Underwriting is the process assessing risk of issuing insurance. Undewriters evaluate applications,
Medigap Plan M is one of the more popular Medicare supplement plans because it often has low monthly premiums while still offering a decent amount of coverage. Plan M was crafted as an option to allow Medicare recipients to trade a little more exposure to medical expenses for a lower monthly premium on their coverage.
Although Plan F, G, and N are the most popular options, Plan M is very similar in coverage to Plan N and can sometimes have lower monthly premiums as a result. Plan N is usually the least expensive option out of the most popular plans, but it does not cover the Part B deductible or co-payments for doctors and emergency room visits. Similarly, Plan M does not cover the Part B Deductible and Excess Charges. Plan M differs from Plan N because it doesn’t require co-payments, and it only covers 50% of your part A deductible.
Medigap Plan M Coverage
Medicare Supplemental Plan M covers the following Medicare expenses:
- Medicare Part A Coinsurance & Hospital Costs –
- Medicare Part B Coinsurance and Copayment except $20 for some office visits & $50 for E.R. visits –
- Blood (First 3 Pints) –
- Part A Hospice Care Coinsurance or Copayment –
- Skilled Nursing Facility Coinsurance –
- Medicare Part A Deductible – 50%
- Medicare Part B Deductible –
- Medicare Part B Excess Charges –
- Foreign Travel Emergency (up to plan limits) –
Plan N covers everything that Part F and G cover except for: Part B deductible, Part B excess charges, and 50% of the Part A deductible.
What Medigap Plan M Does NOT Cover
Plan N covers everything that Part F and Part G cover except for: the Part B Deductible, Part B Excess Charges, and 50% of the Part A Deductible.