Medicare Supplement Plan K: Lower Premiums, Shared Costs

When you choose Traditional Medicare, you're choosing the path of maximum freedom - you can see any doctor in the country who accepts Medicare. But Traditional Medicare leaves gaps, like the 20% you owe for outpatient services. That's where a Medicare Supplement (Medigap) plan comes in. It's a component of the Traditional path, not an alternative to Advantage.

Medicare Supplement Plan K is designed for people who want the freedom of Traditional Medicare but are willing to share some of the costs in exchange for a lower monthly premium. Unlike plans that cover 100% of your gaps, Plan K covers 50% of most Medicare-approved out-of-pocket costs.

What Plan K Covers:

• 100% of Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up.
• 50% of Medicare Part B coinsurance or copayment.
• 50% of blood (first 3 pints).
• 50% of Part A hospice care coinsurance or copayment.
• 50% of skilled nursing facility care coinsurance.
• 50% of the Medicare Part A deductible.

What Plan K Does Not Cover:

• The Medicare Part B deductible.
• Medicare Part B excess charges.
• Foreign travel emergency care.

One of the most important features of Plan K is its out-of-pocket limit. Once you meet your yearly out-of-pocket limit and your yearly Part B deductible, the plan pays 100% of covered services for the rest of the calendar year. This provides a safety net, ensuring your medical bills won't spiral out of control if you face a major health event.

Benefits are standardized by federal law. That means a Plan K from one insurance company offers the exact same coverage as a Plan K from another. The only difference is the price and the company's reputation for customer service.

You've worked hard to build your life, and you deserve straight answers, no surprises when it comes to protecting it. We're on your side of the table, ready to walk you through every option. Your dollars are votes, and we'll help you cast them wisely.