Medigap Plan D, one of the ten different Medigap Plan options you can buy to supplement your Medicare coverage. Plan D includes coverage for most of the Original Medicare coverage gaps for you.
What Doesn’t Plan D Cover?
One key item that set Medigap Plan D apart is that Plan D does not cover the Medicare Part B deductible. Also, Plan D does not cover any excess charges you incur. The Part B deductible for 2018 is $183. Part B excess charges are the fees that doctors may charge you if they do not accept the Medicare allowed amount. When considering a Plan D, touch base with your providers to make sure that you understand whether they accept Medicare allowable amounts. We have several articles here are justmedigap.com about Excess Charges if you would like to learn more about them and their function.
What Does Plan D Cover?
The Medigap Plan D does cover most of the important gaps in Medicare coverage. Plan D covers the 20% of outpatient services coinsurance. Medicare Plan D covers your Part A hospital coinsurance for out of pocket hospital costs. Plan D also covers an additional 365 days of hospital costs after Medicare benefits are used up. Medicare Plan D covers the first 3 pints of Blood products. Skilled nursing coinsurance is covered with Plan D as well.
Should I buy a Medigap Plan D?
When you are attempting to decide between Medigap Plans its important to compare the monthly cost of the plans and the benefits to you. The monthly premiums compared to the potential financial risks. Plans such as Medigap Plan F cover everything – its the “Cadillac” plan. However, Plan F can also occasionally come with a luxury price tag. If you are willing to help cover the cost of some of the out of pocket costs of Medicare you can often cash in on lower monthly premiums. The best way to figure out the right choice is to compare all your options and evaluate your personal situation.
Plan D or PART D – are you confused?
Were you initially confused by Plan D? We can understand that! Plan D is a Medicare Supplement Plan, also know as a Medigap Plan, but people often confuse it with PART D. Medicare Part D is the prescription drug coverage part of Medicare. Medicare Part D is a program available to all Medicare beneficiaries. Its basically your pharmacy coverage card and is very different that a Medigap supplement plan. Medigap Plan D is one of ten different Medicare supplement plans available for you to choose from. Don’t let the Parts and Plans or ABC’s of Medicare confuse you! Please reach out to us and we will be happy to help you develop a personalize plan to maximize your benefit options with Medicare.