Medicare Supplement Plan L

medicare supplement plan l

More than 63 million Americans depend on Medicare for health coverage today.

Many are choosing Medicare Supplement (Medigap) plans to help cover what Medicare doesn’t. And among these, Medicare Supplement Plan L is quite popular for its special features and benefits, especially for seniors.

As you look into your health coverage options in the U.S., it’s important to know about Plan L’s details. This knowledge can make a big difference in getting the right care and financial help you need.

What is Medicare Supplement Plan L?

Medicare Supplement Plan L helps individuals with original Medicare by covering more costs. These plans come from private insurance companies. They pay some healthcare costs that basic Medicare does not.

Overview of Medicare Supplement (Medigap) Plans

Medigap plans add to what original Medicare covers (Part A and Part B). All but three states use the same rules for these plans. You need both Medicare Part A and B to get a Medigap plan, like Plan L.

Importance of Medicare Supplement Plan L

Plan L is a key choice for those wanting to lower what they pay out of pocket. It puts a yearly limit on what you spend for health services. This helps you control costs and plan for medical needs.

Coverage Provided by Medicare Supplement Plan L

Medicare Supplement Plan L, or Medigap Plan L, fills in the gaps of your original Medicare. It helps pay for many healthcare costs. Let’s look at what Plan L includes.

Part A Coinsurance and Hospital Costs

Plan L takes care of the Part A coinsurance and hospital bills for up to 365 days once Medicare stops. So, you don’t have to worry about prolonged hospital stays.

Part A Deductible and Hospice Care

It also handles 75% of the Part A deductible and hospice care costs. This is a big help with inpatient care or if you need hospice.

Blood and Skilled Nursing Facility Care

This plan pays for 75% of the first 3 blood pints. After that, if you need more blood, it covers everything after the Part B deductible is met. It also takes care of most of the skilled nursing facility costs.

Part B Coinsurance and Copayments

For Part B, Plan L pays 75% of the coinsurance or copayment. This lessens the costs of outpatient services and drugs.

But, it doesn’t help with the Part B deductible, excess charges, or overseas travel. It’s essential to understand what Plan L covers to choose the right plan for you.

Out-of-Pocket Limit in Medicare Supplement Plan L

Healthcare costs can make a big dent in your wallet. That’s why the out-of-pocket limit is so important. Medicare Supplement Plan L, or Medigap Plan L, has a key feature – the out-of-pocket limit. It helps Medicare beneficiaries protect their money.

What is an Out-of-Pocket Limit?

The out-of-pocket limit is the most you’ll have to pay in a year for certain healthcare. After you hit your yearly deductible and this limit, you won’t pay more for covered services. This gives you peace of mind and saves you money when dealing with healthcare costs.

Out-of-Pocket Limit for Plan L

For 2024, Plan L’s out-of-pocket limit was $3,530. So, once you’ve spent this amount on covered services, your cost goes to zero for the rest of the year. This perk is great for those with ongoing health needs or many medical visits.

It’s important to know how Plan L’s out-of-pocket limit works. With this info, you can choose your healthcare coverage wisely. You’ll be better at managing your healthcare costs and finding the best Medicare plan for your situation.

Medicare Supplement Plan L and Chronic Health Conditions

Medicare Supplement Plan L, also known as Medigap Plan L, can help a lot when facing chronic health conditions. It offers a out-of-pocket spending limit to protect your finances. This is especially useful for those dealing with multiple health issues for a long time.

Health problems like diabetes, heart issues, and breathing conditions can require frequent visits to the doctor. They may also need lots of medicine and even hospital stays. You might have to pay a big part of these costs yourself. After your Medicare coverage, there might still be out-of-pocket expenses. Plan L makes sure you don’t spend more than a certain amount each year. This helps people with chronic conditions manage their money better for healthcare. It gives them peace of mind about their expenses.

Also, Medigap plans are the same across the U.S. Every Plan L, no matter where you live, provides equal coverage. This fact lets people check different plans to choose the best for them. They can easily make smart decisions about their health insurance, no matter what state they’re in or which company they use.

With Plan L’s out-of-pocket limit and the nationwide standardization of Medigap plans, it’s a good option for those with ongoing health issues. It helps them control healthcare costs and keep financially stable.

Eligibility and Enrollment for Plan L

To join, you need Medicare Parts A and B. You’re in Medicare and want extra help with costs through a Medigap policy.

Requirements for Medigap Enrollment

Getting a Medigap plan has rules:

  • You and your spouse need separate policies.
  • Make sure you have Medicare Part B first.
  • You get a fair shot even if you’re not healthy when you first sign up.

Enrollment Periods for Plan L

Joining Medigap Plan L is best within your first 6 months of Part B. This special period makes it easier to get a policy, no matter your health. This starts the month you turn 65.

If you miss the first chance, don’t worry. Some life events or losing coverage might help you enroll later. It’s key to know your chances to get Plan L when you need it.

Costs and Premiums of Medicare Supplement Plan L

Medicare Supplement (Medigap) Plan L costs and premiums can change big time. Some key things affect how much you pay each month. These include your age, if you smoke, where you live, and even if you’re a man or a woman. The insurance company also plays a big part in setting prices.

Factors Affecting Plan L Premiums

Each month, Plan L usually costs more than Plan K but might be less than certain other plans. This is because Plan L has a lower limit on what you pay out of pocket.

Where you live makes a difference too. Places like Massachusetts and Minnesota might let you pay less for Plan L. You could get discounts for signing up online or through specific insurance companies like Blue Cross Blue Shield.

Plus, how old you are, whether you’re a man or a woman, and if you smoke or not change the price. Younger folks and those who don’t smoke often pay less. But, older adults and smokers might see higher prices.

It’s smart to look around before picking a Plan L. Compare costs from different companies. A licensed insurance agent can be a big help. They can guide you to the best Medicare supplement plan for your needs and budget.

Comparing Medicare Supplement Plan L to Other Plans

Medicare Supplement Plan L is a strong choice for extra insurance. It’s similar to Plan K but has key benefits. These differences make Plan L worth looking into.

Plan L vs. Plan K

Plan L and Plan K both help with Original Medicare costs. But, Plan L gives better coverage. It pays for 75% of the Part A deductible and costs, while Plan K does 50%. Plan L also has a lower out-of-pocket limit, just $3,110 in 2021, compared to Plan K’s $7,550 limit.

Plan L vs. Other Medigap Plans

Plan L is a good mix of low-cost and solid coverage. It’s not as pricey as Plan F or G, but it still protects well. What’s great is that Plan L has an out-of-pocket limit every year.

Deciding between Medicare Supplement Plan L and other plans is personal. It depends on your health, how much you can spend, and what you want. So, take your time to look into different plans. Find the one that’s right for you.


Medicare Supplement Plan L helps Medicare users with their healthcare costs. It covers what original Medicare does not, like copayments and deductibles. This is great for those who visit the doctor often.

Plan L has a limit on how much you have to pay each year. This limit gives you comfort knowing your spending is under control. So, when picking your Medicare coverage, think about Plan L’s advantages and costs.

Choosing a Medigap plan like Plan L means looking at what your health and wallet need. Think about your health needs and what you can pay. This way, you choose a plan that keeps you healthy and safe.

What is the importance of Medicare Supplement Plan L?

It’s key because it sets a limit on your yearly out-of-pocket spending. This cap means you won’t have to worry about paying beyond a certain amount each year for covered medical needs. It can help you plan your health expenses better.

What does Medicare Supplement Plan L cover?

Plan L covers several health care costs. This includes full coverage for Part A coinsurance and hospital costs for another 365 days after your original Medicare runs out. It also helps pay 75% of the Part A deductible, Part A hospice care coinsurance, and blood costs up to a certain point.

It also pays 75% of the Part B coinsurance/co-payment and covers 75% of skilled nursing facility care costs.

What is the out-of-pocket limit for Medicare Supplement Plan L?

For 2024, the cap is $3,530. After you’ve spent this amount and also paid your Part B deductible, Plan L covers the rest at 100%. That means you don’t have to pay anything more for the covered services that year.

How does the out-of-pocket limit in 

How does the out-of-pocket limit in Plan L benefit those with chronic health conditions?

This limit really helps folks dealing with long-term health issues. It stops their bills from piling up too high. With a yearly spending cap, it’s easier for them to handle their medical costs. This brings financial relief and peace of mind.

What are the requirements for eligibility and enrollment in Medicare Supplement Plan L?

You need to have both original Medicare Parts A and B to get Plan L. You must buy your own Medigap policy. If you’re married, your spouse needs their own. You can get Plan L during your 6-month Medigap open enrollment, starting when you’re 65 and have Medicare Part B.

To get more information about Medicare Supplement Plans and a free plan pricing comparison, call our Medicare specialists at (866) 868-0099 or contact us through our website.

Sonny O'Steen
Latest posts by Sonny O'Steen (see all)
Share the Post: