Medicare Supplement Plans 2023
Areas We Cover: Fresno, Madera, Tulare, Kings, Kern, Mariposa, Merced Counties
Medicare Supplement plans, also known as Medigap, are private insurance policies that work in conjunction with Original Medicare. These plans are designed to help cover the out-of-pocket costs that Medicare does not pay for, such as deductibles, copayments, and coinsurance.
There are 10 different types of Medigap plans, labeled A through N, each with its own set of benefits. In this article, we will explore the differences between these plans and help you determine which plan may be right for you.
Medicare Supplement Plan A: This is the most basic Medigap plan, offering the least amount of coverage. It covers Medicare Part A coinsurance and hospital costs for up to an additional 365 days after Medicare benefits are used up, and Part B coinsurance or copayment.
Medicare Supplement Plan B: This plan offers slightly more coverage than Plan A, including coverage for the Medicare Part A deductible. However, it does not cover excess charges for Medicare Part B.
Medicare Supplement Plan C: Plan C is no longer available to new enrollees as of January 1, 2020, but those who enrolled prior to that date may keep their coverage. It covers everything that Plan B covers, as well as the Medicare Part B deductible and excess charges.
Medicare Supplement Plan D: This plan covers everything that Plan B covers, but does not cover the Medicare Part B deductible or excess charges.
Medicare Supplement Plan F: Plan F is the most comprehensive Medigap plan available. It covers everything that Plan C covers, as well as the Medicare Part B deductible and excess charges. However, it is no longer available to new enrollees as of January 1, 2020, but those who enrolled prior to that date may keep their coverage.
Medicare Supplement Plan G: This plan is similar to Plan F, but does not cover the Medicare Part B deductible.
Medicare Supplement Plan K: This plan offers less coverage than the previous plans, but also has a lower premium. It covers 50% of Medicare Part A coinsurance and hospital costs, as well as 50% of Part B coinsurance or copayment.
Medicare Supplement Plan L: Plan L is similar to Plan K, but offers more coverage. It covers 75% of Medicare Part A coinsurance and hospital costs, as well as 75% of Part B coinsurance or copayment.
Medicare Supplement Plan M: This plan offers similar coverage to Plan D, but also covers 50% of the Medicare Part A deductible.
Medicare Supplement Plan N: Plan N is similar to Plan G, but requires you to pay copayments for some doctor visits and emergency room visits.
It is important to note that while all Medigap plans offer the same benefits across all insurance providers, premiums may vary by provider. Additionally, not all plans may be available in all areas.
In conclusion, understanding the differences between the 10 different types of Medicare Supplement plans can help you make an informed decision about which plan may be right for you. Consider your current and future healthcare needs, as well as your budget, when choosing a plan. It is also important to compare costs and benefits across different providers before making a final decision.
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Article By Rolando Arellano J.D. – Rolando is a graduate of law school, did a postdoctoral at Harvard Law School, also has taught at the University of San Francisco, now dedicates himself to helping people navigate the complexities of Medicare and making sure they get the correct plan so our seniors get the health services they need in their gold ages.
Hello, my name is Rolando Arellano and I am the President of AYA and Associates who are the creator of YOURMEDICARE.
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