Medicare Supplement Plan L

Medicare Supplement Plan L policy also includes a cap on your expenses. This is referred to as your out-of-pocket limit or maximum. Medicare sets this limit annually, and in 2018, the limit for Plan L is $2,620. This means that if in any one calendar year your spending reaches $2,480 in Medicare-approved covered expenses, then the Medigap insurance carrier pays the rest. The cap makes it much easier to agree to share in 25% of the costs on the starred items listed below because you know that even if a year of bad health occurs, you won’t have more exposure than the maximum cap figure.

Medicare Supplement Plan L

  • Medicare Part A coinsurance and coverage for hospital benefits

  • Medicare Part B coinsurance or copyament (75% coverage)

  • Blood (first 3 pints) - 75% coverage

  • Hospice care coinsurance or copayment (75% coverage)

  • Skilled Nursing Facility Care coinsurance (75% coverage)

  • Medicare Part A deductible (75% coverage)

  • Medicare Part B deductible

  • Medicare Part B excess charges

  • Foreign Travel Emergency (up to plan limits)