Medigap Plan D
Medigap Plan D provides comprehensive, reasonably-priced coverage, including benefits such as your Part A deductible and much more. Here is everything you need to know about Plan D to decide whether or not it’s right for you.
Plan D Coverage
Plan D covers a lot of the basic out-of-pocket charges of Original Medicare. Its benefits include:
- 100% of Part A Coinsurance & Hospital Costs
- 100% of Part B Coinsurance/Copayment
- 100% of the First 3 Pints of Blood for Transfusions
- 100% of Part A Hospice Care Coinsurance/Copayment
- 100% of Skilled Nursing Care Facility Coinsurance
- 100% of your Part A Deductible
- 80% of Foreign Travel Emergency Care
Plan D Comparison
If you look at a list of the benefits offered by Medigap Plan N, you will notice that it is identical to Plan D. Why is this the case? Well, Plan N does not cover minimal Part B copayments and coinsurance—a copayment of up to $20 for some doctor office visits, and one of up to $50 for emergency room visits (that don’t require admission to a hospital).
What does this difference mean? Since these costs are covered under Part D, it will be a bit more average on a month-to-month basis than Plan N. You must decide, then, whether you prefer a slightly lower premium in exchange for small additional out-of-pocket costs, or if you would rather have a slightly higher premium and skip these costs altogether.
Signing Up for Medigap
An important thing to note for all Medigap plans is the application process. If you are recently eligible for Medicare, you should absolutely enroll in a Medigap plan as soon as possible.
Medigap enrollment takes place as soon as you’re enrolled in Original Medicare and are 65 years old. This period will last for 6 months. During this time, you can enroll in any Medigap plan regardless of health.
After this, however, you will have to undergo a process known as medical underwriting. If you are determined to be at too great a health risk, you will not be accepted into the plan.
If you are older than 65, don’t worry—there are many Medigap options still available. But, if given the choice, your best option is to enroll as soon as possible.
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