Medicare Supplement Insurance Plan L* from Difference Between PPO, POS, and HMO is a basic benefit plan ideal for seniors looking for a lower monthly premium. By covering less of the coinsurance and copayment expenses than other supplement plans, this plan can offer a reduced premium. In exchange for sharing some of the costs of healthcare, seniors can secure quality coverage at an affordable price.
Benefits
With Medicare Supplement Insurance Plan L, securing the benefits you need to stay healthy and strong is easier than ever. Pays for 75 percent of your Part A hospital deductible, 75 percent of the cost of the first three pints of blood each year, and 75 percent of your Medicare coinsurance/copayment for hospice care.
In addition, you can count on an extra 365 days of hospital care once Lifetime Reserve Days are used and the remainder of all Medicare-approved amounts (after your Part B deductible has been paid) for Medicare-covered preventive benefits and the remaining 15 percent of Medicare-approved amounts. Medicare Supplement Insurance Plan L also limits annual out-of-pocket expenses for Medicare-approved amounts. That means if you get sick and need to visit with your doctor frequently or receive outpatient services often, you can.
Benefits Summary
75 percent of Medicare Part A deductible for hospitalization services
75 percent of the costs for the first three pints of blood each year
75 Percent of Medicare coinsurance for hospice care
75 percent of skilled nursing facility coinsurance
What You Can Expect to Pay
In addition to a reasonable monthly premium, with Medicare supplement Insurance Plan L you can expect to pay for your Part B deductible and excess charges, 25 percent of your Part A deductible, hospitalization costs beyond the additional 365 days after Lifetime Reserve are used, a percentage of skilled nursing costs after 21 days and all costs after 101 days, and 25 percent of the cost of the first three pints of blood.
Medicare Supplement Insurance plans are guaranteed renewable. As long as you continue to pay your premium, your plan can never be terminated and you can always renew, regardless of your health.
This plan is a good option for seniors looking for a lower premium and a reasonable amount of coverage. With a lower annual out-of-pocket amount than some of the other cost-sharing plans.
