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Plan M

Learn about Medicare Supplement Plan M

In all states, with the exception of Massachusetts, Minnesota, and Wisconsin, which have their own standardized Medicare Supplement plans, there are eight standardized Medicare Supplement Insurance plans that can be purchased. Medicare Supplement Plan M is one of those eight. Due to the fact that they fill up the coverage gaps left by Original Medicare Parts A and B, these plans are also known as Medigap. One of the more well-known Medicare supplement plans, Medicare Supplement Plan M, also known as the “shared deductible plan” because of its frequently inexpensive monthly rates and respectable level of coverage, is also known as the “shared deductible plan.”

Medicare Supplement Plan M - Coverage 


Your hospitalization deductible under Original Medicare Part A is covered to a 50% extent by Plan M. You would be responsible for paying $800 toward yearly out-of-pocket costs for services like inpatient hospital care, care in a skilled nursing facility, hospice care, and some home health services in 2023 because the deductible is $1,600. You are also in charge of covering the whole yearly outpatient deductible when using Plan M.


Hospital Expenditures

Up to 365 days of hospital expenditures are covered at 100% of Original Medicare Part A coinsurance once Original Medicare Part A benefits have been exhausted.

Medical Costs

Original Medicare Part B coinsurance or copayments are considered medical expenses.


First three pints of blood you get during a medical treatment are called a transfusion.

Hospice Care

Original Medicare Part A hospice coinsurance or copayments are paid in full.

Nursing Care at a Facility

100% Coinsurance Paid by Skilled Nursing.

Extra Expenses

Pays 50% of the Original Medicare Part A deductible for extra hospital expenses.

Foreign Travel Medical Emergencies

Up to the plan's maximums, this benefit pays 80% of foreign travel emergency medical coverage.



Medicare Part B Deductible

In 2023, the Part B deductible will be $226. For the majority of doctor services, outpatient therapy, and durable medical equipment, you pay 20% of the Medicare-Approved Amount (the amount a doctor or supplier who accepts assignment can be paid in Original Medicare) after the deductible is reached.

Part B Excess Charges

Providers who refuse to accept Medicare assignment may do so by charging up to 15% more than what Medicare will actually pay. The Medicare-approved price for a certain medical service is known as the Medicare assignment. Medicare-approved providers will accept a Medicare assignment.

Prescription MEDs

Prescription medications are not covered under Medigap Plan M. To cover the expense of prescription medications, you can purchase an extra Medicare Prescription Drug coverage.


Who can use this supplement plan?

People in good health, those who don’t frequently need hospital or skilled nursing care, and those who can budget for unforeseen medical emergencies find Supplement Plan M to be appealing.

Medicare Plan M - Pros

Medicare Plan M – Cons

Medicare Supplement Plan M - What does it cost? 

Age, health status, gender, and a number of other characteristics are taken into consideration when determining the monthly premiums charged by the private insurance firms that provide Medicare Supplement Insurance. The same Medicare Supplement Plan M may have varying premiums charged by insurance companies depending on these criteria, including geography.


It is therefore in your best interest to compare prices to make sure you are spending as little as possible for your Medigap coverage. The Medigap insurance provider cannot terminate your coverage unless you fail to pay the plan premium, you lied on the application, or the provider goes bankrupt or becomes insolvent.



You would be responsible for paying $800 toward your annual out-of-pocket expenses for services like inpatient hospital care, care in a skilled nursing facility, hospice care, and some home health services since Plan M only covers 50% of your Medicare Part A deductible, which is $1,600 in 2023.

Pricing Structure 

Each company has a different cost for the Medicare Supplement Plan M. Three methods of pricing for Medigap plans are community-rated, issue-age-rated, and attained-age-rated.


  • Community-rated: Everyone with a Medigap coverage typically pays the same monthly cost, regardless of age. Although other factors, including as inflation, may cause premiums to increase, your age is not one of them.


  • Issue-age-rated: The premium is calculated based on your age at the time you purchased the Medigap plan. Younger buyers have cheaper premiums, and as you age, your premiums remain the same. Although other factors, including inflation, may cause premiums to increase, your age is not one of them.



  • Attained-age-Rated: The premium is determined by your present age, and it rises as you age. When you are younger, your premiums are cheaper; as you get older, they rise steadily. Additionally, premiums may rise as a result of inflation or other circumstances.



When you first become eligible is the ideal time to sign up for a Medicare Supplement plan. When you turn 65, you become eligible to buy a Medigap policy (Medicare Supplemental Insurance). Your six-month Medigap Open Enrollment Period officially starts with this.


Both Medicare Parts A and B must already be active. You are eligible to purchase any Medigap policy offered in your state during this time, regardless of your health. During this time, Medigap policies will typically have better prices and more options.


Although it’s frequently preferable to enroll when you initially become eligible, you can still apply for Medigap coverage outside of the original enrollment period. However, if you request for coverage after your first enrollment period and don’t fulfill the medical underwriting requirements, there’s no guarantee that an insurance provider will sell you a policy.


Here are answers to some of the most frequently asked questions our valued customers ask us:

Insurance companies may make you wait before receiving coverage for a pre-existing ailment, even if they cannot force you to wait for your coverage to begin. Pre-existing conditions may not be covered by a Medicare Supplement plan if they were treated or discovered within six months prior to the start of coverage.


The excluded condition will be covered by the Medicare Supplement plan after the initial six months. However, if you purchase a Medicare Supplement plan to replace your "creditable coverage" Medigap plan during the Medigap open enrollment period, you may be able to skip or reduce the waiting time for a pre-existing condition.

Although Medicare Supplement plans are uniform, offering the same benefits, costs might vary between insurance providers. The easiest approach to ensure that you get the package you require at a price you can afford is to shop around.

With the exception of Wisconsin Medicare Supplement Plans, Minnesota Medicare Supplement Plans, and Massachusetts Supplement Plans, Medigap plans are standardized, offering the same benefits in most states.

Analyzing different Medicare Supplement Plans and comparing them

There are eight commonly available Medicare Supplement plans offered. DreamhealthQuotes is here to walk you through the numerous alternatives so you can select the Medigap plan that best fits your requirements and financial situation. Additionally, we can address any queries you may have. For more information on the various Medicare Supplement plans available, keep reading.

For your convenience and ready reference, do feel free to explore the following valuable resources for more on Medicare supplement plans:

Discover Your Ideal Medicare Supplement Plan with DreamhealthQuotes

The ideal Medicare plan for your needs, your budget, and your healthcare requirements can be difficult to determine. To locate the best Medicare plan for your needs, DreamhealthQuotes will take the time to learn about your unique requirements. We’ll then shop and compare all of the Medicare plans you have access to.

Unlock the highest value for your money!