I have been a customer of the Lucey Wealth Advisors for more than 5 years. I have found Mike Lucey and all of his associates... read moreI have been a customer of the Lucey Wealth Advisors for more than 5 years. I have found Mike Lucey and all of his associates to be excellent in terms of knowledge and service. Mike has helped me to have a very secure retirement by placing a large chunk of funds in an American Equity annuity which will give me a substantial monthly payment for life. He has steered me in other investments that have done very well during the last few years. Whether I talk to Mike or Jeff Pfeiffer, I feel confident that they are putting my financial needs and goals first. They are always prompt in returning messages and courteous to a fault. Their fees are very reasonable for what you get in return. Highly recommended. read less
I wish to highly commend Michael Lucey and his very able business partners on their advice and management of my wife and my retirement portfolio... read moreI wish to highly commend Michael Lucey and his very able business partners on their advice and management of my wife and my retirement portfolio and investments. From our very first meeting, Mike has been swift to listen, analyze and provide sound investment information specific to our needs and requirements. He provided us with the spread charts and data to help us monitor our portfolio and maximize our returns. We meet on an annual basis to have a client review, provide the latest updates and plan for our daughter's fiscal future as well. During all of this time Mike and his excellent business partner, Jeff Pfeiffer, have been understanding and very swift in their response time to our communiques. And yes, all of this with a refreshing sense of Irish humor ! Sincerely, Paul and Lynn Young read less
I have been extremely pleased with the quality of the service. Mike, Jeff and his team are very responsive, knowledgeable and helpful. I have been... read moreI have been extremely pleased with the quality of the service. Mike, Jeff and his team are very responsive, knowledgeable and helpful. I have been using their Annuity and Life insurance products for approximately 6 years and would highly recommend their services read less
My experience working with Lucey Wealth Advisors was superb. Mike and his team are exceptionally thorough, trustworthy and highly-professional. Looking forward to a long-term (and... read moreMy experience working with Lucey Wealth Advisors was superb. Mike and his team are exceptionally thorough, trustworthy and highly-professional. Looking forward to a long-term (and very fruitful) working relationship. read less
Mike Lucey and his team are wonderful to work with. I highly recommend them. They pay attention to detail and are great about keeping you... read moreMike Lucey and his team are wonderful to work with. I highly recommend them. They pay attention to detail and are great about keeping you informed and involved in the process. read less
I used Lucey Wealth Advisors and they are very professional, extremely responsive and trustworthy. Mike Lucey assist me when I was having difficulty searching... read moreI used Lucey Wealth Advisors and they are very professional, extremely responsive and trustworthy. Mike Lucey assist me when I was having difficulty searching and selecting a good retirement annuity program. He researched and showed me the list of the top rated annuity companies that allowed me to select the best annuity company for me. Moreover, Mr. Lucy processed a complicated funding structure for my final retirement distribution. I am thoroughly satisfied with the quality of their trustworthiness and professional services. My 5 star rating is absolute. AV, San Jose, Ca AV San Jose, Ca AV San Jose California read less
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 San Francisco, CA.
Which plan is the best to enroll in if you live in San Francisco 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 San Francisco.
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?
Almost everything!
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 San Francisco 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 San Francisco, 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 San Francisco County.
To get Plan F, you’ll need to connect with a health insurance company that sells Medical Supplement Plans in San Francisco, 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 San Francisco, 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.
San Francisco, officially the City and County of San Francisco, is a cultural, commercial, and financial center in the U.S. state of California. Located in Northern California, San Francisco is the 17th most populous city in the United States, and the fourth most populous in California, with 873,965 residents as of 2020. It covers an area of about 46.9 square miles, mostly at the north end of the San Francisco Peninsula in the San Francisco Bay Area, making it the second most densely populated large U.S. city, and the fifth most densely populated U.S. county, behind only four of the five New York City boroughs. San Francisco is the 12th-largest metropolitan statistical area in the United States with 4.7 million residents, and the fourth-largest by economic output, with a GDP of $592 billion in 2019. With San Jose, California, it forms the San Jose–San Francisco–Oakland, CA Combined Statistical Area, the fifth most populous combined statistical area in the United States, with 9.6 million residents as of 2019. Colloquial nicknames for San Francisco include SF, San Fran, The City, and Frisco.
Spanish Empire 1776–1821
First Mexican Empire 1821–1823
United Mexican States 1823–1848
United States 1848–present
Mission San Francisco de Asís (Mission Dolores)
The earliest archaeological evidence of human habitation of the territory of the city of San Francisco dates to 3000 BC. The Yelamu group of the Ohlone people resided in a few small villages when an overland Spanish exploration party, led by Don Gaspar de Portolá, arrived on November 2, 1769, the first documented European visit to San Francisco Bay. The first maritime presence occurred on August 5, 1775, when San Carlos—commanded by Juan Manuel de Ayala—became the first ship to anchor in the bay. The following year, on March 28, 1776, the Spanish established the Presidio of San Francisco, followed by a mission, Mission San Francisco de Asís (Mission Dolores), established by the Spanish explorer Juan Bautista de Anza.
Upon independence from Spain in 1821, the area became part of Mexico. Under Mexican rule, the mission system gradually ended, and its lands became privatized. In 1835, William Richardson, a naturalized Mexican citizen of English birth, erected the first independent homestead, near a boat anchorage around what is today Portsmouth Square. Together with Alcalde Francisco de Haro, he laid out a street plan for the expanded settlement, and the town, named Yerba Buena, began to attract American settlers. Commodore John D. Sloat claimed California for the United States on July 7, 1846, during the Mexican–American War, and Captain John B. Montgomery arrived to claim Yerba Buena two days later. Yerba Buena was renamed San Francisco on January 30 of the next year, and Mexico officially ceded the territory to the United States at the end of the war in 1848. Despite its attractive location as a port and naval base, San Francisco was still a small settlement with inhospitable geography.
Learn more about San Francisco.