Medicare Supplement Plan L
What is Medigap Plan L?
Like Plan K, Medicare Supplement Plan L is another cost-sharing policy. In exchange for lower premiums, you will pay 25% of your covered medical expenses and cover the costs of the Part B deductible, excess charges, and any foreign travel emergencies. Also like Plan K, Plan L places a cap on your out-of-pocket expenses. If you reach that cap, or out-of-pocket maximum, then Plan L will pay the rest of your medical expenses for that year.