Medigap Plan K is a type of Medicare Supplement plan that provides coverage for your out-of-pocket expenses, but does so in a different way compared to the other Medigap plans available. Plan K is known as a cost-sharing plan, meaning that it will pay for part of the costs while you pay for the rest.
Plan K will cover 100% of Medicare Part A coinsurance and hospital costs, just as all Medigap plans do. However, it will only cover 50% of:
Plan K will not provide coverage for the following:
If you’re interested in the cost-sharing features of Medigap Plan K, give Magellan Healthcare a call today! We can help you compare your Medigap options and determine if Plan K is right for your needs.