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.