Texas Medigap Plan L – Benefits and Coverage
|Medigap Plan Benefits||Plan L|
|Medicare Part A Coinsurance & Hospital Costs – up to an additional 365 days after Medicare benefits are used up|
|Medicare Part B Coinsurance or Copayment|
|Blood (First 3 Pints)||75%|
|Part A Hospice Care Coinsurance or Copayment||75%|
|Skilled Nursing Facility Coinsurance||75%|
|Medicare Part A Deductible||75%|
|Medicare Part B Deductible|
|Medicare Part B Excess Charges|
|Foreign Travel Emergency (up to plan limits)|
Texas Medigap Plan L pays 75% of the cost-sharing for the described benefits checked above. It does not cover the Medicare Part B deductible or Excess charges, and does not have the Foreign Travel Emergency Benefit. This plan can be a great fit for people who want lower premiums in exchange for them taking on more of the back-end cost-sharing. You agree to pay these other items yourself.
Medigap Plan L Out-of-Pocket Limit
All Medigap Plan L policies have an out-of-pocket maximum limit each year. In 2018, this limit is $2620. This means if you spend $2620 out-of-pocket, then the insurance company picks up 100% for the rest of the year. This cap serves to protect you from catastrophic health spending.
Plan L offers a great value, but it is not as popular as Plan F, G or N. Therefore, some insurance companies do not sell Medigap Plan L. Our agency can help you find companies in your area that offer this plan.
Our friendly agents can also help you with Medicare Supplement L information such as:
- Monthly premiums for Plan L from certain insurance companies that you may want to consider
- The financial ratings of those carriers according to the big ratings companies
- History of rate increases by the insurance company
For help with quotes for a Plan L insurance, call our helpful staff today or make an online help request: