Medigap Plan M
Medigap Plan M is very similar to a Medigap Plan D. It offers, all the same coverage with the exception of the Part A Deductible. With a Plan M Medicare Supplement, the insurance company pays half the deductible, and you pay the remaining half. In 2016, the Part A Deductible is $1,288 per benefit period.
Plan M covers 7 of the 9 Medicare Supplement Benefits.
A Medigap Plan M can be a good value. When shopping, Medigap Planners highly recommends comparing Medigap Plan M rates against other plans in your area.
To see a benefits chart comparing all plans click here.
Medigap Plan M Covers:
50% Medicare Part A Coinsurance (Hospital)
Medicare Part B Coinsurance (Medical)
Blood (First 3 Pints)
Part A Hospice Care Coinsurance and Copay
Skilled Nursing Facility Care Coinsurance
Part A Deductible
Foreign Travel Emergency
Medigap Plan M Does Not Cover:
Part B Deductible
Part B Excess Charges
Covered Part A Costs (Hospital) per *Benefit Period with a Medigap Plan M
* A benefit period begins when you receive services as an inpatient in a hospital. It ends after you have been out of the hospital and have not received skilled care in other facility for 60 consecutive days. All Part A copayments and deductibles start new with the beginning of each new benefit period.
Covered Part B Costs (Medical) with a Medigap Plan M
*You will only be billed the $166 Part B Deductible once per calendar year regardless of the service.
Covered Part A and B Costs with a Medigap Plan M
*You will only be billed the $166 Part B Deductible once per calendar year regardless of the service.
Medigap Plan M Pros and Cons
Pros:
Comprehensive Coverage
Competitive Pricing
Low Rate Increase History
Cons:
Unpredictable Expenses
Rarely Offered
Follow Us