The two most popular Medicare cost-sharing plans are Medicare Supplement Plan L and Plan K. Both have identical benefits but different cost-sharing levels. Each also has an annual out-of-pocket maximum, which protects you from outrageous medical bills by covering 100% of your healthcare costs once the maximum is met.
Everyone’s healthcare and budget needs will differ, and one of the great things about Medigap plans is that there are varying levels of benefits to help you find benefits that match your individual needs.
While Medicare cost-sharing plans aren’t included in the best Medicare Supplement plans, they still offer value. Not all carriers offer every plan option, but if you’re looking for a Medigap Plan K or Plan L, speak to a licensed insurance agent that represents the top-rated insurance companies in your area.