Medicare Supplement Plan D

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Plan D is a Medigap policy that helps supplement Original Medicare. Medigap plans cover things like out-of-pocket expenses, coinsurance, deductibles, and co-payments.

Medigap Plan D provides beneficiaries with a decent amount of coverage. Below we discuss Medicare Plan D benefits, eligibility, costs and more.

Medicare Supplement Plan D

The federal government standardized Medigap benefits; therefore, every Plan D has the same exact coverage, no matter which company you select.

Medicare Plan D covers the Part A deductible; this is one of the biggest things beneficiaries need to look for when considering a policy.

The Part A deductible isn’t an annual deductible; it’s based on hospital admissions. So, if you’re inpatient at the hospital 4 times in a year, you could pay the deductible 4 times.

Medigap Plan D Coverage

Medicare Supplement Plan D covers the Part A hospital and coinsurance costs up to 365 days after Traditional Medicare ends. This policy also covers Part A hospice coinsurance and copayments.

Also, Plan D provides beneficiaries with coverage on the Medicare Part B coinsurance and copayments. Plan D offers coverage for the first 3 pints of blood, Skilled Nursing Facility care coinsurance and foreign travel emergency.

Medicare Part B deductible isn’t covered under Plan D; however, the Part B deductible is a small annual deductible.

Also, the Plan D Medicare Supplement doesn’t cover Part B excess charges.

An excess charge is applied if the provider charges more than Medicare’s allowed amount.

Medigap Plan D has great benefits overall; it covers everything except the Part B deductible and excess charges.

Although it’s beneficial to compare the cost of Plan F to Medigap Plan G, those plans have more complete benefits.
Plan D MMedicare Supplement Plan D Comparison Chart for 2020edicare Supplement Plan Chart 2020

Plan D is Perfect for Beneficiaries Who:

  • Want a good amount of benefits
  • Are looking for a plan with a stable rate increases year over year
  • Don’t want to be concerned about unexpected out of pocket medical costs while at the hospital
  • Like to travel overseas

How Medicare Supplement Plan D Works

Let’s say Stacy has Medigap Plan D when she has a stroke. Well, this Medigap policy covers the Part A hospital deductible and the Part A coinsurance. Thankfully, the only cost outside the premium is the Part B deductible and Part B excess charges. Stacy chose this policy because Plan G was substantially higher in her area; also, she lives in Connecticut where doctors can’t charge Part B excess charges.

So, Medicare Supplement Plan D is a great option for Stacy, it acts as a Plan G in her area but costs less. By working with an agent Stacy was able to get the best policy for her in the area she resides.

Medigap Plan D Eligibility

You’ll make the final choice for your policy; if you decide to go with Medicare Supplement Plan D, you must be eligible. You must have Medicare Part A and B to enroll in Medicare Plan D.

If you’re new to Medicare, you may qualify for a Guaranteed Issue right. This will allow you to enroll in Medigap plan D without going through medical underwriting.

Guaranteed Issue (GI) takes place when your 65th birthday and Part B both go into effect. This period lasts for 6 months and it’s known as your Medicare Supplement Open Enrollment Period.

GI can be granted outside of the Medigap Open Enrollment Period. This usually happens when beneficiaries experience an involuntary loss of coverage.

Beneficiaries eligible for Medicare in 2020 can access Plan D will GI rights due to coverage loss. Those eligible prior to 2020 will have GI rights to Plan F and Plan C when losing coverage.

Medicare Supplement Plan D Insurance Carriers

Beneficiaries with Aetna Plan D benefits have the same coverage as beneficiaries with a Mutual of Omaha Plan D.

Many different carriers across the nation offer Medicare Plan D insurance. Although, if an insurance carrier offers the plan in one state, that doesn’t mean they offer it in every state.

Talking to a licensed insurance agent about the plans available in your area is the easiest way to save time and money. You can reach an agent licensed in your state by calling the number above.

Plan D Medicare Costs

Medicare Plan D out-of-pocket expenses aren’t huge. However, unless the premium is substantially lower than Plan G, you may want to opt for the higher coverage policy.

Plan D costs will vary based on location, age, gender, health, as well as the company. Also, just because a company has the lowest supplement premium this year, that doesn’t mean next year won’t have a high rate increase.

When you select a Medigap company, choosing one with lower rate increases should be one of your top priorities. To get the most accurate cost of a Plan D, contact one of our licensed insurance agents in your state by calling the phone number above.

Medigap Plan D Prescription Drugs

Plan D is one of 10 Standardized Medigap policies available. Part D (drug coverage) is not the same as Plan D; Plan D doesn’t cover prescriptions.

Although, none of the Medigap plans on the market today include prescriptions.

Medigap Plan D, just like other Medicare Supplement Plans, doesn’t cover Part D prescription drugs. However, you can easily purchase a Part D drug plan in your state.

Beneficiaries that didn’t enroll in Part D when they were first eligible may incur a Part D late enrollment penalty. However, those with low income may qualify for Extra-Help paying for prescription drugs.

Plan D vs Plan N

Cost is a huge factor when recommending a policy. Insurance agents understand that Plan D could make more sense if the premium makes sense. Also, if Plan N has a much lower premium than Plan D, the N option could be more beneficial.

Now, sometimes neither of these policies make sense, Plan  F and Plan G have been the most popular coverage option for years. Now that Plan F is going away in 2020, Plan D and Plan N are getting more traction. Then, Plan G becomes the most comprehensive policy available.

Both Plan D and Plan N fail to cover Part B excess charges as well as the Part B deductible. These expenses can certainly add up; so, if you select one of these policies it’s important to set aside money in case it’s needed. The best way to ensure a policy suits your lifestyle is to consult an agent. Comparing plans with actual rates makes the decision process a lot easier.

Compare Rates for Medicare Supplement Plan D

Staying up to date with all the constant Medicare changes is an impossible task for someone not in the Medicare space. Our team of licensed agents is always dedicated to making sure you’re kept up to speed on your Medicare benefits at all times.

Our services are always free. If you choose to sign up through us, you’ll receive all the unlimited support you need from our Client Service Team. That means, if you have any issues or questions about your coverage or claims, we’re here to help!

Call us today! Or, fill out our rate form application to compare plan rates online with the top carriers in your area today!