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Medicare Supplement Plan L
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
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?
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.