Policyholders are still responsible for paying Medicare Part A and Part B deductibles. In 2023, Medicare Part A deductible for each benefit period is 1600$ whilst the Part B annual deductible amount is 226$. They are also still on the hook for their own skilled nursing facility care coinsurance, Part B excess charges, and costs for foreign travel emergencies. But Plan A might be a popular choice for people who want to avoid paying higher premiums for benefits they may not use. The average monthly premium for Medigap plan A may be from 110$ to 180$ a month. Factors that may influence your monthly premium costs are your ZIP code, gender, age, tobacco usage, your enrollment period, etc.
Beneficiaries will also not be covered for private duty nursing, prescription drugs, vision care, dental care, and long-term care.
Medigap plan A maybe don’t cover that much but it may be good for those who are. not worried about higher out-of-pocket costs, don’t travel abroad, and want to pay less for their monthly premium.