Medicare Supplement insurance plans offer 10 standardized plans available in most states, each covering different out-of-pocket expenses. Other states, such as Massachusetts, Wisconsin, and Minnesota, have their own standardized plans.
Medicare Supplement Plan A is also known as Medicare Plan A or Medigap Plan A is the first and most basic plan of Medigap. Unlike other types of Medigap, this plan offers the fewest but still valuable benefits.
Though it may sound the same, Medigap Plan A should not be mistaken as the same with Medicare Part A. Medicare Part A is the half part of Original Medicare which is responsible for inpatient coverage. Medicare Supplement Plan A, on the other hand, covers the “gaps” or the out-of-pocket costs from Medicare Part A and Part B.
Medigap insurance Plan A covers the following benefits:
- Part A coinsurance coverage
- Part A eligible hospital services
- The first three pints of blood per the calendar year
- Part B coinsurance coverage
- Medicare preventive care coverage
Medigap Plan A is only ideal if you are not someone who uses a lot of healthcare services and emergency room visits. With Medigap plan A, you will not have to pay for extra coverage that you might not use, but sometimes, you might have to pay additional charges.
It doesn’t cover the following and will be your out-of-pocket expenses:
- Medicare Part A deductible (1,364 in 2019)
- Skilled nursing facility coinsurance
- Medicare Part B deductible ($185 in 2019)
- Medicare Part B Excess charges
- Foreign travel emergency
How much does Medicare Plan A cost?
Medigap plan prices vary greatly in location and between insurance companies that sell Medigap. The average monthly cost of Medicare supplement plan A is $360.
How many people are covered with Medigap Plan A?
In 2016, there are about 151,189 people who have Medigap Plan A. That’s about 1% of the total Medigap policy holder’s population.
Is Plan A for me?
Before choosing this plan, make sure that you have compared all the other different types of Medigap first. Use a Medicare Supplement Plan comparison chart for an easier comparison of benefits.
Depending on the plan, you may have to pay for deductibles and other payables before you receive the benefits. If you still have questions about Medigap Plan A, it is best to get in touch with a licensed insurance agent. Your agent will educate you with the detailed coverage and costs about this type of Medicare supplement.
Feel free to to request for Medigap quotes from us! One of our best licensed insurance agents willget in touch with you to discuss your Medigap options.
The website and all of its contents are for informational purposes only. Nothing on this website should substitute any professional medical advice.