When you have an original Medicare cover, you most probably know that it has some out of pocket expenses that you are required to cater for. These expenses can be too high especially if you have a medical condition that requires you to visit doctors and hospitals regularly. Even if you do not have a medical condition, health emergencies do occur which may bring in expenses that your original Medicare does not cover. In order to avoid huge medical bills, it is advisable to get enrolled into a Medicare supplement plan. One example of such plans is the Plan L. Get a quote for 2020 supp plans at https://www.medicaresupplementplans2020.com/
Medicare supplement insurance plan L offers policy holders benefits in a manner that is almost similar to the Plan K. It does not cover all the medical benefits in full but pays only a certain percentage. It pays for 75% of the Medicare Part A deductible, Medicare part B copayment and coinsurance, skilled nursing facility care coinsurance, the first three pints of blood used in a medical procedure and Medicare Part A hospice care coinsurance and copayment. This plan caters for all the costs of Medicare part A copayment and coinsurance for an additional one year after you have depleted your original Medicare benefits.
Since you will have more out-of-pocket expenses with this plan, the premiums charged are considerably low. This makes it a more affordable plan for those who want a little help with their out-of pocket expenses and pay a low price for it. There are some out-of pocket expenses that you will pay fully on your own and these include Medicare part B excess charges and Medicare Part B deductible.
An additional benefit of the Medicare supplement insurance plan L is that it offers an out of pocket limit. Once you pay a total of $2620 out of pocket expenses from your original Medicare and $183 for your Medicare Part B deductible, the plan will cater for 100% of the costs of your original Medicare for the remaining year.
The Medicare Plan L can be considered to be a comprehensive plan as it caters for almost all the benefits that are offered by other plans. The only setback is that it caters for these benefits partially and you are hence left with a small proportion that you are required to pay on your own. The lowered premiums however make it a very attractive plan.