Any citizen who is aged 65 and above and who has enrolled for the Medicare healthcare insurance plans, is eligible to enroll for the Supplement Insurance Plans or Medigap plans offered by the private insurers. Currently, there are 10 standardized plans available in the market and they have been alphabetically named A to N plans. Of these plans, C and F have been made ineligible for those who have insured in the main scheme after January 2020. This means that those who have joined Medicare before January 2020 can continue to benefit from Plan C and Plan F.
We have been studying the features and benefits of these support plans and in this article, we are going to discuss Plan D and Plan K specifically.
Plan D: This is a very useful plan and has found favor with a lot of people interested in health insurance. The plan offers very good coverage.
The coverage benefits such as deductibles under Part B and extra charges under Part B remain out of the purview of this plan. Also, extra cover under certain plans is not available through this plan.
Coverage under Plan D:
The plan provides hospital coinsurance for Part A and also covers costs up to an additional one year after exhausting the original insurance policy. Terminally ill patients get cover for hospital costs. Those who travel to foreign countries for emergency treatment get 80% of their cost covered. In addition to these, the copay for Part B and the cost of 3 pints of blood are also covered. Lastly, the cost for skilled nursing staff is also covered under Plan K
Plan K is a benefit plan where the out of pocket expenses are covered. The upper ceiling for this plan is $5880. Once the ceiling is reached, the entire services are settled by this plan.
In medical emergencies, when your hospital bills accumulate, this plan can be beneficial. If you are insured under Plan K, then you can be assured that this unexpected cost escalation can be covered by this plan. High out-of-pocket expenses can be settled with this plan.
These are some of the Best Medicare Supplement plans for 2021.