Medicare supplement plan N (also called Medigap plan N) ranks a close third when it comes to popularity of the plan. Medicare supplement plan F and G are first and second respectively (learn more about Medicare supplement plan F HERE). Due to its popularity you are likely to see a good bit of information on plan N and it can get confusing. We are going to go through what you get with this Medicare supplement plan and why it may be a good choice for you.
Medicare supplement plan N is the third most popular because it is the third most comprehensive in its coverage. It is a useful plan for some people because of what it does cover. Here is the breakdown:
What it covers – For Medicare Part A: the deductible, coinsurance, the charge for the first three pints of blood, Hospice care coinsurance or copayment and the skilled nursing facility care coinsurance. For Part B it covers the coinsurance.
What it does not cover – The Medicare part B annual deductible of $140 or any excess charges above the Medicare approved amount for Medicare part B. Medicare supplement Plan N also will charge a copayment of $20 for some office visits and a copayment of $50 for emergency room visits in which you are not admitted to the hospital as a patient (resulting in in-patient care).
With the lower amount of coverage for Medicare supplement Plan N many people choose to shy away and go with Medicare supplement plan F or G. However, if you are healthy, Medigap plan N could be a great choice for you. The reason to go with a plan with less coverage is that the premiums are lower. If you can get a monthly premium with Medicare supplement plan N that is significantly lower than plan F or G then the math may make sense for you to go with a little more exposure to costs. The advantage to plan N in this area is that it still covers the biggest liabilities that you run into with health care, hospitals, hospice, and skilled nursing care.
The only real way to know if Medicare supplement plan N is the right plan for you is to get a set of quotes so you can compare Medigap plan N to Plan F and G (or any of the other plans that you want). If you would like to get a set of free no hassle quotes it would be our pleasure to provide those for you. All you need to do is fill out the form on the side of this page or fill out the form for a Medicare supplement quote HERE. One of our Medicare insurance specialists will get you the information you desire shortly and answer any questions you may have.