There are ten different Medicare Supplement Plans to choose from: A, B, C, D, F, G, K, L, M, and N. All plans cover Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up.
Some plans offer 80 percent of foreign travel exchange, which will be important to anyone who travels outside of the U.S. frequently. Medicare does not cover foreign travel, so if you are looking for a plan to supplement this area of coverage, look into plans C, D, F, G, M, or N.
The Plans in Sum
Plan C offers a comprehensive package covering all but Part B excess charges. These are the costs the doctor bills in excess of the Medicare-approved amount. Plan F tends to be more expensive than other supplement plans but offers a package that leaves nearly no hospital and medical expenses. Plan G is another popular option because once the deductible is met, it pays the remainder left over after Medicare. Plan N is suitable for people looking for lower premiums; for small copayments and a small deductible, you still get coverage for the remaining 20 percent.
The Plans in Detail
Under Plan A, your Part B coinsurance or copayment are covered. Your Part A hospice care coinsurance or copayment are also covered, along with your first three pints of blood.
Plan B covers the Part B coinsurance or copayment, along with your Part A hospice care coinsurance or copayment. Your first three pints of blood are covered, along with the Part A deductible.
Plan C offers coverage for the Part A deductible and Part A hospice care coinsurance or copayment. It also covers skilled nursing facility care coinsurance. The Part B deductible and Part B coinsurance or copayment are also covered. Plan C covers your first three pints of blood and 80 percent of foreign travel exchange.
Plan D covers the Part A deductible and Part A hospice care coinsurance or copayment. Skilled nursing facility care coinsurance is also covered, along with your first three pints of blood and 80 percent of foreign travel exchange.
Plan F covers the Part A deductible and Part A hospice care coinsurance or copayment. It also covers skilled nursing facility care coinsurance. The Part B deductible and Part B coinsurance or copayment are also covered. Part B excess charges are also covered. Plan F covers your first three pints of blood and 80 percent of foreign travel exchange.
Plan G covers the Part A deductible and Part A hospice care coinsurance or copayment. It also covers skilled nursing facility care coinsurance. The Part B excess charges and Part B coinsurance or copayment are also covered. Plan C covers your first three pints of blood and 80 percent of foreign travel exchange.
Plan K covers 50 percent of the Part A deductible and 50 percent of the Part A hospice care coinsurance or copayment. Fifty percent of the skilled nursing facility care coinsurance is covered, as well as 50 percent of your first three pints of blood. Plan K has an out-of-pocket limit of $5,880 for 2020.
Plan L covers 75 percent of the Part A deductible and 75 percent of the Part A hospice care coinsurance or copayment. Seventy-five percent of the skilled nursing facility care coinsurance is covered, as well as 75 percent of your first three pints of blood. Plan L has an out-of-pocket limit of $2,940 for 2020.
Plan M covers 50 percent of the Part A deductible. Part A hospice care coinsurance or copayment is covered, along with skilled nursing facility care coinsurance. Part B coinsurance or copayment is covered, as are your first three pints of blood. Plan M covers 80 percent of foreign travel exchange.
Plan N covers the Part A deductible and Part A hospice care coinsurance or copayment. Skilled nursing facility care coinsurance is covered, along with your first three pints of blood and 80% of foreign travel exchange.