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.
Includes |
Does Not Include |
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Medicare Part A coinsurance and coverage for hospital benefits |
Medicare Part B deductible |
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Medicare Part B coinsurance or copayment (50%) |
Medicare Part B excess charges |
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Blood (first three pints) (50%) |
Foreign Travel Emergency (up to plan limits) |
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Hospice Care coinsurance or copayment (50%) |
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Skilled Nursing Facility Care coinsurance (50%) |
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Medicare Part A deductible (50%) |
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.
The Benefit Link, a Licensed Insurance Agency with its physical office in Texas, employs insurance agents (producers), and through such agents, can provide these services to clients in all 50 States of the USA. We are not connected with or endorsed by the United States government or the federal Medicare program.
THE BENEFIT LINK POLICIES AND YOUR CONSENT
The Benefit Link, a Licensed Insurance Agency with its physical office in Texas, employs insurance agents (producers), and through such agents, can provide these services to clients in all 50 States of the USA. By clicking on any form, you authorize The Benefit Link to call you and send pre-recorded messages, text messages, emails, and in-app Facebook messages to you about The Benefit Link’s products and services at the telephone number and/or email address you have on file with Facebook, or any other telephone number, email address or contact information that you provide to The Benefit Link, including your mobile phone, landline or other phone, if provided, using an automated dialer or email system, even if you are on the national or state “Do Not Call” list. The Benefit Link works with 3rd party technology providers, including session replay technology, and by clicking on any form, you are giving express prior consent for your data to be shared with the 3rd party technology providers. You understand that your consent is not a requirement to purchase products and services from The Benefit Link. Message and data rates may apply, and you can opt out anytime.
https://thebenefitlink.com/policies/ We are not connected with or endorsed by the United States government or the federal Medicare program.
The Benefit Link, a Licensed Insurance Agency with its physical office in Texas, employs insurance agents (producers), and through such agents, can provide these services to clients in all 50 States of the USA. By clicking on a form, you authorize The Benefit Link to call you and send pre-recorded messages, text messages, and in-app Facebook messages to you about The Benefit Link products and services at the telephone number you have on file with Facebook, or any other telephone number or contact information that you provide to The Benefit Link, including your mobile phone if provided, using an automated dialer and email, even you are on the national or state “Do not Call” list. You understand that your consent is not a requirement to purchase products and services from The Benefit Link. Message and data rates may apply, and you can opt-out anytime.
