Medicare Supplement Plan N is a Medigap plan that gives you a range of standardized coverage at the least cost.
What is Medicare Supplement Plan N?
Upon the age of 65 or around retirement, one becomes eligible to sign up for the government health insurance plans. The initial Part A and B do not cover all medical expenses. As a result, private companies to step in and cover the remaining 20%. There are 11 Medigap plan options in total, including Plan N. The other options are Plans A, B, C, D, F, high-deductible F, G, K, L, and M.
Medicare Supplement Plan N Reviews
When selecting a Medigap Plan, it is best to pick a plan that covers as many services as possible. Medicare supplement Plan N is one of the few plans that offer comprehensive coverage. Only Plan F and Plan G provide more benefits than N. That also makes those Plans more popular than Plan N.
After its introduction, it became prevalent. The Plan was a relief to people who have been paying higher premiums. Plan N can help you save up to 25% on monthly premiums as it offers significant coverage with a low premium. So far, Medicare Supplement 2021 Plan N reviews have mainly been positive.
What Does Plan N Cover?
The following are the primary benefits of Medicare Supplement Plan N
- Part A coinsurance and hospital costs
- Part B coinsurance and copayment (except $20 for some office visits and $50 for emergency room visits)
- Blood (first 3 pints)
- Part A hospice care coinsurance or copayment (365 days)
- Skilled nursing facility coinsurance (100 days)
- Part A deductible
- Foreign travel emergency (up to Plan limits)
What Plan N Does Not Cover
Plan N covers almost all services that Plan F and Plan G covers except the following:
- Part B deductible
- Part B excess charges, and
- Copayments ($20 per doctor visit and $50 per emergency room visit.)
You should bear in mind that you do not always have to pay excess charges. You can find out ahead of time if you might be subject to excess charges. You may also visit an Urgent Care rather than the emergency room for more minor medical needs. In this case, you’ll be able to avoid the copay. A couple of private insurance companies that offer a comprehensive Medicare supplement plan through Plan N are: Aetna and AARP.
Medicare Supplement Plan G Vs N
There is only one significant difference between Medigap Plan G and N. And it is that Plan G covers your Part B excess charges. Apart from the excess charges and copayments, you get the same benefits listed in the Plan N coverage above.
For the extra benefit of excess charges and copayments that Plan G covers, it is significantly more expensive than Plan N. To compare which companies have the best plans contact us or look at what private insurance companies Cigna or Humana have to offer.
Who Should Get Medigap Plan N?
As you might have guessed, different Medicare supplement plans are best suited to certain people. Plan N may not be the best for everyone, but it will work well for the following people:
- Those without a critical medical condition.
- Those who want quality coverage at little cost.
- People that want similar coverage to plan G or F without paying too much.
- Those who rarely visit doctors and care facilities.
- People who are new to Medicare Supplement.
Medicare Supplement Plan N Enrollment
The best time to get a Medicare Supplement Plan N is during the Open enrollment period. The Open Enrollment Period (OEP) is a 6-month window around your 65th birthday. You’ll have a Plan N with no underwriting, regardless of your medical condition and get the best rate available.
Depending on your age, county and zip code, gender and other personal information, a Plan N policy may cost you between $80 and $200 monthly.
Now that you know all there is to know about Medicare Supplement Plan N let us help you pick the best plans for you. We consider your pre-existing conditions, preferences, location, travels, and more. Please tell us who you are and what you want, we’ll help you get the best value possible.