Medicare Supplement 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. The out of pocket maximum for Plan L for 2020 is $2940 and for 2021 it is $3110.
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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DO NOT OVERPAY FOR MEDICARE COVERAGE
There is no charge to clients for our services. We would be honored to help walk you through this process!