan Cottage Inn, opened to California’s rich and famous in 1862. In 1868 Brannan’s Napa Valley Railroad Company’s track was completed to Calistoga. This provided an easier travel option for ferry passengers making the journey from San Francisco. With the addition of railroad service, Calistoga became not only a destination, but also the transportation hub for the upper valley and a gateway to Lake and Sonoma Counties. A 6-meter diorama of this early Calistoga can be seen in the Sharpsteen Museum.