Medigap Plan M is one of the more popular Medicare supplement plans because it often has low monthly premiums while still offering a decent amount of coverage. Plan M was crafted as an option to allow Medicare recipients to trade a little more exposure to medical expenses for a lower monthly premium on their coverage.
Although Plan F, G, and N are the most popular options, Plan M is very similar in coverage to Plan N and can sometimes have lower monthly premiums as a result. Plan N is usually the least expensive option out of the most popular plans, but it does not cover the Part B deductible or co-payments for doctors and emergency room visits. Similarly, Plan M does not cover the Part B Deductible and Excess Charges. Plan M differs from Plan N because it doesn’t require co-payments, and it only covers 50% of your part A deductible.
Medicare Supplemental Plan M covers the following Medicare expenses:
Plan N covers everything that Part F and G cover except for: Part B deductible, Part B excess charges, and 50% of the Part A deductible.
Plan N covers everything that Part F and Part G cover except for: the Part B Deductible, Part B Excess Charges, and 50% of the Part A Deductible.