Medigap Plans

• Coverage of Plan A
• Also covers Medicare Part A hospital deductible, so you won’t be paying as much as $1,556 or more
• Pays the deductible multiple times in the same year
• The rate you pay for the same benefits can differ from Insurance Company to company, based on zip code, age, smoking, gender, and household discounts

Don’t confuse this with Medicare Part C!

• Coverage of plans A and B
• Doesn’t cover Medicare excess charges
• The excess charges are surcharges that can go 15% beyond what Medicare pays

• Covers the gaps in Medicare, including the 20% outpatient charges
• Does not cover the deductible
• Does not cover Medicare excess charges

• Covers all the gaps in Medicare, including deductibles and copays
• Switching your F carrier means you will have to answer health questions (underwriting)
• The rate you pay for the same benefits can differ from Insurance Company to company, based on zip code, age, smoking, gender, and household discounts
• There is also a special version of this plan called a High Deductible Plan F. This plan often includes very, very low monthly premiums coupled with protection from high out of pocket costs, by an Annual Maximum Out of Pocket, which is set annually by the Internal Revenue Service. With this plan, you can often save a thousand or more dollars a year in those years where you do not require many expensive medical procedures while preserving your ability to see ANY doctor, ANYWHERE, as long as they accept Medicare.

• Covers everything that Plan F does, except for the Part B deductible
• It pays for your hospital expenses during hospital stays, including the deductible
• Most outpatient care, except for the first $250

• Offers lower premiums with higher cost-sharing with the Insurance Companies.
• You would be paying parts A and B deductibles but you might also get an extra year in the hospital
• Covers all the same basic benefits

Medicare Supplement Plan K – Capped Out-of-Pocket Charges
The limit is set at $6,620, which is how much you might be paying annually. Any more than the cap and the insurance policy will be covering the rest of your expenses for the year.

• Also pays for preventive care services

• Offers reduced premiums for 75% of your medical expenses covered by your insurance carrier
• You will also be paying the Medicare Part B deductible and surcharges

Capped Out-of-Pocket Charges
The limit is set at $3,310, which is how much you might be paying annually. Any more than the cap and the insurance policy will be covering the rest of your expenses for the year.

• Cover the basics like other supplements do
• You pay lower monthly premiums
• You also pay full annual outpatient and half of the hospital deductibles

• With this Medicare Supplement plan, you pay lower premiums
• Plan covers the 20% Medicare doesn’t, hospital deductible, copays, and coinsurance
• Cost-sharing increases, such as $20 of doctor copay and $50 for an Emergency Room visit