November 19, 2021
2 minute read

What Does Medicare Supplement Plan K Cover?

Medicare Part A and Part B coverage (Original Medicare) can cover much of your doctor and hospital bills, but it doesn’t cover everything. Medicare Supplement Plan K is one of several Medicare Supplement Plans (also called Medigap), purchased through private insurance companies that helps pay for some of the expenses that your Original Medicare plan doesn’t cover.

About Medicare Supplement Plans

Medigap plans are standardized by the federal government. This means that plans of the same letter offer the same benefits, no matter who you buy it from. This means that all Plan Ks will have the same standard coverage, but insurance companies can offer then at different prices. Keep in mind that insurance companies are allowed to offer additional benefits, so compare plans carefully based on premiums and additional benefits before you purchase a policy.

There are 10 Medigap plan options, though not all plans are available in every state. But we are going to focus on Medicare Supplement Plan K.

What Does Medicare Supplement Plan K Cover?

Medicare Supplement Plan K covers a number of out-of-pocket costs that are not paid for by Original Medicare. These include:¹*

  • Medicare Part A coinsurance
  • 50% of Medicare Part A deductible
  • Medicare Part A hospital costs up to an additional 365 days after Medicare benefits are used up
  • 50% of Medicare Part B coinsurance or copayment
  • 50% of the first three pints of blood for a medical procedure
  • 50% of hospice care coinsurance or copayment
  • 50% of skilled nursing facility care coinsurance
  • 80% of foreign travel emergency medical care

After you meet the 2022 out-of-pocket yearly limit of $6,620 (the most you’ll have to pay for covered services during a plan year) and your annual Part B deductible ($203 as of 2021), Medicare Supplement Plan K will pay 100% of covered services for the rest of the calendar year.1,2

How to Purchase Medicare Supplement Plan K

Since Medicare Supplement Plan K policies are offered by private insurance companies, prices and benefits vary based on your location and carrier. HealthMarkets can help you easily find the plan that best meets your needs. Best of all, there’s no cost to you for our services. Compare plans online now.

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© 2024 HealthMarkets Insurance Agency. All rights reserved.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week).

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, PPO and PPFS organizations and stand-alone prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity, or religion.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

47726-HM-1121

© 2024 HealthMarkets Insurance Agency. All rights reserved.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week).

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, PPO and PPFS organizations and stand-alone prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity, or religion.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

47726-HM-1121

© 2024 HealthMarkets Insurance Agency. All rights reserved.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1- 877-486-2048), 24 hours a day/7 days a week).

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.

Attention: This website is operated by HealthMarkets Insurance Agency, Inc. and is not the Health Insurance Marketplace® website. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer’s enrollment in an insurance plan. No obligation to enroll. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled. Medicare has neither reviewed nor endorsed this information.

HealthMarkets Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, PPO and PPFS organizations and stand-alone prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity, or religion.

This information is not a complete description of benefits. Call the Plan’s customer service phone number for more information.

47726-HM-1121