Medicare Supplement Plans, also known as Medigap plans, are designed to “fill the gaps” in your Medicare Part A and B coverage. This gives you more predictable costs for expenses such as the deductibles and coinsurance within Medicare plans. Below are different plan options based on whether you prefer higher premiums or lower out-of-pocket costs.
Moderate premiums, lower out-of-pocket costs
Plans A and B
Medicare Supplement Plans A and B provides basic coverage for hospitalization, medical expenses and hospice care. Medicare Supplement Plan B includes the same basic benefits, plus coverage for your Part A deductible.
Medicare Supplement Plan C covers co-insurance cost for the basic Medicare benefits plus provides coverage for skilled nursing care, certain Medicare Part A and Part B deductibles and emergency care abroad.
Offers the basic benefits, plus coverage for both the Medicare Part A and B deductibles, skilled nursing care, emergency care abroad and 100% of Part B excess charges—this is the difference between what a provider charges and the amount Medicare will pay up to Medicare’s limiting amount. Medicare Supplement Plan F also has a high-deductible option that can lower your premiums.
Plans K and L
Higher out-of-pocket costs, but subject to out-of-pocket annual limits.
Covers a range of medical costs, including doctor’s services and hospital care. The plans pay a percentage of your costs, and then you are responsible for a portion. Each Medicare Supplement Plans K and L has an out-of-pocket maximum, which limits the amount you will have to pay each year.
Moderate out of pocket costs for office visit and ER copays.
Another lower-premium option offering the same basic benefits; however, includes an office copayment of up to $20 and an emergency room copayment of up to $50. The Medicare Supplement Plan N also covers costs for the Medicare Part A deductible, skilled nursing care and emergency care abroad.