November 22, 2011
Medicare Supplement Plans - Plan L
What's Unique to Plan L?
Plan L is one of two Medicare Supplemental Insurance plans where most of the benefits are in the form of partial coverage of Medicare out-of-pocket expenses. Given the higher cost-sharing for people enrolled in Plan L, this plan has an attractive monthly premium. However, there are no guarantees that Plan L will represent a very low monthly premium. It is always recommended that you comparison shop to determine what plans are available in your area and at what price.
Plan L will pay for 75% of the expenses for the following:
- Medicare Part A deductible
- Medicare Part B co-payment or co-insurance coverage
- First three pints of blood for a covered medical procedure
- Part A hospice care co-insurance or co-payment
- Skilled Nursing Facility (SNF) care co-insurance
Plan L provides full coverage for the following:
- Medicare preventive care Part B co-insurance
- Medicare Part A co-insurance hospital costs up to an additional 365 days after Medicare benefits are exhausted
Out-Of-Pocket Limit
There is a $2,330 annual out-of-pocket expense limit for enrollees in Medigap Plan L. These expenses must be for approved Medicare-related services. After a person enrolled in Plan L spends $2,330 in out-of-pocket expenses within a single year, Plan L pays 100% of covered services for the rest of the calendar year.
See how the benefits of Plan L compare to those of other Medigap plans with our Medigap plan benefit comparison.
