What do Medicare Supplement plans cover?
Medicare Supplement Plans help cover out-of-pocket costs for Original Medicare Parts A and B. Coverage offered varies between plan types. Insurers can offer up to ten types of plans, which are labeled A, B, C, D, F, G, K, L, M, N, but they do not have to offer all ten different plan options. The benefits offered between the plan types vary, so for example Plan B offers different coverage than plan G. However, the plans are regulated so that each plan type of the same letter must offer the same coverage. This means that a Plan type A offered by one insurer will provide the same benefits as a Plan type A from another insurer making it easy to compare plans from different carriers.
This Medicare Supplement comparison chart below shows how coverage varies between plans:
*Plans F and G also offer a high-deductible plan in some states. With this option, you must pay for Medicare-covered costs (coinsurance, copayments, and deductibles) up to the deductible amount of $2,490 in 2022 ($2,370 in 2021) before your policy pays anything. (Plans C and F aren’t available to people who were newly eligible for Medicare on or after January 1, 2020.)
**For Plans K and L, after you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.
***Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in inpatient admission.
A Medigap plan works with your Original Medicare and can only be used to help cover the gaps left by Parts A and B. You cannot enroll in a Medigap plan if you have coverage through a Medicare Advantage plan.