Do you need an insurance policy to help cut
down on your growing Medicare costs in 2016?
down on your growing Medicare costs in 2016?
Find Affordable
Medicare Insurance
Medicare Insurance
Medigap Plan L
Posted in Medigap Plans
Medigap Plan L policies, which are offered by private insurance companies as supplemental coverage to fill the gaps in Original Medicare Part A and B coverage. Because of higher degree of cost-sharing these polices general have lower premiums than Plan F.
Because Medigap Plan L polices are offered by insurance companies instead of by the federal government, availability of these plans may differ. Not all companies will offer all 10 standardized Medigap Plans.
Plan L will cover the basic benefits of Medigap are are required to offer, but may not cover 100% costs.
Medigap Plan L will cover 100% of the costs of:
- Medicare Part B preventive care coinsurance
- Medicare Part A coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
Medigap Plan L will cover 75% preventive care co-insurance of:
- Medicare Part B coinsurance or copayment
- First three pints of blood used in a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance
- Medicare Part A hospice care coinsurance or copayment
- Medicare Part A deductible
