Medigap Plan M
Medigap Plan M follows the low premium policy making it a good option for people who can cover out-of-pocket health costs and seldom visit healthcare facilities.
It is almost similar to Medigap Plan D, except that it offers over 50% coverage for your Part A deductible. Even as a cost-sharing Medigap plan, its monthly premium charges are lower than other Medicare Supplement plans.
Medigap Plan M Coverage
Among the three cost-sharing plans that include Plan K and L, Plan M provides the most comprehensive coverage options.
Medicare Plan M coverage offers:
- Part A hospital coinsurance costs for up to 365 days until the Medicare benefits end
- Part A hospice care coinsurance and copayments
- Part B coinsurance and copayments
- Three pints of blood for transfusions or medical procedures
- 50% of Part A deductible
- 80% of foreign travel emergency costs
It is important to note that Plan M does not cover Part B’s deductible or excess charges.
It also offers no out-of-pocket limit, which means you have to pay any out-of-pocket costs that Original Medicare or Plan M does not cover.
Moreover, Medigap Plan M does not cover prescription drugs, or other extra benefits such as vision, dental, or hearing care services.
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Is Medigap Plan M Right For You?
As all the Medicare supplement plans offer standardized benefits, Plan M also covers the same basic benefits regardless of the location or the insurance company selling it. Thus, we recommend choosing a plan that allows you to receive the best healthcare services in your budget.
This is why it is important to compare Plan M with other Medicare Supplement plans before deciding.
Scott Sims Insurance Can Help You Make The Right Decision
Scott Sims Insurance will take you through the entire coverage benefits of Plan M so you can determine if they meet your coverage requirements.
All you need to do is get in touch with us to evaluate your health care needs. After the consultation. If you are ready to get started, call us today at (541) 915-0939.
