Medigap Plan M
Medicare Supplement (Medigap) Plan M is one of the new supplements. It’s known as the deductible-sharing plan.
Medigap Plan M could suit your needs if you don’t expect to go to the hospital often and feel you can afford the occasional cost-sharing.
Medigap Plan M Benefits
Plan M offers the same basic benefits as other Medigap policies, but it has a slightly lower monthly premium in return for you paying 50% of your hospital deductible and 100% of your yearly outpatient deductible.
50% Part A deductible
✔ Part B coinsurance
✔ First 3 pints of blood
✔ Part A hospice care coinsurance
✔ Skilled nursing facility coinsurance
✔ Part A coinsurance and hospital costs
✔ Foreign travel emergency — up to plan limits
Plan M doesn’t cover your Part B deductible or Part B excess charges.
Wondering if Medigap Plan M is right for you? Get help from an agent who specializes in Medigap insurance. He or she will review the differences in premiums and confirm that the savings are worth the risk of some expenditures.
Medigap Plan M Insurance Companies
Every Medigap carrier decides which plan it will offer consumers unless state law requires them to offer certain policies. Cost-sharing is often a difficult concept to understand, which can cause fear among many Medicare beneficiaries. That’s why we see fewer companies offering Plan M for sale. Tracking these companies down can be tedious — so work with a licensed agent at Simple Retirement Benefits. We’re contracted with many Medigap insurers in multiple states and can provide quotes over the phone. Call 512-432-5414 for immediate assistance!
