Medigap Plan K – Benefits and Coverage
|Medigap Plan Benefits||Plan K|
|Medicare Part A Coinsurance & Hospital Costs – up to an additional 365 days after Medicare benefits are used up|
|Medicare Part B Coinsurance or Copayment||50%|
|Blood(First 3 Pints)||50%|
|Part A Hospice Care Coinsurance or Copayment||50%|
|Skilled Nursing Facility Coinsurance||50%|
|Medicare Part A Deductible||50%|
|Medicare Part B Deductible|
|Medicare Part B Excess Charges|
|Foreign Travel Emergency (up to plan limits)|
Texas Medigap Plan K is designed to offer lower premiums when you accept some responsibility for a portion of the cost-sharing in several areas. For example, in 2018 the Part A deductible is $1,340. With Plan K you’d pay $670 while your insurance carrier would cover the rest.
Another thing that makes Medigap Plan K different from most other plans is that it has a maximum out-of-pocket. This means once you have spent a certain amount out-of-pocket within the calendar year, the plan will pay 100% of your medical expenses. As of 2018, Plan K’s maximum out-of-pocket limit is $5,240.
Medigap Plan K might be a cost-effective plan for you if you don’t go to the doctor or hospital often.
Our family-owned agency can assist you with Plan K information such as:
- Monthly premiums for each insurance carrier that offers a Plan K medicare supplement
- Financial ratings of the carriers
- Up-to-do rate trending history
For help with quotes for a Plan K policy today, call us and speak with a friendly agent. Request help online here:Get Help Now