Medicare Supplement Plan B
Every Medicare supplement plan is different. Some Medigap plans provide more coverage compared to others. Medicare supplement Plan B is a very basic plan that can leave you with some coverage gaps. Since it offers you less coverage, Plan B will be less expensive when compared to plans with more benefits. Let’s dive deeper into Plan B.
What Medigap Plan B Covers
Medigap Plan B, also known as Medicare Supplement Plan B, provides identical benefits as Medigap Plan A with a little more coverage. Plan B will pay for your Part A hospital deductible which is over a thousand dollars.
This is a big benefit because this deductible will usually go up a bit every year. With Medicare Supplement Plan B, you’ll never stress about this deductible increasing in the future.
What Medicare Supplement Plan B WON’T Cover
Medicare Supplement Plan B does not cover your Skilled nursing facility care coinsurance, Medicare Part B deductible, Medicare Part B excess charges and your Foreign travel emergency (up to plan limits).
|Medicare Supplement Benefits||Plan B covers?|
|Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used||YES|
|Medicare Part B coinsurance or copayment||YES|
|Blood (first 3 pints)||YES|
|Part A hospice care coinsurance or copayment||YES|
|Skilled nursing facility care coinsurance||NO|
|Part A deductible||YES|
|Part B deductible||NO|
|Part B excess charges||NO|
|Foreign travel emergency (up to plan limits)||No|
Medigap Plan B & Medicare Part B are Different!
Medicare can get really confusing. Especially when they use the same letters for entirely different things.
Let’s look at the differences of Medigap Plan B and Medicare Part B:
- Medigap Plan B, also referred to as Medicare Supplement Plan B is a type of insurance designed to cover the gaps of Original Medicare. There are many Medicare supplemental plans to buy. Plan B is just one of them.
- Medicare Part B refers to Medicare’s outpatient medical coverage. It is bought directly from Social Security.
You need to have Medicare Part B for outpatient services such as lab work, doctor visits, durable medical equipment and more. Keep in mind, Medicare generally pays 80% of these services. A Medigap plan can help pay the remaining 20%.
It’s important to not confuse the two – if you’d like to sort through the differences, give us a call. We’re here to guide you through this process.
At REMEDIGAP, you’ll get one-on-one help from a licensed Medicare supplement insurance agent. Simply give us a call at 888-411-1329. You can also request free online Medigap quotes here.