The number of Americans enrolled in Medicare is fast approaching 60 million, and this number will only continue to rise as the Baby Boomer Generation joins the 65-and-over demographic.1
Medicare Part A and Part B (known as Original Medicare) have some out-of-pocket costs such as deductibles, coinsurance and copayments. Medicare beneficiaries who want help getting coverage for some of these costs can consider enrolling in a Medicare Supplement Insurance plan (also called Medigap).
There are 10 standardized Medigap plans available in most states (Massachusetts, Minnesota and Wisconsin have different plan options).
|Medicare Supplement Benefits||A||B||C||D||F||G||K||L||M||N|
|Part A co-insurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|Medicare Part B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plans C and F are not available to new beneficiaries who become eligible for Medicare on or after January 1, 2020.
2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,340 in 2020. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high deductible Plan F is not available to new beneficiaries who become eligible for Medicare on or after January 1, 2020.
3. Plan K has an out-of-pocket yearly limit of $5,880 in 2020. Plan L has an out-of-pocket yearly limit of $2,940 in 2020.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission.
View an image version of this table.
More than one out of three Medicare beneficiaries (35 percent) were enrolled in a Medicare Supplement Insurance plan in 2017.2
Medicare Supplement Insurance plans are offered by private insurance companies. Plan availability varies from state to state.
Click on your state on the map to find Medicare Supplement Insurance enrollment information and resources for your state.
You can also get started comparing Medicare Supplement Insurance plans and finding the right plan for you by speaking with a licensed insurance agent from MedicareSupplement.com.
Learn more about Medigap plans in your areaVisit MedicareSupplement.com