Medicare Supplemental Plans cover some of the gaps (costs) of the Original Medicare Part A and Part B. In the past few years, 10-different types of Medigap plans were developed. These plans are identified using an alphabetic letter (for example, Plan A, Plan F, Plan M). Additionally, there is a high deductible version of Medicare Supplemental Plan F.
Basic Facts of Medicare Supplement Plans
In general, all insurance service providers offer Plan A. If an insurance company doesn’t sell Plan A, it must sell either Plan F or Plan C. Regardless of the insurance company, the plans have standardized benefits. For instance, Medicare Supplement Plan A in Texas has the same benefits of Plan A in Montana.
In the past few years, Medicare Supplement Plans J, I, H and E was canceled. This means new insurers cannot choose these plans. Yet, if you are covered by these policies, you can continue using its features.
Some states offer Medicare SELECT plans. These plans work only in certain hospitals and network providers.
Understanding the Benefits of Medicare Supplement Plans
Medicare supplemental plans are extremely famous! These plans have helped insurers save thousands of dollars on their medical bills. In general, the supplemental plans cover copayment and coinsurance on hospital expenses. And, it can be used 365 days after your Original Part A expires.
All Medicare Supplement Plans handle the following:
- Hospice Coinsurance and Copayment of Medicare Part A
- Coinsurance and Copayment of Medicare Part B
- 3 pints of blood for your medical treatments (approved)
Medigap Plan A is believed to both comprehensive and advantageous.
Understanding the Medicare Part A charges handled by Medicare Supplemental Plans
Before you buy a Medicare supplemental plan in 2019, you must be aware of the costs covered. In all cases, the following Medicare Part A costs are covered by any supplemental plan:
- Medigap supplement plan cover between 50 and 100 percent of Part A hospice expenses. The coverage depends on the supplemental plan you choose.
- Medigap plans cannot be used to cover Part A deductibles.
- Medigap supplement plans cover coinsurance for in-patients and stay in skilled nursing facilities.
- Foreign travel coverage
What is exempted in Medigap Plans?
Medigap supplemental policies don’t cover the following:
- Private nursing duties
- Hearing gears
- Dental checkups
- Vision checkups
- Long-term financial support in nursing homes