Medicare Supplement Plan K and Plan L
Save time and money when you shop online. Prices quoted on our site include a 6% discount on your monthly premium when you enroll online. (Discount not available in CA, CT and OH.)
A lower premium for less coverage, but out-of-pocket maximums limit the amount you may have to pay each year
Plans K and L offer the same basic benefits as other Medicare Supplement insurance plans, all with a lower monthly premium. In exchange for a lower premium, these cost-sharing plans cover less of the coinsurance and copayments than other Medicare Supplement insurance plans, but you’ll have the added security of a maximum out-of-pocket cost each year.
Medicare Supplement Plan K covers services similar to other Medicare Supplement insurance policies, but instead of paying all your costs, the plan pays a percentage. If you have a serious illness or injury, you have the protection of an out-of-pocket annual limit. Once you reach this “cap” on your out-of-pocket costs, the plan pays 100% of Medicare-approved costs for the rest of the year. This plan is a good option if you prefer a lower premium but still want a fair amount of coverage for a wide variety of services.
In general, Plan K offers a lower monthly premium than Plan L, but offers higher coinsurance amounts and a higher annual out-of-pocket limit.
This plan is similar to Plan K, except it covers a higher percentage of your costs, offers a lower annual out-of-pocket amount and out-of-pocket limit, and has a slightly higher monthly premium.
In addition to these basic benefits, Plan K also provides:
In addition to the basic benefits, Plan L also provides:
View or print this helpful chart showing all of our Medicare Supplement insurance plans side by side.
View plans with their premiums and copays. You can also see if the drugs you take are now covered and what they’ll cost based on your plan choice.