Medicare Supplement Plan N
Among all the different kinds of Medicare plans designed to facilitate your out-of-pocket medical expenses, Medicare Supplement Plan N covers those costs that are not included in Medicare Parts A and B.
With this supplementary option, you can pay your hospital, surgery, medical, and skilled services bills. This plan consists of benefits similar to that of other Medicare plans, such as F and G, but it costs quite less, which makes it a plan suitable for some.
How It Works
Plan N Medicare Supplement covers 100% coinsurance costs of your Medicare Plan B. Still, the only exception here is that you have to pay $20 as copayment for visiting the doctor’s office and up to $50 for emergency room visits. However, it does not provide coverage to the Medicare Plan B deductibles. Therefore, you become responsible for paying these outpatient costs.
The costs for Plan N Supplement varies from carrier to carrier. The amount an individual has to pay for Medicare Plan N supplement is determined by how the insurance carrier rates the plan.
Medicare Plan N Coverage
For those looking for broad coverage, this Plan might be an attractive option. Though it isn’t the most coverage plan insurance supplementary plan, it is recommended for you to get details of all the Medicare plans to find the policy that works best for you.
Here’s are the basic areas of coverage for Plan N:
- Part A coinsurance for hospitalization (coverage for a year after original Medicare benefits are used up)
- Part A hospice coinsurance
- Part B coinsurance for medical expenses (excluding visitation copays and 20% copayments and outpatient services)
- First 3 pints of blood free of charge, where original Medicare pays for beyond these
- Limited foreign travel coverage in case of a medical emergency
To avail of these coverage options, you must be enrolled in Medicare Part A and Part B. Besides, Plan N Medicare Supplement also pays for Part A deductible for hospitalization and skilled nursing facility care. However, you will still have to pay to some medical service providers. As per the Federal law, they can charge no more than 15% more of what Medicare allows. Plan N will not cover these charges as Plan F or Plan G.
Should You Go For Plan N?
In recent years, Plan N has been gaining popularity among people who prefer lower premiums and then pay the doctor’s copay along with Plan B deductibles. However, choosing between plans as per your needs can be quite tricky, considering the costs of Medicare insurance plans with coverage.
For Plan N, the two main ideas to consider here are the Plan B deductibles and copays from doctor and emergency room visits. You may then compare the costs of Plan N Medicare Supplement with other plan premiums.
While you’re considering the benefits, you should also think of the drawbacks. Plan B excess charges and copays may also not be included.
Enrolling With Medicare Plans A-Z
Viewing the benefits and gaps of Medicare Part N, choosing it can be a little confusing and tricky. But there’s nothing to worry about when there’s help just right here. Medicare Plans A-Z provides you with the details of the plan and focuses on how this plan could be the best deal for you. We offer standardized Medicare Supplement options to choose the best premium.
Before you enroll in Medicare Plan N, we advise you to get a thorough Medicare Supplement Plan N review. Our Medicare experts share with you the potentials and drawbacks of the plan with the utmost transparency, so you do not feel stuck later. If you feel like your insurance plan needs a switch to Plan N, just give us a call and we’ll help you through a free consultation.