What is a key feature of Medigap Plans K and L?

The key feature of Medigap Plans K and L is that they offer different benefits compared to other Medigap plans. Specifically, these plans are designed with cost-sharing features, meaning that they have higher out-of-pocket costs than some other plans, but they also have lower monthly premiums. This makes them suitable options for individuals who prefer to pay less each month while being willing to share in some of the costs for healthcare services.

Plans K and L differ in terms of coverage limits for certain services, specifically related to cost-sharing for out-of-pocket expenses. For example, Plan K covers only 50% of certain services, and Plan L covers 75%. This structure is important for individuals to consider when evaluating their health care needs and financial responsibilities. Understanding these unique benefits can help beneficiaries make informed choices based on their specific health care usage and budget.