Medicare Supplement
Plan L

What is Medicare Supplement Plan L?

Plan L is a cost-sharing Medicare Supplement plan option that offers lower monthly premiums compared to Plan F or G. In exchange for those lower premiums, you will have 75% coverage on most expenses that Original Medicare does not cover. You will be financially responsible for the other 25%. You also will be responsible for paying the Medicare Part B deductible and excess charges.

Medicare Supplement Plan L’s Out-of-Pocket Maximum

There is a cap on the expenses you are responsible for when you choose Plan L. This is also known as the out-of-pocket maximum. In 2020, the limit is $2,940, but that number changes annually. If someone with Plan L reaches the out-of-pocket limit, then their insurance plan will pay the rest. This limit on out-of-pocket costs makes it a much more appealing plan, because if you have unexpected medical needs then you know exactly how much of the financial responsibility will be yours.

Medicare Plan L Carriers

Most states allow insurance providers to choose which Medicare Supplement Plans they want to offer. This means that options like Plan L and K may not be available from most insurance companies, unlike the popular Plan F or Plan G.

How can I get a quote?

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