Medicare Supplement Plan K

Medicare Supplement Plan K is a cost-sharing plan that offers partial coverage for a specific group of services that aren’t fully covered by standard Medicare plans. Medigap Plan K has lower premiums and higher deductibles and has the highest out-of-pocket requirement of all the available Medicare supplement plans. Your annual out-of-pocket limit under Medicare Supplement Plan K is $5,240 (in 2018) for approved Medicare-related services. Once you reach your annual out-of-pocket limit, Medicare Supplement Plan K pays 100% of covered services for the rest of the calendar year.

Medigap Plan K covers 50% of the following services:

• Coinsurance and copayments not covered by Medicare Part B
• Blood deductible (the cost of the first three pints of blood)
• Coinsurance or copayments for hospice care not covered by Medicare Part A
• Coinsurance for time spent in a skilled nursing care facility
• Medicare Part A deductible

In any event, when you are shopping around for Medicare Supplement Plan K, it is equally important to get quotes from multiple insurance companies, and compare apples to apples. Medicare Supplemental Plan K is designed by Medicare, therefore will have the same coverage and benefits no matter which insurance company you compare it with--the only difference between companies is what they charge.

Comparison chart of all 10 plans side-by-side:

Benefits A B C D F G K L M N
Part A Hospital Coinsurance
365 Additional Hospital Reserve Days
Benefit For Blood 50% 75%
Part B Co-Insurance 50% 75% *Co-Pays
Hospice Co-Insurance 50% 75%
Skilled Nursing Facility Co-insurance 50% 75%
Part A Deductable 50% 75% 50%
Part B Deductable
Part B Excess
Foreign Travel Benefit 80% 80% 80% 80% 80%
Preventive Care Co-Insurance
Out of Pocket Limit None None None None None None $5,240 $2,620 None None
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