Every Medicare supplement plan is different. Some Medigap plans provide more coverage compared to others. Medicare Plan B is no different. Will Plan B Medicare supplement provide you the coverage and value you’re looking for?
Medicare Supplement Plan B
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. When you’re finished, make sure to check out the other Medicare plans available below.
What Medicare 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.