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Medigap Plan K

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WHAT IS MEDIGAP PLAN K?

Plan K helps cover certain out-of-pocket costs associated with medical treatments for those on Medicare.

 

WHAT MEDIGAP PLAN K COVERS

Plan K covers certain services at a percentage. The only out-of-pocket expense Plan K fully covers is the Part A coinsurance and hospital cost.

 

Medigap Plan K offers 50% coverage for these costs:

● Medicare Part B coinsurance or copay
● First three pints of blood when getting bloodwork
● Part A deductible
● Part A coinsurance or copay for hospice care
● Coinsurance for care received in a skilled nursing facility
● In essence, Plan K can cut your out-of-pocket costs in half.

 

WHAT PLAN K DOESN’T COVER

Plan K does not cover foreign travel emergency care costs. It also does not cover the Part B deductible or excess charges.


OUT-OF-POCKET LIMIT

Medigap Plan K is one of two Medigap policies that have an out-of-pocket limit. Once you pay a certain amount out-of-pocket and you’ve paid your annual Part B deductible, Medigap Plan K pays for the entirety of covered services for the remainder of the year.

As of 2020, the annual Part B deductible is $198. The 2020 out-of-pocket limit is $5,880. For 2021, that out-of-pocket limit will be $6,220.

In other words (assuming the Part B deductible remains at $198), once you have paid $6,078 in 2020, you will get complete coverage for the rest of the year. For 2021, you will be able to get full coverage for all of Plan K’s coverage categories for the rest of the year after you have paid $6,418 out-of-pocket. *Rates are subject to change, and please get in touch with our Medicare Specialist for the current rates.

To get your questions answered about Medicare Supplement plans or help to pick the right plan for your medical needs, get in touch with our Medicare Specialist today.

Get The Right Medicare Plan Today

Dale Wondisford

MEDIGAP INSURANCE AGENT

13 Years experience helping hundreds of families ge the best insurance policy to meet their needs.

FREE CONSULTATION

Fill out the form to get your questions answered by Dale Wondisford wih a FREE no-obligation consulation.

laina roy
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I have had the opportunity to have meet Dale approximately 7 years now. I have never had someone take the time to check what’s the best way to insure myself. He does a very in depth review of what was going on with health issues and the medications, in order to place me with an insurance that’s going to save on my costs
Mark Poff
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Dale is very knowledgeable and experienced working with the many offered medicare plans finding the best plan that benefits his clients which he did for my wife and I. I highly recommend Dale as I totally respect his judgement of which plan is best for the client.
Richard Hibbard
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Dale is really helpful he will get you a answer to any questions you may have. He even got on a three way call so we could hear what was going on. He always returns your call promptly. Dale is very knowledgeable about all types of insurance. Very friendly and no pressure tactics to buy. Would highly recommend Dale.