Medigap plan L: Overview
Medicare supplements, also known as Medigap plans, are insurance policies that help pay for some of the costs that are not covered by Medicare. There are several different types of Medigap plans available, and each plan offers different benefits.
One of the most popular Medigap plans is plan L. This plan covers a wide range of costs, including Part A and Part B deductibles, co-insurance, and copays. It also offers coverage for skilled nursing care and foreign travel emergency care.
Medigap plan L Coverage
Along with the out-of-pocket maximum ($2,780 in 2019), Medicare Supplement Plan L also features 75% coverage of these benefits:
- Medicare Part B coinsurance or copayment
- Part A hospice care coinsurance or copayment
- Medicare Part A deductible
- First three pints of blood used in a medical procedure
- Skilled nursing facility care coinsurance
It also covers 100% of Medicare Part A coinsurance and hospital costs up to one year after Original Medicare benefits are used up.
Medigap plan L Enrollment
If you are interested in enrolling in Medigap plan L, you can do so at any time. There is no open enrollment period, and you can choose to enroll in the plan as soon as you become eligible for Medicare. You can also switch to plan L at any time, even if you have already enrolled in another Medigap plan.
If you are thinking about enrolling in a Medicare supplement, be sure to compare the different plans available to find the one that best meets your needs. Medigap plan L is a great option for many people, but it may not be the right choice for everyone. Be sure to consider all of your options before making a decision.
FOOTNOTES:
1. HDF and HDG are deductible versions of the F and G, respectively. If you choose one of these options, this means that you must pay for Medicare-covered costs up to the deductible amount of $2,490 (2022) before your Medigap plan pays anything.
2. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 copayment for emergency room visits that don’t result in an inpatient admission.
3. Plan F, High Deductible Plan F (HDF) & Plan C are ONLY available to those who were considered Medicare-eligible prior to 2020.
4. Out-of-pocket limits for Plan K are $6,620 (2022) and $3,310 (2022).
