Let’s Have a Look at Medicare Supplement Plan K
Plan K also covers the Part A hospital deductible, any cost sharing with hospice benefits, skilled nursing co-insurance, Part B co-insurance and 50% of the Part A and Part B blood deductibles. Plan K will cover 100% of all cost sharing under Medicare Parts A & B for the rest of the calendar year once you reach your out-of-pocket limit.
Days 1-60 – $1,288 Part A Deductible. (YOU PAY 50%, Plan K pays 50%)
Days 61-90 – $322 per day co-payment. (Plan K Pays)
Days 91-150 – $644 per day Lifetime Reserve Days co-payment. When your hospital stay exceeds 90 days during a benefit period, a feature referred to as “Lifetime Reserve Days” takes effect. Lifetime Reserve Days are 60 extra days of Medicare-paid care, subject to the $644 per day co-payment.
When you use a reserve day, Medicare permanently subtracts it from your 60-day lifetime limit. (Plan K Pays)
Beyond the additional 365 days. (YOU PAY)
FOR SKILLED NURSING CARE
Days 1-20. (Medicare Pays)
Days 21-100. (YOU PAY up to 50% per day, Plan K pays 50%)
Days 101 and after. (YOU PAY)
Part B Monthly premium of $121.80. (YOU PAY)
Part B $166 deductible. (YOU PAY)
20% of all Medicare approved expenses after the deductible. (YOU PAY 10%, Plan K Pays 10%)
All costs for items not covered by Medicare. (YOU PAY)
Part B Excess Charges. (YOU PAY)
Foreign Travel Emergency. (YOU PAY)
You have an out of pocket limit of $4960
Your Recommended Agent is Greg from BGA Insurance Group
Greg Gudis – Licensed agent ready to assist you during the enrollment period in 2017. Please fill out the form below to send your information to Greg so that he can contact you with the best advice and plan information for your current situation. He can also provide expert advice on retirement planning, life insurance, and long-term care.
This is a solicitation of insurance. By providing this information, you agree that an authorized representative or licensed insurance agent/producer may contact you by phone, e-mail, or mail to answer your questions or provide additional information about Medicare Advantage, Part D or Medicare Supplement Insurance plans.
Benefit details provided by BGA Insurance Group – http://www.bgainsurance.net/medicare-supplement-plan-k-nj-medigap/