Medicare Plans by Turning 65 Solutions


Medicare Supplement (Medigap) Plan B

In terms of benefits, Medigap Plan B is similar to Plan A — except it also includes coverage of (Original) Medicare Part A hospital deductible. Part A’s hospital deductible is not an annual deductible. It is paid each benefit period. So, you may would have to pay it many times during the year unless you have a Medigap plan. However, Plan B is also one of the simplest  Medicare Supplement Insurance plans on the market.  All policies are standardized which means that each plan letter must provide the same amount of benefits nationwide (except Wisconsin, Massachusetts, and Minnesota which have different standardized policies). 


What Does Medigap Plan B Cover?

Plan B covers all of the health care costs associated with:

  • Part A hospital deductible which is 1600$ per each benefit period 
  • Part A hospice care coinsurance 
  • The first three pints of blood used in a medical procedure
  • Medicare Part B copayment
  • Medicare Part A copayments for inpatient hospital care for up to an additional 365 days after Medicare benefits are used up

Medigap plan B doesn’t provide the benefits of prescription drug coverage, vision, and dental care.

If you end up having multiple hospitals stays in a year, Medigap Plan B coverage could save you thousands of extra dollars. To see how much you could save with a Medigap policy, speak to licensed Medicare agent Ron Ray. This plan also can be good for policyholders who would like the minimum coverage of out-of-pocket costs at lower cost, because of low monthly premiums. Also, for those who don’t travel abroad, and aren’t worried about their budget because they will still need to pay coinsurance for other services that Original Medicare doesn’t pay 100%. 

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Enrolling in Medicare Supplement Plan B

As soon as your Original Medicare Part B plan is functional, you may enroll in any Medigap Plan. Once this requirement is met, you have a six-month window to sign up for a Medicare Supplement Insurance plan. This is typically your Initial Enrollment Period, and if you purchase your Medigap policy during this window you will not be denied based on pre-existing conditions.

But, you can enroll anytime. Beyond open enrollment, you just need to answer some basic health questions. However, you may be turned down based on your health conditions so, it is recommended to purchase a Medigap policy when you are first eligible. 

How Much Does Plan B Cost?

Each insurance company looks at the data in their area to set their own premium. Therefore, your gender, age, zip code, tobacco usage, and other aspects could influence the premium of your plan. However, the average monthly cost can be from 110$ to 210$ a month. As already established monthly premiums aren’t standardized which means that not all beneficiaries will have the same premium. To determine how much your premium will be, it is good to talk to an experienced agent before purchasing a policy. 

Each carrier is required to offer standardized coverage with each Medigap plan. Turning 65 Solutions can help you choose a carrier with low rates and a healthy rating.

 If you have questions about Medigap policies, give our office a call at 830-468-5896!