Medicare is the federal-government supported health insurance system for anyone from age 65 and beyond. However, copays and deductibles come from your pocket, so you may choose to buy a Medigap plan to supplement Medicare.
Medigap plans in Florida do not vary too much from the rest of the states, offering the same services. So, to not overpay, you must analyze whether you need this supplement or not. To do so, here’s a complete view of what every Florida Medigap plan offers so that you can choose one suited to your needs.
Medigap Plan A
This plan offers Medicare part A hospital coinsurance, hospice care coinsurance or copay, Medicare part B coinsurance, and the first three pints of blood for both A and B. Most Medicare supplement plans in Florida add to these benefits, so this stands as the more modest out of all.
Medigap Plan B
It covers all benefits from plan A, but it also includes part A deductible ($1,484).
Medigap Plan C
This plan includes all plan B benefits but adding coverage for your Medicare part B deductible ($203) and excess charges, skilled nursing facility care coinsurance, and 80% of your medical expenses when traveling abroad. However, only applicants first eligible for Medicare before 2020 can buy this plan as it is no longer available to people new to Medicare.
Medigap Plan D
It is similar to plan C, but it does not cover any excess charges for Medicare part B and includes coverage of 80% of healthcare-related foreign travel emergencies with a lifetime limit of $50,000. The rest of the benefits still apply.
Medigap Plan F
This one offers two options: a high deductible one where you pay $2,370 before the plan kicks in and another version with no deductible. Both plans cover everything in plan C, adding Medicare part B excess charges. Like Medigap plan C, it can only be bought if you were first eligible for Medicare before 2020.
Medigap Plan G
This one is a high-deductible plan covering everything in plan F except Medicare part B deductible.
Medigap Plan K
It covers Medicare Part A hospital coinsurance and preventive care for Medicare Part B coinsurance. It also covers 50% of Part A hospice care coinsurance, Part B coinsurance, and Part A and B's first 3 pints of blood. Similarly, it covers 50% of skilled nursing facility care coinsurance and Medicare Part A deductible. It also adds an out-of-pocket yearly limit of $6,220, in which after this amount is met, the plan will cover 100% of covered services for the rest of the calendar year.
Medigap Plan L
Similar to plan K, except it covers 75% of Part A hospice care coinsurance, part B coinsurance, and Part A and B's first 3 pints of blood. Likewise, it covers 75% of skilled nursing facility care coinsurance and Medicare Part A deductible. This plan also adds an out-of-pocket yearly limit of $3,110.
Medigap Plan M
This is a popular Medigap policy, containing all the benefits of plan A in the package and full skilled nursing facility care coinsurance, 50% of Medicare part A deductible, and 80% of foreign travel health emergencies.
Medigap Plan N
This is one of the best Medicare supplement insurance, containing all the benefits of plan D, except that it pays 100% of the Part B coinsurance. However, it states up to $20 copays for some doctor’s appointments and up to $50 copays for emergency room visits.
For more information on what every plan offers, contact Medicare Health Experts to get a quote: 561-279-3804
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