In most states*, policies are standardized into plans labeled A through N. All policies cover basic benefits, but each has additional benefits that vary by plan.** Medicare Supplement insurance plans A through G provide benefits at higher premiums with limited out-of-pocket costs. Plans K through N are cost-sharing plans offering similar benefits at lower premiums with greater out-of-pocket costs. Some companies may offer additional innovative benefits.
Plan F
Plan F offers the basic benefits, plus coverage for both the Part A and Part B deductibles, skilled nursing care, emergency care abroad, and 100% of Part B excess charges (the difference between what a doctor or provider charges and the amount Medicare will pay up to Medicare's limiting amount). Plan F also has a high-deductible option that can lower your premiums.
- Moderate premiums
- Lower out-of-pocket costs
Plans K and L
These lower-premium policies cover a range of medical costs, including doctors' services and hospital care. The plan pays a percentage of your costs and you are responsible for a portion. Each plan has an out-of-pocket maximum, which limits the amount you will have to pay each year.
- Lower premiums
- Higher out-of-pocket costs, but subject to annual limits
Plan N
Plan N offers the same basic benefits. It includes an office copayment of up to $20 and an emergency room copayment of up to $50. The plan also covers costs for the Part A deductible, skilled nursing care, and emergency care abroad.
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