Medigap Plan B provides one extra profit on prime of the fundamental advantages supplied by all Medigap plans: protection for the Medicare Part A deductible.
How it really works
There are 10 standardized Medigap plans accessible in most states (besides Massachusetts, Minnesota and Wisconsin, which use completely different requirements). The plans differ by way of protection for providers, out-of-pocket limits and premium prices.
What Medigap Plan B covers
Here’s what Medigap Plan B covers, in accordance to Medicare.gov:
Part A coinsurance and hospital prices up to an extra twelve months after Medicare advantages are used up.
Part A hospice care coinsurance or copayment.
Part B coinsurance or copayment.
Blood transfusion (first three pints).
What Medigap Plan B doesn’t cowl
Here are the advantages Medigap Plan B doesn’t cowl which can be included in another plans:
Part B extra costs (when a supplier costs you greater than Medicare’s permitted quantity).
Skilled nursing facility care coinsurance.
Emergency care throughout journey outdoors the U.S.
Additionally, all Medigap plans, together with Plan B, offered to new Medicare members don’t cowl the next:
How a lot does Medigap Plan B value?
The authorities regulates Medigap plans, however you purchase your plan from a non-public insurer who units the value you pay. Prices fluctuate on account of components corresponding to age, location and tobacco use. In a consultant California ZIP code (92589) in 2022, month-to-month Medigap Plan B premiums for a 65-year-old nonsmoker vary from $136 to $230.
To discover out what Medigap Plan B would value you, go to Medicare.gov.
When you flip 65 and enroll in Medicare Part B, you enter a one-time-only Medigap open enrollment interval that lasts for six months. Medigap plans are simpler and cheaper to purchase throughout this era than at another time.
During the Medigap open enrollment interval, your well being and medical historical past can’t be factored into insurers’ pricing or protection choices. After the interval ends, insurers can cost extra or deny protection primarily based in your well being standing or medical historical past.
If you might have questions on Medicare, go to Medicare.gov or name 800-633-4227 (TTY: 877-486-2048).