Plan M

E549830

Plan M is a standardized Medicare Supplement (Medigap) insurance plan that offers moderate coverage of Original Medicare costs in exchange for lower monthly premiums, typically requiring beneficiaries to pay a portion of the Part A deductible.

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Statements (48)

Predicate Object
instanceOf Medicare Supplement insurance plan
standardized Medigap plan
appliesTo individual Medicare beneficiaries, not groups
availability varies by state and insurer
benefitDesignGoal trade lower premiums for higher cost sharing on Part A deductible
benefitStandardization benefits are identical across insurers offering Plan M
benefitStructure defined by federal Medigap standardization rules
cannotBeCombinedWith Medicare Advantage plans NERFINISHED
comparedWith Plan F NERFINISHED
Plan G NERFINISHED
Plan N NERFINISHED
costSharingLevel moderate
country United States of America
surface form: United States
coverageType supplemental insurance to Original Medicare
covers 50% of Medicare Part A deductible
80% of approved foreign travel emergency costs up to plan limits
Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up
Medicare Part B coinsurance or copayment
Part A hospice care coinsurance or copayment
first three pints of blood per year
portion of Medicare Part A deductible
skilled nursing facility care coinsurance
doesNotCover Medicare Part B deductible
Medicare Part B excess charges
foreign travel emergency care at 100%
excludes long-term custodial care coverage
prescription drug coverage
guaranteedRenewable yes, if premiums are paid
introducedBy Medicare Improvements for Patients and Providers Act of 2008 NERFINISHED
isPartOf Medigap plan system NERFINISHED
marketingName Medigap Plan M NERFINISHED
policyType individual health insurance policy
premiumLevel moderate to lower relative to more comprehensive Medigap plans
premiumPaymentFrequency usually monthly
regulatesUnder Centers for Medicare & Medicaid Services NERFINISHED
federal Medicare regulations
relationshipTo Original Medicare NERFINISHED
relativeCoverageLevel less comprehensive than Plan G and Plan F
more comprehensive than some basic Medigap options that lack skilled nursing facility coinsurance coverage
requiresBeneficiaryToPay portion of Medicare Part A deductible
requiresEnrollment enrollment in Medicare Part A
enrollment in Medicare Part B
soldBy private insurance companies approved to offer Medigap policies
standardizedBy National Association of Insurance Commissioners Medigap model NERFINISHED
standardizedSince June 1, 2010
supplements Medicare Part A NERFINISHED
Medicare Part B NERFINISHED
targetPopulation Medicare beneficiaries seeking lower premiums with some cost sharing

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.