Elementor #1011
WHAT’S NEW FOR MEDICARE DRUG PLANS IN 2024? Medicare’s open enrollment period is officially in full swing!
October 9, 2023
Medigap Plan K
Medigap Plan K is a Medicare Supplement plan that partially covers certain out-of-pocket expenses. While not as comprehensive as the preceding gap policies, it does limit yearly out-of-pocket expenses.
What is covered?
Medigap Plan K covers:
- 100% of Medicare Part A coinsurance and hospital costs, up to an additional 365 days after Medicare benefits are used
- 50% of Medicare Part B coinsurance or copayment
- 50% of first 3 pints of blood
- 50% Part A Hospice coinsurance or copayment
- 50% Skilled Nursing Facility coinsurance
- Covers 50% of Part A deductible
Additionally, Plan K limits the out-of-pocket expenses you can expect to pay. In 2020, that limit is $5,880.
What is not covered?
Medigap Plan K is a Medicare Supplement Plan that partially covers many out-of-pocket expenses. It does not cover the Part B deductible, the Part B excess costs, or foreign travel emergency coverage.
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