Medicare Supplement Plan B is one of the Medigap letter plans that covers the least amount of benefits. However, it still covers a lot that Original Medicare doesn’t cover.

What is Medicare Plan B?

Medicare Plan B is NOT the most comprehensive option for coverage. But, depending on your situation, it might work for you.

What Does Medigap Plan B Cover?

Medigap Plan B is very close in coverage to Plan A, but Plan B covers the Part A hospital deductible. Medicare Supplement Plan B will cover the Part A deductible and the Part A coinsurance. Plan B cover the Part A hospice care coinsurance as well as the Part B preventive care coinsurance.

Also, Plan B will cover the Part B coinsurance as well as the first 3 pints of blood each calendar year.
Since there are other policies that cover more, like Plan G or Plan N, many agents don’t recommend Plan B. Long term, it’s better to have a policy that provides more coverage.

Who is eligible for Medicare Supplement Plan B?

Anyone eligible for Medicare and enrolled in Part A as well as Part B is eligible to sign up for Medigap. If you miss the Medicare Supplement Open Enrollment Period, you might not be able to buy a policy if your health is in poor condition.

It’s important to sign up for a Medigap policy as soon as you’re eligible for Medicare. Outside of the OEP, you can still apply for Medigap you’ll just go through underwriting.

If you must go through underwriting working with an insurance agent is extra beneficial because they can help identify the companies most likely to approve your application.

What Does Medicare Supplement Plan B Cost?

Medigap Plan B can cost between $110 to $210 each month. The premium will depend on various factors such as tobacco use, gender, age, and location. To find out your specific costs for Plan B, contact an insurance agent at the number above.

Is Plan B the Same as Part B?

Medicare Plan B is a supplemental insurance option designed to help cover the costs you would otherwise be responsible for. Plan B is not mandatory. This is an optional Medigap plan.

Medicare Part B is the outpatient portion of coverage related to your Original Medicare. Part B is optional but delaying enrollment can result in a Part B penalty. There is a monthly premium.

Does Medigap Plan B include Prescription Drug Coverage?

Medicare Supplement insurance does not cover Part D prescription drugs. Medigap plans will cover Part B drugs given in an outpatient setting such as immunosuppressants or injectables.

To have coverage on drugs prescribed by your doctor to be taken at home, you will need a Part D plan.

How to Sign Up for Medicare Supplement Plan B?

If you believe Plan B will provide you with the most value, enrolling is simple and can be done over the phone. Give us a call at the number above to speak with a licensed insurance agent about your Medigap options. Or, fill out an online rate form to compare rates side by side now.

Picture of the author
by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.