Medigap Plan D
Medigap Plan D is one of the 12 Medicare supplement plans and it helps to cover for gaps that are left from Medicare Part A and B. There is often a confusion between Medicare Part D and Medigap Plan D so it is important to know that those 2 plans are not the same thing. Medicare Part D covers drug prescriptions and Medigap Plan D is a part of a supplement plan and not one of those plans has drug coverage.
What is covered under Plan D
Medigap Plan D offers several beneficiaries which include:
- Part A hospital coinsurance and hospital costs for an additional 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance payment and copayments
- Part B copayment and coinsurance payment
- First three pints of blood
- Skilled nursing facility care coinsurance
- Part A deductible
- 80% of foreign travel emergency costs up to plan limits
What isn’t covered under Plan D?
Plan D doesn’t provide coverage for:
- Part B deductible
- Part B excess charges: the lack of the excess charge may not be a concern because some states don’t allow it and most of the providers accept Medicare.
- Drug prescription
How much does Plan D costs
You’ll need to cover for Medicare Part B deductible out-of-pocket so after you carry out your deductible your plan will cover the remaining costs. Also, if you meet with Medicare excess charges you’ll need to pay up to 15% above a Medicare service-approved price if your healthcare provider doesn’t accept Medicare’s assignment. However, the average costs of Plan D are approximately between 120$ and 200$ a month.
Choosing a plan that best suits your needs and understanding the cost for each plan can be difficult so the best way to avoid any confusion is to talk to a licensed Medicare agent at Better Place Insurance Group. Call or text us today we will be eager to answer all questions that may concern you!