This blog has been updated to reflect 2019 changes-
Most Medigap policies do not have deductibles, but a few Medicare supplement plan levels do. These are plans F, K and L. Actually, plan F has a high-deductible option, and that option works similarly to K and L.
Medicare supplement benefits for all plan levels
All of the plans, A through N, provide certain basic coverage:
Even though these two supplements provide basic coverage and the Part A deductible, they do not cover everything at 100 percent. Instead, they protect plan members by providing a yearly out-of-pocket limit for expenses. Since plan members are expected to share the costs up until they meet that maximum for the year, these may be cheaper Medicare supplement options for many seniors.
Plan K provides 100% coverage for Part A hospitalization coinsurance and coverage for 365 days after Medicare benefits end:
In addition to the basic benefits, Plan K also provides coverage for:
Plan L is very similar to plan K, but it:
Besides basic coverage, it also provides the following:
Typically, these are for relatively health seniors who do not mind cost sharing for small medical expenses with the assurance of knowing that larger bills will be cover. In exchange for cost sharing, the plans may offer cheaper premiums.
Comparing all of the A, B, Cs of Medicare plans and parts can get confusing for average consumers. That’s why we provide free Medicare quotes and personal service from experienced health insurance agents. At Trusted Senior Specialists, we are eager to explain the differences and help you find the best plan.