Medigap Plan L
Plan L works like Plan K at a richer share: full Part A hospital coinsurance, then 75% — instead of Plan K's 50% — of Part B coinsurance, blood, hospice cost-sharing, skilled nursing coinsurance, and the Part A deductible. Its annual out-of-pocket limit is lower, too: once you've met the annual Part B deductible and spent $4,000 in 2026, the plan pays 100% of Medicare-covered costs for the rest of the calendar year.
Who Plan L tends to fit
- People who like Plan K's capped-risk design but want the plan carrying more of the load — 25% cost-sharing instead of 50%, and a lower ceiling ($4,000 vs $8,000).
- People who expect steady medical use: the more care you actually receive, the more the 75% share and the lower limit matter.
- Shoppers who want a middle step between the cost-sharing designs and full-coverage letters like G — quote all three and compare.
The trade-offs
- You still pay 25% of most cost-sharing until you reach the $4,000 limit — predictable, but not zero.
- No foreign travel emergency benefit, and Part B excess charges aren't covered — and excess charges don't count toward the out-of-pocket limit.
- Whether the richer share justifies Plan L's premium difference against Plan K is arithmetic for your own quotes and your typical year, not a rule of thumb.