Medicare supplement insurance plans offer unparalleled health safety standards. There is another term used for it “Medigap insurance” in the market. We must accept that Original Medicare has certain broken links and gaps left in-between. What good it would serve if you are left stranded in the middle of nowhere (when you need it the most)?

 

This has been its undoing for quite some time now. People like Medicare for all the benefits it has to offer. What after that? It only pays for 80% of the coverage costs. There is still 20% left to be paid. Medicare supplement insurance plans cover the remaining coverage costs for you. It also pays for Part A and Part B deductibles in some cases.

 

There are ten (10) unique supplement plans (Plan A to Plan N) available. These plans are specifically designed to look after majority of the challenges being faced by people.

 

The primary objective of supplement plans is to fix the broken links. These plans have been regularized by the Federal Government. You should focus on other important aspects of finding the best supplement plans. There is no point in worrying about that which insurance company offers the best plans. Each plan has its own targeted audience. You should first find out that if you belong to that category of individuals or not.

Medicare Supplement Plan A:

It offers basic coverage at a minimal price. People who are on tight budget find it to be a useful package overall. It is not meant to fill-in all the gaps however it comes in quiet handy given the amount of money paid for it.

It comprises of:

• Coinsurance for Part A Medicare and hospital costs for an additional year.
• Part B co-payment (20% of the total Medicare-approved expenses).
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.

Medicare Supplement Plan B:

There were big question marks on Part A hospitalization deductible. Plan B keeps the hospitalization costs under control. It must be mentioned that you are still paying lower premiums.

It includes:

• Part A co-insurance and additional stay in hospital for another year.
• Part B copayment (20% of the total Medicare-approved expenses).
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.
• It covers Part A Deductible.

Medicare Supplement Plan C:

Plan C has become relatively popular because of its lower monthly premium and extra coverage guaranteed. You need not to pay for Medicare-approved expenses as it is covered under the plan. However you would be required to manage the excess charges or expenses, once the limit is reached. You can predict and manage the monthly medical expenses in a far convincing manner than ever before. It covers all the areas except the “Part B excess charges”.

 

What is it?

 

Sometimes you would find that few doctors or hospitals charge more than the fixed amount (set by Medicare) for a particular service. It goes without saying that most of the doctors and hospitals accept Medicare-approved guidelines and rules. It does not have much to worry about.

It comprises of:

• Coinsurance for Part A and hospital costs (for an additional year).
• Part B coinsurance
• Plan C covers foreign travel emergency facility as well.
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.
• It covers Medicare Part A and Part B Deductible.

Medicare Supplement Plan D:

Plan D has taken a middle-path approach where you can cover most of the risks and pay a low (or affordable) monthly premium. It makes sense when we talk about people who know that what works best for them. They can manage without key points or features. It still offers a lot of attractive features to feel excited about.

It comprises of:

• Coinsurance for Part A and hospital costs (for an additional year).
• Part B coinsurance (20% of the outpatient expenses).
• Part A Deductible.
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.
• Plan D covers foreign travel emergency facility as well.

Medicare Supplement Plan F:

We are talking about the best Medicare supplemental plan here. The percentage of people owning plan F is more than all the other plans combined. It says a lot! It covers all the medical expenses given the condition that it is approved by Medicare insurance.

It covers more than what you can possibly think of. People would doubt and ask that if it covers preventive care and ‘at home recovery’ cases. No, it does not. The reason cited is that the Medicare insurance does not cover these two aspects at all. What do you have to say about it? The puzzle is solved now.

It includes:

• It covers the Part A and Part B Deductible.
• It covers Part B Excess (100%).
• Coinsurance for Part A and hospital costs (for an additional year).
• Part B coinsurance (20% of the outpatient expenses).
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.
• Plan F covers foreign travel emergency facility as well.

Medicare Supplemental Plan G:

Plan G is considered to be the best plan by many health enthusiasts. The biggest selling point is that it covers “At Home Recovery” which is not approved by Medicare. It comes across as a pleasant surprise. The affordability aspect also comes into the picture straightaway.

It includes:

• Part A Deductible
• It covers Part B Excess (100%).
• Coinsurance for Part A and hospital costs (for an additional year).
• The cost of first three blood pints is covered every year.
• It covers Hospice care copayment or coinsurance.
• Plan G covers foreign travel emergency facility as well.

Plan G fails to cover Part B Deductible and Preventive Care.

Medicare Supplemental Plan K:

Plan K offers a wider coverage at low premium. It would pay a percentage (50%) than the total amount of costs incurred.

It comprises of:

• Part A Deductible.
• Part B co-insurance.
• Cost of three pints of blood (the first three).

Note: Medicare supplemental Plan K covers 50% of the total costs for the above-mentioned services.

It includes (full coverage):

• Part A coinsurance and stay in hospital for an additional year.
• Medicare Preventive Care.

The limit is set at $4,660 (subject to change). It would cover the medical expenses for the whole calendar year, once the limit is reached.

Medicare Supplemental Plan L:

Plan L promotes the concept of partial coverage. It offers lower monthly premium. It is highly advisable to check and compare the prices. It can make a significant difference in the end.

It includes:

• Part A Deductible.
• Part B co-payment.
• Cost of three pints of blood (the first three).

Note: Plan L covers 75% of the total costs for the above-mentioned services.

It includes (full coverage):

• Coinsurance for Part A Medicare and hospital costs (for an additional year).
• Medicare Preventive Care

The limit is set at $2,330 (subject to change). It covers all the medical expenses after the limit is crossed.

 

Medicare Supplemental Plan M:

Plan M is ideally meant for those who visit the doctors often than others. You can reduce the costs by 50%. It can save you $550 annually. You can calculate and find the difference for yourself.

It includes:

• Part A Deductible (50%
• Part B coinsurance or copayment.
• Plan M covers foreign travel emergency facility as well.
• Additional blood coverage.

Medicare Supplement Plan N:

Plan N is one of the new additions made to the family. It is a relatively affordable plan. There are different reasons behind it. It asks the beneficiaries to pay $20 and $50 as co-payment whenever they see a doctor and visit the emergency room respectively.

It includes:

• Part A coinsurance and stay in hospital for an additional year.(50%
• Part B coinsurance or copayment.
• Part A Deductible.
• Plan N covers foreign travel emergency facility as well.
• It covers Hospice care copayment or coinsurance.

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