Call (662) 844-3300 now to speak with a live Medicare Agent in your area directly.

Medigap Plan L

Medigap Plan L not only covers a percentage of your out-of-pocket expenses left over by Original Medicare, but it also features an annual out-of-pocket maximum limit of $2,780 (in 2019). 

Plan L is only one of two Medicare Supplement insurance policies that feature this out-of-pocket limit. Because of this popular feature and lower premiums, it may be worth the extra cost-sharing for Medicare beneficiaries.

What does Medigap Plan L cover?

Along with the out-of-pocket maximum ($2,780 in 2019), Medicare Supplement Plan L also features 75% coverage of these benefits: 

  • Medicare Part B coinsurance or copayment 
  • Part A hospice care coinsurance or copayment
  • Medicare Part A deductible
  • First three pints of blood used in a medical procedure
  • Skilled nursing facility care coinsurance

It also covers 100% of Medicare Part A coinsurance and hospital costs up to one year after Original Medicare benefits are used up. 

Because of the portion of cost-sharing, Medigap Plan L policies have lower premiums than other supplement plans, like Plan F, that cover all leftover costs by Original Medicare.

Play Video

Medicare Supplement Plan L out-of-pocket costs

Under Plan L, you’ll pay some out-of-pocket costs associated with Medicare. These costs could be: 

  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Foreign travel emergency

You’ll also pay 25% of your Original Medicare coinsurance or copayment costs, any skilled nursing facility coinsurance, Part A’s deductible, and the first three pints of blood for a medical procedure.

Because of this cost-sharing, you’ll pay lower premiums.

Medigap Plan L out-of-pocket maximum cap protection

Even though you do have some out-of-pocket expenses with Medicare Supplement Plan L, there is a maximum cap. Medicare sets this limit annually. In 2019, this limit is $2,780. After you hit this limit, the Medicare Supplement insurance plan has to pay 100% of your Medicare-related costs for the remainder of the year. 

So, if covering some of your out-of-pocket Medicare expenses while still enjoying a lower premium sounds great to you, a licensed Medicare agent with Bobby Brock Insurance will be happy to help you.

Medicare Supplements

User Guide

This guide can be helpful if you’re considering buying a Medigap policy or already have one. It’ll help you know how Medicare Supplement plans work.

Mockup of Medicare Supplements User Guide

Compare
cost of plans...

We have helped thousands of Medicare beneficiaries all over the United States, and now we want to help you.

Latest News