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Medicare Supplement Insurance Plans K and L

Plans K and L provide less coverage than other Medicare Supplement insurance plans but offer lower premiums and a maximum out-of-pocket limit. Depending on the state where you live, you could get 6% off your monthly premium if you enroll online. (Discount not available in CA, CT, OH and PA.)

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What do Medicare Supplement Insurance Plans K and L cover?

Medicare Supplement Plan K

Plan K covers services similar to other Medicare Supplement insurance plans, but instead of paying all of your costs, it only pays a percentage. Another feature that makes Plan K different is the added protection of an out-of-pocket annual limit. Once you reach the limit, the plan pays 100% of Medicare-approved costs for the rest of the year.

In general, Plan K offers a lower monthly premium than Plan L, but higher coinsurance and a higher annual out-of-pocket limit.

Medicare Supplement Plan L

Plan L is similar to Plan K but covers a higher percentage of your costs and offers a lower annual out-of-pocket limit. This does, however, result in a higher monthly premium.

How do Medicare Supplement Insurance Plans K and L work?

Medicare Supplement Plan K coverage provides:

100% coverage for Medicare Part A hospitalization coinsurance plus coverage for 365 days after Medicare benefits end
50% hospice coverage for Medicare Part A coinsurance
50% of Medicare-eligible expenses for the first 3 pints of blood
50% Medicare Part B coinsurance, except for preventive care services, which are covered 100%

In addition to these basic benefits, Plan K also provides:

50% coverage for skilled nursing facility care coinsurance
50% coverage for your Medicare Part A deductible
$7,060 out-of-pocket annual limit for 2024 (out-of-pocket annual limit will increase each year for inflation)

Medicare Supplement Plan L coverage provides:

100% coverage for Medicare Part A hospitalization coinsurance, plus coverage for 365 days after Medicare benefits end
75% hospice coverage for Medicare Part A coinsurance
75% of Medicare-eligible expenses for the first 3 pints of blood
75% Medicare Part B coinsurance, except for preventive care services, which are covered 100%

In addition to the basic benefits, Plan L also provides:

75% coverage for skilled nursing facility care coinsurance
75% coverage for your Medicare Part A deductible
$3,530 out-of-pocket annual limit in 2024 (out-of-pocket annual limit will increase each year for inflation)

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