Medicare Supplement Plan N
Medicare supplement plan N has become one of the more popular plans since its introduction on June 1st 2010. In fact it is in the top 3 most popular Medicare Supplement Insurance plans chosen by consumers.
One of the big reasons it has become popular is due to its lower premium compared to Medicare Supplement Plan F and Medicare Supplement Plan G.
The second most popular reason given is the freedom to choose any doctor that accepts Medicare. It has no networks like Medicare Advantage HMO’s and PPO’s which can in many cases can be very restrictive.
As a result, most Medicare Supplement (Medigap) providers are now offering the Medicare Supplement plan “N”.
For specific quotes on Medicare Supplement Plan N simply complete the request form on our Medicare Supplement Quotes page.
Key benefits offered by Plan N
-
Only 70% of the cost of Plan F
-
No network restriction like Medicare Advantage Plans (HMO’s) — see any doctor anywhere, anytime that accepts Medicare.
-
Copays for doctor visits only — no hospital, diagnostic or other copays like Medicare Advantage after small deductible ($147.00 for the year in 2015)
-
Doctor co-pays apply after the deductible is paid.
What does Medicare Supplement Plan N Cover?
Medicare supplement plan N like other Medicare Supplement Insurance plans is designed to fill many of the gaps left by traditional Medicare insurance. Generally it will cover most (see exclusions below) of the 20% remaining for Medical services covered under Medicare Part B and the deductible and other hospital cost not covered under Medicare Part A. Although it does not cover every out of pocket cost left by Medicare the remaining cost are often easily outweighed by the savings in premiums when compared to plan G and plan F - Compare Medicare plan F and Medicare supplement plan G.
Items covered by Medicare Supplement Plan N:
-
Medicare Part A Deductible
-
Medicare Part A Coinsurance
-
Medicare Part B Coinsurance
-
Hospice Care Coinsurance or Copayment
-
Skilled Nursing Facility Care Coinsurance
-
First Three Pints of Blood
What does Medicare Supplement Plan “N” NOT Cover?
Medicare Supplement Plan N does not cover the Medicare part B deductible of $147 and any excess charges that fall under Medicare Part B above the Medicare approved amount. Also, Medicare supplement plan N has (or does not pay) a $20 co-pay for doctors office visits and a $50 copay for emergency room visits if you are not admitted. The positive attributes of the Medicare Supplement Plan N are the freedom from HMO/PPO Medicare Advantage restrictions and the savings generally exceed the amount you would likely pay out of pocket in a given year.
When you have Medicare and a Plan N you will have a few out of pocket items like:
-
Medicare Part B Annual deductible of $147 (2015)
-
Medicare Part B excess charges (if Applicable)
-
Copayment of $20 for doctor visits
-
$50 for an Emergency Room if you are not admitted to the hospital.
-
Thats it!
If you would like assistance understanding the different Medicare plans and choosing the one that’s right for you, go to our Medicare Supplement Quotes page or call us at 610-399-8700
