Medicare Supplement

Medigap Plan K

Medicare Medigap Plan K is a cost-sharing, standardized Medicare Supplement plan that offers lower monthly premiums in exchange for higher out-of-pocket expenses.

It covers 50% of most Medicare cost-sharing requirements, including Part A deductibles, hospice, and skilled nursing coinsurance, featuring an annual out-of-pocket limit ($8,000 in 2026) for protection against high costs.

Medigap Benefit

Plan K

Part A - Coinsurance and Hospital Costs

Up to an additional 365 days after Medicare benefits are used

50%

Part B coinsurance or copayment

50%

Blood benefit (first 3 pints)

50%

Part A Hospice Care Coinsurance or Copayment

50%

Skilled Nursing Facility Care Coinsurance

50%

Part A Deductible

50%

Part B Deductible

Part B Excess Charge

Foreign travel emergency

Up to plan limits

Out-of-pocket limit**

$8,000 in 2026

Note: For Plans K and L, after you meet your out-of-pocket yearly limit and your yearly Part B deductible ($283 in 2026), the Medigap plan pays 100% of covered services for the rest of the calendar year.

The chart above shows basic information about the different benefits Medigap policies cover

100% = the plan covers 100% of this benefit
X = the plan doesn’t cover this benefit
% = the plan covers that percentage of this benefit and you’re responsible for the rest
N/A = not applicable

The Medigap policy will only pay your coinsurance after you’ve paid the deductible (unless the Medigap policy also covers your deductible).