Medicare supplement plans (Medigap) are basically the policy that private insurance companies offer to supplement the original Medicare. There are 10 Medigap plans that are standardized by the federal government, and those plans are represented by the letters A, B, C, D, F, G, K, L, M, and N.
Medicare Part A coinsurance and expenses in the hospital that is up to and extended 365 days after the original Medicare is used is covered by all the Medigap policy. The Medicare Part B copayment or coinsurance, the first three pints of blood, and the Medicare Part A hospice copayment or coinsurance are covered by Medigap A, B, C, D, F, G, M, N 100%, 50% coverage for K, and 75% for L. The skilled nursing facility or SNF coinsurance does not cover Medigap insurance A & B, but fully covers C, D, F, G, M and N, provides 50% assistance to K, and 75% to plan L.
The Medicare Part A deductible is not part of plan A, offered by plan B, C, D, F, G and N, 50% coverage for K and M, and 75% cover for L. The Medicare Part B deductible is only offered by plan C and F, and the others do not. Medicare Plan B excess charges are covered only for plan F and G, and not in others. Foreign emergency travel (depending on plan limits) does not include plans A, B, K and L, and gives 80% coverage for the rest. And for the out-of-pocket limit, only plan K provides $5,620 and plan L with $2,620, and the rest of the plans do not.
Using a website like www.Medisupps.com to enroll in Medicare supplement plans in 2019 gives you the freedom to journey and look for medical help for whatever disease or illness you have, because Medigap has a wide range of coverage. You don’t have to worry about abrupt out-of-pocket expenses because Medigap takes care of that, and you can even choose your own doctor or hospital without any referrals needed from the private insurance company, as long as the hospital or the doctor caters to Medicare. Medigap also pays 20% of the excess expenses from the Part B insurance, which is a lot of with the running expenses. And the best thing is, as long as you are prompt with your monthly premium payment, your Medicare supplement plan will not be cancelled, no matter what your age and medical condition is.