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Medigap Plans

Medicare Supplement Plan K

Medigap Plan K offers you the same basic benefits as other supplements, but with lower premiums. Plan K is also a cost-sharing plan, meaning your plan will cover part of some costs while you are responsible for the other half.

Medicare Plan K also includes a cap on your spending called an out-of-pocket maximum. For instance, let’s say you have a year with a lot of medical treatments. If your out-of-pocket spending reaches the maximum limit, then your Medigap K policy will kick in to pay all of the rest for that year. The out-of-pocket maximum for 2023 was $6,940, but for 2024 it is $7,060.

Plan K Includes

Does Not Include

Is Plan K Right for You?

While Medigap Plan K is a good option for some, it may not be the right option for others. To learn more about Plan K and whether or not it’s a good fit for your coverage and budget needs, give us a call today.

Plan Comparison Chart

Basic Benefits:

  • Part A Hospital
    • Days 61-90: $419 per day of each benefit period
    • Days 91-150: $838 per day (lifetime reserve days)
    • Beyond lifetime reserve days: 100% for 365 days
  • Part A and B Blood Deductibles (First three pints)
  • Part B Coinsurance – 20% of Medicare approved charges
  • Part A Hospice Care Coinsurance or Copayment

Part A Deductible for 2025 is $1,676 per each benefit period.

Skilled Nursing Coinsurance for 2025 (days 21-100) is $209.50 per day of each benefit period.

Part B Deductible for 2025 is $257.