Medicare Supplement Plan K (Medigap Plan K) in Nevada

Medicare Supplement Plan K is one of the most affordable Medigap options available in Nevada — offering a lower monthly premium in exchange for sharing some of your Medicare cost-sharing with the insurance carrier. Plan K covers 100% of certain costs and 50% of others, making it a cost-sharing plan rather than a comprehensive coverage plan. It also includes an annual out-of-pocket maximum, which caps your total spending for the year.

Nevada Medicare helps Nevada beneficiaries understand exactly how Plan K works and whether it’s the right fit for their health needs and budget.

What Does Medigap Plan K Cover in Nevada?

Plan K is unique among Medigap plans because it uses a percentage-based coverage structure. Most items are covered at 50%, with two exceptions — Part A hospital coinsurance and preventive care coinsurance are covered in full.

Here’s the complete coverage breakdown:

✅ Medicare Part A coinsurance and hospital costs — covered in full (up to an additional 365 days after Medicare benefits are exhausted)

✅ Medicare Part B coinsurance or copayment — 50% covered

✅ Blood (first 3 pints) — 50% covered

✅ Part A hospice care coinsurance or copayment — 50% covered

✅ Skilled nursing facility coinsurance — 50% covered

✅ Medicare Part A deductible — 50% covered

✅ Preventive care coinsurance — covered in full

❌ Medicare Part B deductible — not covered

❌ Medicare Part B excess charges — not covered

❌ Foreign travel emergency — not covered

Plan K’s Out-of-Pocket Maximum — Your Annual Safety Net

One of Plan K’s most important features is its annual out-of-pocket maximum — a cap on how much you’ll pay out of pocket in a given calendar year. Once you reach that limit, Plan K covers 100% of your Medicare-approved costs for the rest of the year, regardless of how much care you need.

The Plan K out-of-pocket maximum is $7,220 in 2026 (adjusted annually by CMS). Your insurance carrier tracks your spending throughout the year. Once you hit the cap, your cost-sharing stops entirely for that calendar year.

This out-of-pocket maximum is what separates Plan K from having no supplemental coverage at all — it protects you from catastrophic out-of-pocket costs in a serious illness or hospitalization year.

Who Is Medigap Plan K Best For?

Plan K works best for Medicare beneficiaries who:

Are in generally good health and rarely use healthcare services
Want a lower monthly Medigap premium
Have sufficient savings to handle the 50% cost-sharing in a moderate-use year
Want protection against catastrophic costs through the annual out-of-pocket maximum

For beneficiaries who use healthcare frequently or have ongoing chronic conditions, a more comprehensive plan like Plan G or Plan N typically offers better overall value — the lower premium of Plan K may be offset by higher out-of-pocket costs throughout the year. Nevada Medicare helps you run the full comparison so you can make an informed decision.

Plan K vs. Plan L — What's the Difference?

Plans K and L are the only two Medigap plans that use a percentage-based cost-sharing structure. The key difference is the percentage covered and the out-of-pocket maximum:

	Plan K	Plan L
Part B coinsurance	50% covered	75% covered
Part A deductible	50% covered	75% covered
Skilled nursing	50% covered	75% covered
Hospice coinsurance	50% covered	75% covered
Out-of-pocket maximum	$7,220 (2026)	$3,610 (2026)
Monthly premium	Lower	Higher than K

Plan L covers more but costs more. Plan K offers the lowest premium of any Medigap plan. Nevada Medicare compares both side by side with your specific health situation in mind.

Compare Medigap Plan K Options in Nevada with Nevada Medicare

Nevada Medicare provides quotes from Medigap carriers in Nevada offering Plan K and compares them against Plan L, Plan G, and Plan N — so you can see the full picture before deciding. Our assistance comes at no cost to you.

🔵 We compare Plan K pricing across carriers in Nevada

🔵 We model annual cost scenarios based on your typical healthcare usage

🔵 We compare Plan K against Plan L, Plan G, and Plan N

🔵 We help with claims, appeals, and Medicare disputes year-round

🔵 Our assistance comes at no cost — we’re compensated by the insurance carriers

Medicare Supplements

Is Medigap Plan K Right for You?

Nevada Medicare helps you compare Plan K against all available options — running the real annual cost numbers so you can make a confident, informed decision at no cost to you. Call Nevada Medicare at 702-840-1111 or visit us at 2412 Stewart Ave, Las Vegas, NV 89101.