All Medicare Supplement plans offer additional benefits to help cover health care costs or pocket costs that are left by Original Medicare. However, each plan has different coverage benefits, and they are sold by private insurance companies approved by the federal government. Just like Medigap Plan A, Plan B doesn’t provide Medicare beneficiaries with much more benefits. The only difference is that this plan covers Part A deductible and Plan A doesn’t. All other benefits are the same, they are basic benefits, in general.
Medigap Plan B Coverage
As already explained, we can conclude that Plan B coverage benefits are:
- Part A coinsurance (hospital costs up to 1 year after the additional benefits are dried out)
Medicare Part B coinsurance and copayment
First three pints of blood each year
Medicare part A deductible
Part B preventive care coinsurance
Additionally, you’ll not get coverage for:
Skilled nursing facility care coinsurance
Medicare Part B deductible
Medicare Part B excess charges
Foreign travel emergency
- prescription drug plan
Medigap Plan B costs
With a covered Part A annual deductible, you will be responsible for a monthly premium which can be up to 210$, and a Part B deductible which is $226. The monthly premium depends on several factors and is different from person to person.
Is Medigap Plan B Good Option?
Medigap Plan B is one of the plans that have less comprehensive supplemental coverage for medical expenses in comparison to other Medigap policies. It is not much different than Medigap Plan A because it has only one additional plan benefit. Still, it has lower monthly premiums than other comprehensive plans, so if you are not worried about foreign travel because you don’t go outside the USA, and think that you don’t need some hospital services or money doesn’t worry you this can be a good option. But, if you want to be more covered for possible pocket costs you should consider plans with better benefits.