Medicare and Medigap Blog

Medicare Supplemental Plan L

Medicare Supplement Plan L offers many of the same basic benefits as other Medicare Supplement insurance plans, but provides you with a much lower monthly premium. In exchange for a lower premium, Plan L covers less of the copayments and coinsurance than other Medicare Supplement plans. As well, each plan offers an out-of-pocket maximum, which limits the amount you will pay annually.

Typically, Medicare Supplement Plan K offers a lower monthly premium than Plan L, but offers higher co-payments and a higher annual out-of-pocket limit.

Medicare Supplement Plan L is a good option if you seek a Medicare Supplement policy with an affordable premium, but still want a reasonable amount of coverage for a wide variety of services. This plan is similar to Plan K, except it covers a higher percentage of your costs, offers a lower annual out-of-pocket amount and out-of-pocket limit,a slightly higher monthly premium.

Medicare Supplement Plan L Coverage:

  • 100% Coverage for Part A hospitalization coinsurance, plus coverage for 365 days after Medicare benefits end

  • 75% Hospice out-of-pocket cost sharing

  • 75% of Medicare-eligible expenses for the first three pints of blood

  • 75% Part B coinsurance, except for preventive care services, which are covered 100%

  • 75% Coverage for Skilled Nursing Facility coinsurance

  • 75% Coverage for your Medicare Part A Deductibles

  • $2,310 out-of-pocket Annual Limit

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