Medicare Supplement Plan L offers less coverage compared to other Medigap policies. However, Plan L has an out-of-pocket cap spending, which may provide a practical and convenient choice for some beneficiaries.
Medigap offers 10 standardized plans available in most states, each covering different out-of-pocket expenses. Other states, such as Massachusetts, Wisconsin, and Minnesota, have their own standardized plans.
Medigap Plan L Services
This plan offers the following coverage:
Hospitalization – Plan L covers Part A coinsurance and 365 additional days after Medicare benefits end (100% coverage).
Medicare Supplement Plan L offers 75% coverage for the following:
Blood Supply – The first three pints of blood used in a medical operation.
Hospice Care – The plan pays for Part A coinsurance.
Skilled Care – Access to skilled nursing facility care.
Part A – Hospitalization deductibles.
Part B – Coinsurance for medical assistance (doctors cannot charge more than 15% of stated Medicare-approved amount).
Medicare Supplement Plan L has a high level of cost-sharing. This means that beneficiaries still need to pay for selected out-of-pocket expenses.
Depending on the plan that you choose, you may have to pay for deductibles and other payables before you receive the benefits. Get in touch with us and we will provide you with the detailed coverage and costs.