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 Napa, 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 Napa.
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 Napa, 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 Napa, 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 Napa, 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.
Napa is the largest city in and the county seat of Napa County, California. It is the principal city of the Napa County Metropolitan Statistical Area, with a population of 78,130 as of the 2019 United States census estimate. It is the second-largest city in California’s Wine Country, after Santa Rosa. Napa was incorporated as a city in 1872.
The name ‘Napa’ was probably derived from the name given to a southern Nappan village whose native people shared the area with elk, deer, grizzlies and cougars for many centuries, according to Napa historian Kami Santiago. At the time of the first recorded exploration into Napa Valley in 1823, the majority of the inhabitants consisted of Native American Indians. Padre José Altimira, founder of Mission San Francisco Solano in Sonoma, led the expedition. Spanish priests converted some natives; the rest were attacked and dispersed by Mexican soldiers. American farmers began arriving in the 1830s.
Before California was granted statehood in 1850, the Napa Valley was in California’s District of Sonoma. In 1850 when counties were first organized, Napa became one of the original counties of California. At the time, its boundaries also included Lake County to the north. By this time, the indigenous people were either working as field laborers or living in small bands in the hills surrounding the valley. Tensions between the white settlers and Native Americans broke into war in 1850, with a white man’s death resulting in soldiers hunting down and killing all the natives they could find, driving the remainder north toward Clear Lake. In 1851, the first courthouse was erected. By 1870, the Native American population consisted of only a few laborers and servants working for the white settlers.
The City of Napa was founded by Nathan Coombs in 1847. It was not the plan of General Mariano Guadalupe Vallejo. He had paid to survey for a township down river at Soscol Landing where riverboats could turn around. The Napa town site was surveyed by James M. Hudspeth on property Coombs had received from Nicolas Higuera, original holder of the Rancho Entre Napa Mexican land grant. The first business establishment in the town was a saloon built by Harrison Pierce, a former miller at the Bale Grist Mill. Napa’s first general store was opened a year later in 1848 by Joseph P. Thompson. The first record of a ship navigating the river was the Susana in 1842. John Sutter’s schooner the Sacramento landed in 1844 to pick up a load of lime and deliver passengers. By 1850 the Dolphin became the first passenger steamship to navigate the Napa River in order to open another path of commerce.