What type of coverage does Plan K under Medicare Supplement Insurance include?

Plan K under Medicare Supplement Insurance provides partial coverage for certain costs, specifically covering 50% of the Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted. This plan also covers some preventive services at a rate of 100%, without deducing co-insurance.

Other key costs, such as the deductible for Medicare Part A and Part B, and the excess charges for out-of-network providers, are not covered under Plan K, which emphasizes its function as a partial coverage option rather than offering comprehensive benefits. This can help to manage out-of-pocket expenses, as there are significant costs that a beneficiary may still need to pay when using Plan K. Thus, in the context of Medicare Supplement Insurance, Plan K is designed to offer defined partial coverage rather than full coverage for all medical expenses.