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Medicare Supplement (Medigap) Plan M

Medigap Plan M has similar benefits to other Medicare supplements. However, it grants a lower premium in return for you paying a portion of your Original Medicare deductibles.

What Does Medicare Supplement Plan M Cover?

Medigap Plan M covers the following:

Medicare Part B copayments
Part A hospice care copayments
50% of Medicare Part A’s deductible
Skilled nursing facility care coinsurance
The first three pints of blood for a medical procedure
80% of approved costs for foreign travel emergency (up to plan limits)
Medicare Part A hospital and coinsurance expenses for up to one year after Original Medicare benefits are expired

Medigap Plan M does not cover Medicare Plan B’s excess charges or deductibles, which helps keep your plan’s monthly premium low.

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Medicare Supplement Plan M Cost-Sharing

By sharing half of the cost of Medicare Part A’s deductible and paying Part B’s deductible ($198 in 2020), you will see that Medigap Plan M’s premium is less than some of the most extensive supplements. Ron Ray is a licensed Medicare agent who can help you determine which Medicare Supplement would be best for your healthcare and budget needs.

When Do I Enroll?

Whether you are interested in Medigap Plan M, Plan F, or another policy, consider enrolling during your six-month open enrollment span. This period starts on the first day of the month that you are 65 or over and registered for Medicare Part B. During the open enrollment, you are typically guaranteed fit to enroll in any Medigap insurance plan even if you have previous health conditions. The only requirement is that you must be enrolled in Original Medicare.

Nevertheless, you can apply for a Medicare Supplement plan anytime.

Are you interested in having your Medicare cost-sharing partially covered, or even fully covered? If so, contact the Medicare agents at Turning 65 Solutions. We can help you find a Medigap plan that suits your budget, as well as your healthcare needs. Call 830-217-6711.