Medigap Plan H
| Medigap Plan H Policy Coverage | |
|---|---|
| Basic Benefits |  |
| Part A Deductible | |
| Part B Deductible |  |
| Part B Excess | |
| Skilled Nursing Coinsurance | |
| Foreign Travel Emergency | |
| At Home Recovery | |
| Additional Preventative Care | |
Quick Introduction to Medigap Plans
Medigap is a private health insurance policy that is designed to cover medical costs not covered by Medicare programs. It covers many of the costs that people would otherwise have to pay individually such as copayments, coinsurance, and deductibles. There are twelve different Medigap plans ranging from A to L. Any insurance company offering Medigap plans is required to offer Plan A, other plan availability will vary by insurance company and by state. Medigap policies do not cover long-term care such as nursing homes, vision or dental care, hearing aids, eyeglasses or private-duty nursing. This article will deal exclusively with Medigap Plan H policies covering some of the benefits and other considerations.
More on Medigap Plan H
Benefits of Medigap Plan H Policies
Medigap Plan H policies provide Basic coverage in addition to other benefits. Basic coverage of all Medigap plans includes:
- Medicare Part A Coinsurance, and all costs after hospital benefits are exhausted
- Medicare Part B Coinsurance or Copayment for other than preventative services
- Blood (first 3 pints). Medicare typically covers all costs associated with blood after the first 3 pints.
- Medicare Preventative Care Part B Coinsurance
In addition, Medigap Plan H provides the following additional benefits:
- Skilled Nursing Facility Coinsurance - For each benefit period, Medicare covers the first 20 days. After day 20 and up through day 100 you normally would pay up to $133.50 per day. Medigap Plan H policies cover these costs.
- Medicare Part A Deductible - For each benefit period, Medicare typically requires payment of a $1,068.00 deductible for the first 60 days of a hospital stay. Medigap Plan H policies cover these additional costs.
- Foreign Travel Emergency - Medicare typically does not cover any costs associated with medical care provided outside the United States. Medigap Plan H policies cover many of these additional costs, up to plan limits.
Not Covered in Medigap Plan H Policies
Hospice Care Coinsurance or Copayment
You may be required to pay up to $5 for each drug a hospice provides when you are getting hospice services in your home and 5% of the Medicare-approved amount for each day of inpatient respite care (up to certain limits).
Medicare Part B Deductible
You will need to cover the $135 yearly deductible.
At-home Recovery (Medicare-approved home health care to provide treatment ordered by your doctor for an illness or injury.)
You will pay 100% for services not covered by Medicare.
Preventive Care not Covered by Medicare
You pay all costs.
Source: Centers for Medicare & Medicaid Services, Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare (2009).
Conclusion
These may or may not be important expenses and limitations, depending on your situation. If a Medigap Plan H policy doesn't meet your needs, consider Medigap Plan I policies.