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Medicare Insurance
Medigap Plan M
Posted in Medigap Plans
Medigap Plan M is the middle ground between general benefits, which is Plan A, and the robust benefits package of Plan F. It will also include financial protection against instances where long-term hospitalization or skilled-nursing facility stays are necessary.
Premiums for Medigap Plan M are slightly lower than other options, mainly because enrollees will split his or her private insurance companies, paying only 50% of costs.
Under Medigap Plan M, the following benefits and costs are covered:
- First three pints of blood for a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance
- Medicare Part A deductible costs
- Foreign travel emergency coverage (up to plan limits)
- Medicare Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance payment or copayment
- Medicare Part B copayment or coinsurance payment
- Part B preventive care coinsurance payment
With Plan M, 50% of Medicare Part A deductible is paid, whereas Part B deductible is paid entirely out-of-pocket by enrollees.
