Medicare Supplement (Medigap) Plan M is one of the newer 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.
Explore Medigap OptionsMedigap 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
- Medicare Part B coinsurance or copayment (100% covered)
- First 3 pints of blood (100% covered)
- Part A hospice care coinsurance or copayment (100% covered)
- Skilled nursing facility coinsurance (100% covered)
- Medicare Part A coinsurance and hospital costs (100% covered)
- Foreign travel emergency care (up to plan limits)
Plan M doesn't cover your Part B deductible or Part B excess charges.
If you are reviewing whether Medigap Plan M is appropriate for your goals, getting help from an independent agent who specializes in Medigap insurance can be beneficial. We can review premium rates with you to confirm that the savings are appropriate for your specific goals.
Medigap Plan M Insurance Carriers
Every Medigap carrier decides which plan it will offer consumers unless state law requires them to offer certain policies. Cost-sharing options can involve several complex details. 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 are contracted with many Medigap insurers in multiple states and can provide quotes over the phone.
Exploring Medigap Plan M Options
We specialize in Medicare Supplement plans - working with the leading Medigap insurance carriers nationwide. But we work directly for you! At Simple Retirement Benefits, we research carriers and rates for you to save you time and preserve your budget. If you would like to review your options in detail, please reach out to us today.