What Does Medigap Plan K Cover?
Medicare Supplement Plan K includes an annual out-of-pocket limit of $5,560. Original Medicare, on the other hand, does not offer this benefit. If you happen to reach your out-of-pocket limit, Medigap Plan K might cover all of your Medicare-covered costs for the remainder of the year.
Medicare Supplement Plan K also covers half of these costs left over from Original Medicare:
- Medicare Part A deductible
- Medicare Part B copayment
- Medicare Part A hospice care copay
- Skilled nursing facility care coinsurance
- First three pints of blood for an approved medical procedure
Plan K does not cover Part B’s deductible, excess charges, or a foreign travel emergency.
What makes Plan K a popular choice is the lower premiums. If you do not visit the doctor’s office or hospital frequently, it might be wise to share some of the medical expenses so you save on monthly premiums.
Turning 65 Solutions can assess your situation and offer you a plan that fits your budget and healthcare needs.