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Medicare Supplement Plan L

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Medicare Supplement Plan L does offer some attractive benefits. However, the cost-sharing may or may not work for you. With a cost-share plan, you’re responsible for some of the healthcare costs, but not all. Plan L certainly has more coverage than Medicare alone.

What’s Covered Under Medicare Supplement Plan L

Medigap Plan L isn’t the most comprehensive coverage; however, it boasts good coverage at a slightly lower premium.

Plan L will cover in full:

  • Part A coinsurance and hospital costs
  • Up to an additional 365 days after Medicare benefits are exhausted

Plan L will cover 75% of:

  • Part B Coinsurance
  • First 3 Pints of Blood
  • Part A deductible
  • Part A Hospice Care Coinsurance
  • Skilled Nursing Facility Coinsurance

As you can tell, Plan L isn’t a bare-bones policy. Coverage exists where coverage is needed.Medicare Supplement Plan L Comparison Chart 2021

Plan L is Ideal for Those Who:

  • Want a lower monthly premium
  • Don’t travel outside the U.S.
  • Are not concerned about excess charges

What’s the Maximum Out of Pocket with Plan L

If you’ve been confused by the term Maximum Out of Pocket, fear no more. The MOOP is a protection or safety net designed with you in mind. This is the most you can pay in a calendar year on covered services. For Plan L, the MOOP is $2,940. Although this amount could change annually.

This means if you develop a severe illness and find yourself in and out of the hospital, the most you’ll pay outside your premium is $2,940.

So, once you’ve spent that much on healthcare, you can expect 100% coverage from your carrier on any further covered services during the year.

Does Medigap Plan L Come with Prescription Coverage?

If you have a Medicare Supplement, you’re covered when the hospital is administering prescriptions. However, you’ll need a stand-alone Part D policy to get prescription medication covered that you take at home.

How to Enroll in Medigap Plan L

Our licensed insurance agents offer time to you, absolutely free. Since Medicare continually changes, it’s nice to have a personal agent in your corner.

Our agents can help answer your pre-enrollment questions, learn about eligibility, and apply for coverage. Once you become a member, our client care team will keep you informed on Medicare changes as well as assist you with claims and appeals.

Having a policy with us means a team of people that care about your coverage just as much as you are available to call anytime.

Get started by giving us a call at the number above. You can also complete our online rate comparison form to see Plan L rates side by side from all the top carriers near you.

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