There are about 10 different Medicare Supplement Plans. All of them serve an important benefit. But two of them are the best and that are Plan M & N. Below will be a brief description of the benefits that the two plans offer. Starting with the M Plan
It is the same as the rest of the supplements plans. But the thing that makes it stand out is that it covers most of the outpatient follow-ups. It gives you a skilled nursing facility of Car Coinsurance. The costs of the first three pints of blood you receive in the hospital are covered by Plan M. It also covers Hospice care coinsurance or copayment. It also covers the cost of a foreign travel emergency. It also covers the costs up to an additional 365 days of the Part “A” Hospital cost even after all your Medicare benefits are used up. And let’s not forget that it also includes Medicare Part “A” Coinsurance and Medicare Part “B” Coinsurance or Copayment. And the last thing, it covers 50% of the Medicare Part A deductible.
So in conclusion, it is similar to the other plans of Medigap. But it is overall less costly, which gives it an edge over the other plans. Plus it is suitable for those who do not expect to visit the doctor often.
It is a supplement plan that is like the other ones; cover all the additional benefits that are not covered by Medicare Parts A and B. It covers all the cost of Hospital, Medical and other services that are excluded from the main Medicare Plan. Some might say that Plan N and F covers pretty much the same benefits but what makes this Plan special and attractive is that it is less expensive. The Benefits that it covers are mentioned below.
- Part A deductibles
- Part A hospice care copayment or coinsurance
- Part A hospital coinsurance and hospital costs up to 365 days are covered when Original Medicare benefits run out.
- Part B coinsurance costs
- Part B preventive care coinsurance
- First three pints of blood used in a medical procedure
- Skilled nursing facility (SNF) coinsurance
- Foreign Travel Benefits
You can purchase the Plan from any private firm in any state. But do keep in mind to compare it as the discounts vary from place to place. It has lower premiums than the other plans which make it the hot pick among people.
Below is a chart that tells about the benefits of Plan M and N so that you can have a better idea.
|Medicare Supplement Plans||Plan
|Part A Hospitals Coinsurance||Yes||Yes|
|365 Additional Hospital Reserve days||Yes||Yes|
|Benefit for blood||Yes||Yes|
|Part B Coinsurance||Yes||Co-pays|
|Skilled Nursing Facility Coinsurance||Yes||Yes|
|Part A deductibles||50%||Yes|
|Foreign Travel Benefits||Yes||Yes|
|Preventive Care Coinsurance||Yes||Yes|