Medigap Plan B – Medicare Supplement

Medigap Plans
Part A Hospital Coinsurance Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
365 Hospital Reserve Days Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Benefit for Blood Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Hospice coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled Nursing Facility No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess No No No No Yes Yes No No No No
Foreign Travel Benefit No No 80% 80% 80% 80% No No 80% 80%
Out-of-pocket limit N/A N/A N/A N/A N/A N/A $4,940 $2,470 N/A N/A

Standardized Medicare Supplement Plan B covers the same Basic Benefits as Plan A and also covers Medicare Part A Deductible. It is available in most states. This plan leaves much of the risks for medical costs to you.

Both Plan A and Plan B give you many of the same medical and hospitalization benefits but if you choose Plan A, you will be responsible for paying both your Medicare Part A and Part B deductibles. If you choose Plan B, you will be responsible for paying your Part B deductible only.

Besides the basic benefits, this plan adds a little bit more coverage for hospitalization. This plan might be a good fit if you want more coverage than Original Medicare, especially for hospital expenses, at an affordable price.

Plan B includes coverage for the basic benefits, which include hospitalization, medical expenses, and blood coverage for the first three pints of blood each year. Hospitalization includes Part A coinsurance plus coverage for 365 additional days after Medicare benefits end. Medical expenses includes pays Part B coinsurance, generally 20 percent of Medicare-approved expenses, or co-payments for hospital outpatient services.

Plan B also includes the Medicare Part A deductible and Hospice Care is also included in Plan B. Hospice Care will be included in all Medicare Supplement plans as of 2010 as a part of Medicare’s modernization efforts.

Plan B does not cover several of the benefits that more comprehensive plans cover. Some of the benefits that aren’t covered are the Medicare Part B deductible, Skilled Nursing Coinsurance, and Foreign Travel Emergency Care. Plan B does not cover any Part B Excess Charges. It does pay all of the approved costs of your services. Under Plan B coverage is limited to Medicare-approved charges. This means that you may be responsible for paying additional out-of-pocket expenses if your doctor charges more than the Medicare approved amount.

Plan B also does not cover At Home Recovery or Preventative Care. Both of these services are being phased out of the Medicare system and will no longer be offered in any plan as of 2010.

It can be difficult to determine which plan is right for you, and not all providers offer all of the Medicare Supplement Plans. Our trained specialists can help you find the plan that best fits your needs and budget.Most insurance carriers offer a variety of plans, so our specialists can help you shop around for the best price.

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