Medicare – Plan L
Medicare Supplement Plan L policy also includes a cap on your expenses. This is referred to as your out-of-pocket limit or maximum. Medicare sets this limit annually, and in 2018, the limit for Plan L is $2,620. This means that if in any one calendar year your spending reaches $2,480 in Medicare-approved covered expenses, then the Medigap insurance carrier pays the rest. The cap makes it much easier to agree to share in 25% of the costs on the items listed because you know that even if a year of bad health occurs, you won’t have more exposure than the maximum cap figure.
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Medicare Supplement Plan L
|Medicare Part A coinsurance and coverage for hospital benefits||✔|
|Medicare Part B coinsurance or copayment||75%|
|Blood (first three pints)||75%|
|Hospice Care coinsurance or copayment||75%|
|Skilled Nursing Facility Care coinsurance||75%|
|Medicare Part A deductible||75%|
|Medicare Part B deductible||❌|
|Medicare Part B excess charges||❌|
|Foreign Travel Emergency (up to plan limits)||❌|