What Are The Different Types Of Medicare Supplement Plans

For most senior citizens, the original Medicare plan is never enough. Although it may help reduce the cost of healthcare for you, there are expenses that you may still be required to meet. For you to be fully covered and your health completely protected, you are advised to purchase a Medicare supplement plan. There are various Accendo Medicare Supplement Plans that you can compare. These are: 

Medicare Plan A

It offers the most basic benefits of all the supplement plans, and it is also referred to as Medigap Plan A. It is usually overlooked as it provides very few benefits. It pays for coinsurance and hospital care up to 365 days after Medicare benefits are unitized, Medicare Part B coinsurance or copayment, blood the first three pints and Part A hospice care coinsurance. 

It is good to note that this is not an ideal plan as Medicare Plan A also pays all this. 

Medicare Supplement Plan B

It offers all the benefits offered by Plan A as well as Part A hospital deductible, which tends to go up annually. The rates for this plan vary from each insurance firm as well as depending on age, region, gender among many others. 

Medicare Supplement Plan C

It is beneficial in that it covers almost all the Medicare gaps that you may be necessitated to pay, with the only exemption being that it does not cover Part B excess charges. It covers: 

  • Copayments for Medicare Part A and Part B services
  • Coinsurance for nursing care
  • Foreign travel exchange costs
  • Annual deductible for Medicare Part A
  • Hospice coinsurance for Part A care
  • Three pints of blood each year 

Medicare Supplement Plan D

This supplement plan should not be mistaken for PART D, which is for prescription drugs. It covers most of the gaps the only exception being Part B deductible as well as any excess charges Its benefits include:

  • Coinsurance for nursing care
  • Copayments for Medicare Part A and Part B services
  • Medicare Part A deductible
  • Foreign Travel Emergency
  • Three pints of blood each year

Medicare Supplement Plan G

This is one of the most popular plans as it has lower premiums; it helps to cover for most costs that include blood transfusions, hospice care, skilled nursing, doctor visits, medical equipment, ambulance, surgeries, and other costs. It also covers any foreign emergency travel. However, you are required to pay the annual deductible.

Medicare Supplement Plan K

This supplement offers some of the basic benefits at a low premium. It has a cost-sharing policy as well as having a cap on the amount that you can be allowed to spend. If the amount that you were required to pay reaches its limit, this policy will then come in and pay the rest of the year. Not every insurance firm offers this making it hard to find. 

Medicare Supplement Plan F

Medigap F as it is also known as an extremely comprehensive plan that offers a policy covering all the available gaps. Not only does it cover Medicare deductibles but it also includes all the coinsurance and copays. 

You can compare and contrast the benefits for this and other various supplements to find one that is best suited to you.

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