Medigap Plan M
Medigap Plan M’s benefits
Medigap Plan M is appealing because it offers low premiums while also providing coverage for all but two of the Medigap coverage categories.
Medigap Plan M covers:
- Medicare Part A coinsurance and hospital costs
- Medicare Part B coinsurance or copay
- First three pints of blood
- Medicare Part A hospice care coinsurance or copay
- Medicare Part A deductible (50%)
- Care in a Skilled Nursing Facility
- Emergency care during foreign travel (80% of remaining costs)
What Medigap Plan M doesn’t cover
Medigap Plan M does not cover:
- Medicare Part B deductible
- Medicare Part B excess charges
Interpreting Medigap Plan M’s benefits
Medigap Plan M is very comprehensive. A person interested in this would foot the bill for 50% of the Medicare Part A deductible, as well as the Part B deductible and excess charges, but those out-of-pocket costs aren’t insurmountable. Keep in mind, Medicare Part B’s annual deductible is $203 in 2021, and Part B excess charges are not costs incurred often. If you want extensive coverage and are comfortable paying the other costs, then Plan M is perfect for you.
If you need more assistance with understanding Medigap Plan M, contact World Financial Solutions today.
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