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.
Still have questions, or need more information on how to pick the plan that is right for you?
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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)||❌|
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It can be difficult to know whether or not you have proper coverage, but we can help! It’s our passion to provide peace of mind and ensure that you are well informed of your options and receive the best possible rates. Please feel free to call us at anytime, even if it’s just to chat.