Choosing from ten different kinds of supplement plans can be a difficult task. They are known in the letters A to N and all have different features and benefits that they cover. Surely, you want to make sure that the costs you need to pay the most for are getting covered by your supplement plan. Once you have gotten an overall view on the plans and which benefits they cover, it will become a lot easier to find out which one definitely doesn´t work for you and which ones might. There are 10 main expenses, that patients usually need to pay out of their own pockets because they´re not covered by the original Medicare Plan. Here is a list of all these 10 expenses and which supplement plan covers them:
- Medicare Part A costs for coinsurance, in addition to hospital costs for up to 365 days
These expenses are covered by all supplement plans, from A to N.
- Medicare Part B coinsurance or copayment
- First three pints of blood
- Medicare Part A hospice coinsurance or copayment
These are covered by the following supplement plans: A, B, C, D, F, G, M and N. The supplement plan K covers only 50% of them, while the supplement plan L only 75%.
- Skilled Nursing Facility (SNF) coinsurance
Coinsurance for skilled nursing facilities are only covered only by the following plans: C, D, F, G, M, N. The supplement plan K covers only 50% in this case as well, while the supplement plan L only 75%.
- Medicare Part A Deductible
The deductible for members of Medicare Part A is covered by the supplement plans: B, C, D, F, G and N. The supplement plan K and M cover only 50% of these expenses, while the supplement plan L only 75%.
- Medicare Part B Deductible
The deductible for members of Medicare Part B Is only covered by the supplement plans C and F.
- Medicare Part B Excess Charges
Any excess charges that members of Medicare Part B may need to face, are covered by the supplement plans F and G only.
- Foreign Travel Emergency (Up to Plan Limits)
Original Medicare Part A or B covers expenses one might face outside of the United States in very limited cases, one of them being, for example, on a cruise ship six hours away from a US port. In general, in all cases where you already know that you will be staying outside of the US for longer than a couple of hours, you would need a supplement plan. Emergencies that may occur abroad are covered up to 80% by the following supplement plans: C, D, F, G, M and N.
- Out of pocket limit
Almost all of these supplement plans don´t have a limit that needs to be reached for them to start covering costs, however when choosing plan K, you would need to reach a limit of $5,240 before the plan starts covering for all the costs, and a limit of $2,620 with supplement plan L.