We like to travel abroad a few times/year. I expect we will also spend some extended time (3 - 6 months) abroad a few times over the next 5 - 10 years. Time for us to sign up for a Medicare Supplement Plan. Choices are:
- an AARP UHC Medigap plan subsidized by my former employer, or
- an Anthem plan from my significant other's soon to be former employer which includes a $1M/person Major Medical plan.
The Anthem plan with $1M major medical would be ~$2K/year (for both) more expensive than plan F, or ~$3.7K more expensive than Plan K.
Major Medical in the U.S. is probably not worth the extra cost. But it might be worth it for our short term trips and extended travels.
Plan F does have a $50K/ lifetime benefit for traveling abroad.
What are folks thoughts? Is it worth it to pay the higher premium for the $1M major medical?