To be eligible for Medigap plans, you must first be enrolled in Medicare A and B. There are 10 Medigap plans to choose from. To give you a better understanding of each, here we will compare Medicare supplemental insurance plans in detail.
This is the basic plan. Its coverage includes: Medicare Part A coinsurance, Medigap coverage for hospital benefits, Medicare B coinsurance, Medicare B copayments, first three pints of blood, Part A hospice care coinsurance or copayments, and Medicare preventive care Part B insurance. By law, all Medicare Supplement insurance carries must offer this plan.
This plan has all the same benefits as Medigap Plan A in addition to paying the hospitalization deductible for Medicare Part A.
Plan C also has the same benefits as Plan A and B. Additionally, it covers Medicare Part B deductible and foreign emergency travel. It also serves as a coinsurance for skilled nursing facility care.
This plan covers everything that plan C covers, except for the Medicare Part B deductible.
Plan F has the most coverage. It has the same coverage as Plan C, in addition to Medicare Part B excess charges. With this high deductible plan, you must pay for Medicare-covered costs up to the deductible amount of $2,000 in 2010 before your Medigap plan pays anything
With Medigap Plan G, you get the same coverage as Plan F, minus the Medicare Part B deductible. It is not a high deductible plan.
Medigap Plan K covers the following: Medicare Part A coinsurance, 50% Medicare B Coinsurance or deductible, 50%of the first three pints of blood, 50% Part A hospice care or coinsurance, 50% skilled nursing facility care coinsurance, 50% Medicare Part A deductible, and 100% Medicare preventative care Part B coinsurance.
Plan L has the exact same coverage as Plan K, except that where Plan K covers 50% of costs, Plan L covers 75%.
This option has the same coverage as Plan D with one exception: Plan M covers only 50% of the MEdicare Part A deductible.
Medigap Plan N and Medigap Plan C are the same. The only difference is that with Medigap Plan N, you are responsible for up to $20 in office visit copayments and up to $50 emergency room visits.