Medicare Supplement Plan M:
What Is It & What Does It Cover?
Medigap Plan M offers consumers a low-cost Medicare Supplement plan to increase their Medicare benefits. Medigap Plan M has low monthly premiums coupled with slightly higher out-of-pocket expenses. Medicare Supplement Plan M covers basic benefits 100% including the Medicare Part A and Part B co-insurance.
If enrolled in a Medicare Supplement Plan M the consumer is responsible to pay 50% of the Medicare Part A deductible, 100% of the Medicare Part B deductible and any excess charges that a physician may charge.
Excess charges can be applied by a physician that charges more than the Medicare approved cost. Although we don’t see this often, it’s always best to ask your provider before each visit or procedure if it will be a Medicare approved charge and if he/she plans to charge more.
As with all Medicare Supplement Insurance Plans, there is no network of doctors or hospitals to be concerned with when seeking care. The consumer has the freedom to choose any provider nationwide, so long as they accept Medicare.
Medigap Plan M Coverage Information
The Medigap plan M covers the following:
- All basic Medicare benefits provided by Plan A
- 50% of the Medicare Part A Hospital Deductible 50% (up to $550)
- 100% of Copayments for Doctor’s Office Visits or Emergency Room Visits
- 100% of Coinsurance for Medicare-approved Skilled Nursing Facilities
- Foreign Travel Emergency Care
The Medicare Supplement Plan M also covers Hospice Part A co-insurance (outpatient prescription drug co-payment and inpatient respite care coinsurance).
Medigap Plan M does not cover the following:
- Medicare Part B Deductible
- Medicare Part B Excess Charges
Learn More about Medicare Supplement Plan M by visiting our Resources Section and viewing Medicare Plan M Coverage per benefit period and per calendar year.
Ready to Talk to an Advisor?
At Senior HealthCare Solutions, we take the time to assess your situation and review all plans to see which will be the best fit for you. To compare Medicare Supplement Quotes and find the best Medicare Supplement Plan in your area, call us today by dialing 1-866-MEDIGAP (633-4427) or complete our Contact Form and one of our licensed advisers will be in touch.