Medicare Supplement Plan K
Medicare Supplement Plan K offers you the same basic benefits as other supplements, but with lower premiums. For example, this plan will still cover preventive care services and give you an extra year in the hospital. However, you split the cost-sharing with the insurance carrier on certain items like the Part A deductible. You also agree to pay the Part B deductible and any excess charges.
Medicare Plan K also includes a cap on your spending called an out-of-pocket maximum. For instance, let’s say you have a year with a lot of medical treatments. If your out-of-pocket spending reaches the maximum limit, then your Medigap K policy will kick in to pay all of the rest for that year.
|Medicare Part A coinsurance and coverage for hospital benefits||✔|
|Medicare Part B coinsurance or copayment||50%|
|Blood (first three pints)||50%|
|Hospice Care coinsurance or copayment||50%|
|Skilled Nursing Facility Care coinsurance||50%|
|Medicare Part A deductible||50%|
|Medicare Part B deductible||❌|
|Medicare Part B excess charges||❌|
|Foreign Travel Emergency (up to plan limits)||❌|