What does Medigap Plan L cover regarding hospice cost sharing?

Medigap Plan L specifically covers hospice cost sharing at a rate of 75%. This means that when a beneficiary is receiving hospice care under Medicare, Medigap Plan L will pay 75% of the cost-sharing requirements associated with that care.

In the context of hospice services, Medicare typically covers most of the costs, but there can still be out-of-pocket expenses, such as copayments for outpatient prescription drugs related to the treatment of a terminal illness or for inpatient respite care. Medigap Plan L helps with these costs, providing significant financial relief to beneficiaries.

Other Medigap plans may cover these costs differently or even have different coverage levels, which is why it's crucial for beneficiaries to understand the specifics of their plan. This coverage is a critical benefit for those who may face substantial medical costs while receiving hospice care.