A low-cost, basic benefits plan, Medicare Supplement Insurance Plan B* offers New Mexico seniors peace of mind and confidence in supplemental coverage they can afford. With this plan, you can count on having your Part A deductible covered, as well as 100 percent of your hospitalization coinsurance from days 61-90. This plan also pays for an additional 365 days of hospital care after Medicare benefits end and 100 percent of the costs of the first three pints of blood. Plan B covers your coinsurance/copayment for hospice care and is a practical, easy way to supplement Medicare coverage.
Medicare Part A helps pay for hospitalization expenses, but it doesn’t pay for everything and after day 60, you’re on your own. A Medicare Supplement Insurance plan picks up where Original Medicare ends. For hospitalization, Medicare Supplement Insurance Plan B covers 100 percent of your Part A coinsurance from day 61 through day 90 ($400 a day) and the remainder owed after day 90 ($800 a day). Pays for all Medicare-approved costs for an additional 365 days of hospitalization after your Medicare Lifetime Reserve benefits end. The costs for the first three pints of blood are covered 100 percent, and your Medicare copay and coinsurance for hospice care are covered completely.
Medicare supplement Insurance plan B also helps cover some of the out-of-pocket costs of seeing a doctor, receiving outpatient care, and other hospital services like surgical care or certain diagnostic tests. Even with Medicare, seniors typically must pay 20 percent for these services. This plan covers these charges after your Part B deductible has been met, helping reduce your out-of-pocket expenses. It also covers the remaining costs for home health care after your Part B deductible has been met. That means if you need to see a doctor, this plan covers your coinsurance or the remaining 20 percent of Medicare-approved amounts.
- Part A deductible
- 100 percent of hospitalization coinsurance days 61-90
- 365 extra days of hospital care after Medicare coverage ends
- 100 percent of the cost of the first three pints of blood
- Medicare copayment/coinsurance for hospice care
What You Can Expect To Pay
With Medicare Supplement Insurance Plan B, you will be responsible for paying a monthly premium, as well as your Part B deductible. You should expect to pay for any hospital care you receive beyond 365 extra days of hospital care after your Medicare Lifetime Reserve is used and any costs not covered by Medicare in a skilled nursing facility after 21 days. You may visit any Medicare-eligible hospital you choose. However, if you live within a 30-mile radius of a Medicare Select participating hospital and agree to use that hospital for non-emergency elective admissions, you can save on your premiums.
A low-cost, basic benefits plan, with Medicare Supplement Insurance Plan B, you can expect to pay a monthly premium as well as your Part A and Part B deductible. You will also be responsible for any Part B excess charges that Medicare does not pay and coinsurance for skilled nursing care.
As long as you continue to pay your premium, your benefits can never be terminated and your plan is renewable, despite your health.