Medicare Supplement Plan K

medicare supplement plan k

Medicare Supplement Plan K covers the basic set of benefits. These basic benefits include most Medicare Part A and B coinsurance amounts, blood, and additional hospital benefits not covered by Original Medicare. Plan K also covers the Part A Deductible(50%) and Skilled Nursing Facilities(50%). Medicare Supplement Plan K has an out-of-pocket annual limit of $5,880 in 2020.

Medicare Supplement Plans K, L and M combined, accounted for 1% of all Medigap plans sold in 2018. Plan K does not cover the Part B deductible and pays for half of the Part A deductible. Plan K is not offered by many insurance companies and as a result,  is one of the least popular Medigap plans. However, it is an affordable option for many people.

Part A Hospital Coinsurance

  • Days 61-90 of a hospital stay in each Medicare benefit period.
  • Days 91-150 of a hospital stay. Medicare will only pay for these 60 days once during your lifetime.

Additional Part A Hospital Benefits

  • An extra 365 days of inpatient hospital care after you use your Original Medicare hospital benefits.

Part B Coinsurance

  • Pays for the Part B coinsurance at 50% after you meet your annual deductible.

Part A and B Blood Coverage

  • Pays for the first three pints of blood at 50% per calendar year.

Part A Hospice Coinsurance

  • Pays for outpatient prescriptions drug and inpatient respite care coinsurance at 50%.

Part A Deductible

  • In 2020, the Medicare Part A Deductible is $1,408. Medigap Plan K covers the deductible amount at 50%.

Skilled Nursing Facilities

  • In 2020, the co-payment for skilled nursing is $176/day for days 21-100. Medigap Plan K covers the co-payment amount at 50%.

Enrollment by State

The following data is provided by Ahip.org and it is as of December 31, 2018:

  • Florida leads all states with 8,606 enrollees in Plan K. Plan K had more enrollees than Plan A and Plan L.
  • New York is 2nd with 8,534 enrollees in Plan K. Plan K had more enrollees than Plan D and Plan L.
  • California had 6,394 enrollees in Plan K. Plan K had more enrollees than Medigap Plans B, D, and also L.
  • Texas had 5,748 people enrolled in Plan K. Plan K had more enrollees than Plan L.
  • New Jersey had 3,276 enrollees in Plan K. Plan K had more enrollees than Plan B and Plan L.
  • Ohio had 2,883 people enrolled in Plan K. All of the other Medigap plans had more enrollees than Plan K.
  • Pennsylvania had 2,742 enrollees in Plan K. ll of the other Medigap plans had more enrollees than Plan K except Plan L.
  • Arizona had 2,429 enrollees in Plan K. Plan K had more enrollees than Plans A, B, D and also L.