Medicare Plan L
For many people, Medicare Plan L will not provide the comprehensive coverage they’re looking for. The good news is that Medicare Supplement Plan L will provide full coverage for your Medicare Part A hospital costs and Coinsurance.
Plan L provides partial coverage for a variety of other benefits. Let’s look to see what Plan L covers. You can also look at the other plans available below.
Medicare Plan L – What does it cover?
- Medicare Part A Coinsurance & Hospital Costs (Covered)
- Part A Hospice Care Coinsurance or Copayment (Covered)
- Skilled nursing facility care coinsurance (Covered)
- Medicare Part B Coinsurance and Copayment (Covered)
- Medicare Part A Deductible (Covered)
- Blood (First 3 Pints) (Covered)
- Medicare Part B Excess charges (Not Covered)
- Medicare Part B Deductible (Not Covered)
- Foreign Travel Emergency (Not Covered)
What Medicare Supplement Plan L Will NOT Cover
With Medicare Supplement Plan L, you won’t be covered for foreign travel emergencies, your Medicare Part B deductible, or your Part B excess charges. Plan L also doesn’t cover 100% of some of your other benefits. In fact it only covers 75% for the following:
| Medicare Supplement Benefits | Plan L covers? |
|---|---|
| Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used | YES |
| Medicare Part B coinsurance or copayment | 75% |
| Blood (first 3 pints) | 75% |
| Part A hospice care coinsurance or copayment | 75% |
| Skilled nursing facility care coinsurance | 75% |
| Part A deductible | 75% |
| Part B deductible | NO |
| Part B excess charges | NO |
| Foreign travel emergency (up to plan limits) | NO |
Medicare Supplement Plan L has lower premiums with shared costs
Medigap Plan L is one of the cost-sharing Medigap policies available to you. It has slightly lower premiums when compared to a popular plan like Plan G.
Here’s why…
When you enroll in Medicare Supplement Plan L, the Medigap insurance company pays 75% of your medical expenses that are approved by Medicare on most benefits. You have to pay the remaining 25%. You must also pay your Medicare Part B deductible as well as any excess charges. Is Plan L a good deal?
If you have any costly health care issues, that 25% can add up quickly. You’ll need to evaluate the cost savings of Plan L compared to the benefits of some of the more comprehensive Medigap plans. Most times people see that the savings aren’t big enough and the risk is too great.
Plan L Case Study
In our example case study, we have John Doe who has a few medical procedures. Let’s see how Medicare Supplement Plan L works based on a common scenario. John had to undergo an outpatient surgical visit. His Plan L pays 75% and John pays the remaining 25% of Medicare’s allowed amount.
If the Medicare-approved amount for John’s surgery is $10,000:
- Plan L pays $7,500
- John pays $2,500
Once John reaches the annual Out-of-Pocket Limit and the yearly Part B deductible for Medigap Plan L, then it pays 100% of covered services for the rest of the year.
Out-of-Pocket Limit
2019 Medicare Supplement Plan L Out-of-Pocket Limit is: $2,780
It’s easy to compare Standardized Medigap Plans
Medicare supplement plans were standardized in 1991; which means that all Medicare Supplement plans with the same plan letter provides identical coverage and benefits. All Medigap insurance companies are required to provide the same benefits.
In other words, Plan L from Mutual of Omaha is identical to Plan L from Cigna. The price is the only difference between the two companies.
Get Quotes for Medicare Supplements
Contact us today to learn more about Medigap Plan L and how to compare Medicare Supplement plans. You can call us at (888) 411-1329 or receive an online Medigap quote now.
You have many options for Medicare supplements, including Plan L. To find out which Medicare Supplements meets your needs and budget, contact REMEDIGAP for a free quote today. We use over a dozen Medicare insurance companies to make sure you get affordable coverage.
Michael Quinn is a seasoned Medicare insurance expert and licensed agent dedicated to simplifying the complexities of healthcare coverage. With over a decade of experience, he is a trusted advisor known for his compassionate guidance and commitment to empowering individuals. As the Cofounder of REMEDIGAP in 2013, Michael offers unbiased resources and personalized support to assist clients in making informed decisions.
His expertise has been recognized on reputable platforms such as USA Today and Nerdwallet, solidifying his reputation as a reliable and knowledgeable industry leader. With a Master's Degree in Communicative Disorders, Michael combines strong communication skills with a genuine passion for positively impacting lives through tailored insurance solutions.
Medicare Supplement Plans
Written by Michael Quinn
Licensed Broker, REMEDIGAP Founder
Fact Checked by Joann Quinn
Chief Compliance Officer
As a licensed insurance broker, REMEDIGAP upholds the principles of integrity in our editorial standards and ensures transparency in how we receive compensation from our insurance partners.
