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 Mill Valley, CA.
Which plan is the best to enroll in if you live in Marin 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 Mill Valley.
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 Marin 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 Mill Valley, 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 Marin County.
To get Plan F, you’ll need to connect with a health insurance company that sells Medical Supplement Plans in Mill Valley, 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 Mill Valley, 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.
Mill Valley is a city in Marin County, California, United States, located about 14 miles (23 km) north of San Francisco via the Golden Gate Bridge and 52 miles (84 km) from Napa Valley. The population was 13,903 at the 2010 census.
The first people known to inhabit Marin County, the Coast Miwok, arrived approximately 6,500 years ago. The territory of the Coast Miwok included all of Marin County, north to Bodega Bay and southern Sonoma County. More than 600 village sites have been identified, including 14 sites in the Mill Valley area. Nearby archaeological discoveries include the rock carvings and grinding sites on Ring Mountain. The pre-Missionization population of the Coast Miwok is estimated to be between 1,500 (Alfred L. Kroeber’s estimate for the year 1770 A.D.) to 2,000 (Sherburne F. Cook’s estimate for the same year). The pre-Missionization population of the Coast Miwok may have been as high as 5,000. Cook speculated that by 1848 their population had decreased to 300, and was down to 60 by 1880. As of 2011 there are over 1,000 registered members of the Federated Indians of Graton Rancheria, which includes both the Coast Miwok and the Southern Pomo, all of whom can date their ancestry back to the 14 survivors original tribal ancestors.
In Mill Valley, on Locust Avenue between Sycamore and Walnut Avenues, there is now a metal plaque set in the sidewalk in the area believed to be the birthplace of Chief Marin in 1871; the plaque was dedicated on May 8, 2009. The village site was first identified by Nels Nelson in 1907 and his excavation revealed tools, burials and food debris just beyond the driveway of 44 Locust Ave. At that time, the mound was 20 feet (6.1 m) high. Another famous Mill Valley site was in the Manzanita area underneath the Fireside Inn (previously known as the Manzanita Roadhouse, Manzanita Hotel, Emil Plasberg’s Top Rail, and Top Rail Tavern, most of which were notorious Prohibition-era gin joints and brothels) located near the intersection of U.S. Route 101 and California State Route 1. Built in 1916, the ‘blind pig’ roadhouse was outside the dry limits of the city itself. Shell mounds have been discovered in areas by streams and along Richardson Bay, including in the Strawberry and Almonte neighborhoods.
Beginning with the foundation of Mission San Francisco de Asís, commonly known as Mission Dolores, in 1776, the Coast Miwok of southern Marin began to slowly enter the mission, first those from Sausalito followed by those from areas now known as Mill Valley, Belvedere, Tiburon and Bolinas. They called themselves the ‘Huimen’ people. At the mission they were taught the Catholic religion, lost their freedom, and three quarters died as a result of exposure to European diseases. As a result of the high death rate at Mission Dolores it was decided to build a new Mission San Rafael, built in 1817. Over 200 surviving Coast Miwok were taken there from Mission Dolores and Mission San Jose, including the 17 survivors of the Huimen Coast Miwok of the Richardson Bay Area. California Missions.