Medicare Supplement Plan K

Medicare Supplement Part K in Colorado requires you to pay a portion (50%) of select costs including co-payments, coinsurance, and deductibles.

Only when you reach your cap would the plan cover 100% of your Medicare approved costs beyond that. Because of this, Supplement Plan K may be a good option if you have low medical expenses, prefer a lower monthly premium, and are ok assuming some medical costs.

Medicare Supplement Plan K includes the following benefits:

• 50% of Medicare Part A coinsurance for hospitalization in addition to coverage for one additional year after Medicare benefits end
• 50% of Medicare Part B coinsurance for medical expenses — usually 20% of Medicare-approved expenses — or co-payments for outpatient services
• 50% after the first three pints of blood you receive as a hospital inpatient or outpatient (whereas original Medicare typically covers any pints of blood you receive after the first three)

• 50% of Medicare Part A coinsurance for hospice care
• 50% of Medicare Part B preventive care coinsurance
• 50% of Medicare Part A deductible
• 50% of Skilled nursing facility care coinsurance

Medicare Supplement Plan K does not cover:

• Medicare Part B deductible
• Medicare Part B excess charges
• Foreign travel emergency coverage