Medicare Supplement Plan M
What is Medigap Plan M?
Medicare Supplement Plan M hit the Medicare insurance market in 2010, after the implementation of the Medicare Modernization Act. It offers a lower monthly premium, but requires you to pay half of your hospital deductible (Part A) and all of your annual outpatient deductible (Part B), as well as any excess charges. This plan is typically a good choice for people who don’t expect to visit the hospital often and don’t mind cost-sharing.