Medicare Supplement Quote

Medigap Plan L

Medigap Plan L is one of the Cost Sharing Medigap Plan Offering Lower Premiums.

Medigap Plan L Benefits
Medigap Plan L

Medigap Plan L is another plan that can fit into those budget-conscious categories when you absorb some of the risk and expenses of Medicare’s typical out-of-pocket costs. You will get a lower monthly premium plan and absorb some of your health care costs. With this plan, the insurance carrier typically pays 75% of covered medical expenses, and you will pay the remaining 25% out of pocket. With Medigap Plan L, you will also be responsible for the Medicare Part B deductible and any excess charges.

Out-of-Pocket Max Protection with Medigap Plan L

There is an out-of-pocket maximum for Medigap Plan L policies set by Medicare annually. This number is assigned and adjusted annually by Medicare. For 2023 the number is $3,470 annually. That means that if your medical expenses reach that number, the insurance carrier will be required to pay all of the covered medical costs you incur in that plan year. This Out of Pocket Maximum protection is an excellent feature of this plan and can make the 25% cost-sharing seem more obtainable even if you have a severe medical issue. Many people are comfortable with plans with out-of-pocket protection because it is similar to many employee health plans you may be accustomed to having annually.

How to Get a Quote for a Plan L Policy

Not all insurance carriers have a Plan L, and not all airlines have all plans in all states. The quickest and easiest route to finding the right plan for your unique situation is to let us help! Contact us today, and we will help you get started with your Medigap Plan L supplement!