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Medigap Plan L

Medicare Supplement Insurance plans, also known as Medigap plans, help pay the out-of-pocket costs that remain after Original Medicare plans pay their approved portion of your health care costs. There are currently ten plans available, each offering a specific arrangement of valuable benefits. Some plans, like Plan L, are cost-sharing plans, which require members to pay a portion of costs covered by the Medigap plan. This is what you can expect from Medigap Plan L.

Medigap Plan L Benefits

When you enroll in a cost-sharing based Medigap plan, you will have to pay a portion of the costs associated with any Medicare-approved services. With Plan L, you only need to pay 25% of these costs. Here are the benefits included in Medigap Plan L:

  • 100% coverage of Medicare Part A coinsurance and hospital costs for up to 365 days after your Medicare benefits run out.
  • 75% of Medicare Part A hospice care coinsurance and copayments
  • 75% coverage of Medicare Part A deductible
  • 75% coverage of Medicare Part B coinsurance and copayments
  • Medicare Part B excess charges
  • 75% coverage of skilled nursing facility care coinsurance
  • 75% coverage for blood to be used in a medical procedure, up to 3 pints.

Keep in mind that Plan L does not pay any out-of-pocket costs associated with your Part B deductible or excess charges. It will also not pay for foreign travel health emergencies. These costs must be covered directly by you.

Medigap Plan L Costs

Medigap Plan L and Medigap Plan K are both cost-sharing plans, but Plan L offers significantly more coverage. Therefore, Plan L is more expensive than Plan K. Because Medigap plans are provided by private insurance companies, there are no standardized rates. Though, as a general estimate, you can expect to pay somewhere between $100 and $200 for Medigap Plan L.

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Join Medigap Plan L Now

If you need Medigap coverage, but don’t need a comprehensive plan, Plan L may be the right choice for you. Work with an insurance agent to find out if this plan is a good fit. Call Rothrock Insurance Solutions now to get started with a free quote. You can reach us at 888-828-4060.