Medicare Supplement Plan M offers the same benefits as those found in Medigap Plan D. The main difference is that policyholders pay half of Part A deductibles in a Medigap Plan M policy.
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 M Services
This plan offers the following coverage:
Hospitalization – This plan covers Part A coinsurance, as well as coverage for 365 days after Medicare benefits end.
Medical Expenses – It also pays for Part B coinsurance or 20% of Medicare-approved expenses. The plan could also cover copayments for outpatient hospital services.
Blood Supply – The first three pints of blood are covered each year.
Hospice Care – The plan pays for Part A coinsurance and copayments.
Additionally, Medicare Supplement Plan M covers the following services:
- 50% of Medicare Part A deductibles
- Travel emergency coverage (80% of approved costs up to plan limits)
- Skilled nursing facility care coinsurance
Medicare Plan M does not cover Medicare Part B deductibles and excess charges.
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.