Medicare Supplement Plan N Benefits and Coverage

Compare affordable Medicare Plans

Russell Noga
by Russell Noga | Updated July 1st, 2024

Are you looking for ways to make your Original Medicare plan more comprehensive and cost-effective? Medicare Supplement Plan N might be the answer you’re seeking.

In this blog post, we will dive deep into the Medicare Supplement Plan N benefits, coverage, and costs associated with this popular Medigap plan.

Get ready to explore how Medicare Supplement Plan N can help you manage your healthcare expenses and provide peace of mind as you age.

 

Short Summary

 

Compare 2024 Plans & Rates

Enter Zip Code

Are you looking for ways to make your Original Medicare plan more comprehensive and cost-effective? Medicare Supplement Plan N might be the answer you’re seeking.

In this blog post, we will dive deep into the Medicare Supplement Plan N benefits, coverage, and costs associated with this popular Medigap plan.

Get ready to explore how Medicare Supplement Plan N can help you manage your healthcare expenses and provide peace of mind as you age.

 

Short Summary

  • Medicare Supplement Plan N is a cost-effective Medigap plan offered by private insurance companies that helps to reduce out-of-pocket expenses.
  • It provides coverage for copays, coinsurance, hospital costs, and foreign travel emergencies, but does not cover Medicare Part B excess charges.
  • Enrollment in the plan during the Open Enrollment period ensures guaranteed issue rights and avoids potential higher premiums or coverage denials.

 

Compare 2024 Plans & Rates

Enter Zip Code

Understanding Medicare Supplement Plan N

Medicare Supplement Plan N is a comprehensive and popular Medicare plan available in most states. Offered by private insurance companies, it helps cover certain costs left by Original Medicare, such as coinsurance and hospital costs.

With comprehensive benefits that work in conjunction with Original Medicare coverage, enrollees in Plan N are only required to pay for the Medicare Part B deductible, small copays at the doctor’s office, and excess charges if applicable to their circumstances.

This makes it an attractive option for those who depend on Original Medicare for healthcare coverage and wish to reduce out-of-pocket expenses.

The Basics of Medicare Supplement Plan N

Medicare Supplement Plan N is designed to fill the gaps left by Original Medicare, providing coverage for copays, coinsurance, hospital costs, and even foreign travel emergencies.

As a more cost-effective alternative to Plan G, Plan N offers lower monthly premiums but may require out-of-pocket expenses for medical care, such as copays or coinsurance for doctor’s office and emergency room visits.

However, it is essential to note that Plan N does not provide coverage for Medicare Part B excess charges. This means that if you reside or receive treatment in a state where excess charges are allowed, you may be liable for additional costs.

Plan N is an excellent option for individuals enrolled in Original Medicare who desire additional coverage while being willing to pay copayments and other minor expenses. The monthly cost of Medicare Supplement Plan N is approximately $152. On average, this plan is quite affordable.

 

book appointment

Compare Medicare Plans & Rates in Your Area

Get the latest prices from all the top carriers

Eligibility for Medicare Supplement Plan N

To be eligible for Medigap Plan N, you must be enrolled in both Medicare Part A and B. It is important to remember that you cannot have both a Medicare Advantage Plan and a Medigap policy at the same time.

If you are currently enrolled in a Medicare Advantage Plan, you will need to switch back to Original Medicare before enrolling in a Medigap policy like Plan N.

Key Benefits of Medicare Supplement Plan N

Some of the key benefits of Medigap Plan N include coverage of the Medicare Part A deductible, coinsurance for Parts A and B, blood, and even foreign travel emergencies.

However, it is worth noting that Plan N does not cover the Medicare Part B deductible, excess charges, or out-of-pocket limits.

Upon enrollment in Medicare Supplement Plan N, you will be responsible for the Medicare Part B deductible, minimal copays at the physician’s office, and any excess charges that may be applicable to your circumstances.

 

Copays and Coinsurance

Copays and coinsurance are two common types of out-of-pocket expenses associated with healthcare.

A copay is a predetermined amount that you pay for a specific healthcare service, while coinsurance is a percentage of the cost of a healthcare service that you pay after you have met your deductible.

Medicare Supplement Plan N offers full coverage of Medicare Part B coinsurance and copayments, except for a copayment of up to $20 for certain physician office visits and a copayment of up to $50 for emergency room visits not requiring inpatient admission.

This means that with Plan N, you can expect to pay some out-of-pocket costs for office and emergency room visits, but most of your Medicare-covered costs will be taken care of by the plan.

 

Hospital Costs Coverage

Medicare Supplement Plan N provides coverage for Medicare Part A hospital coinsurance during hospitalization, hospital costs up to 365 days after Original Medicare benefits are exhausted, and Part A hospice care copayment or coinsurance.

This means that with Plan N, you can rest assured that your hospital costs will be covered in the event of an illness or injury requiring hospitalization.

Comparing Medicare Supplement Plan N to Other Plans

When considering Medicare Plan N and Plan G, it is essential to understand that Plan N offers lower monthly fees but entails extra expenses for medical care, while Plan G provides more comprehensive coverage at higher monthly premiums.

 

Medicare Plan N vs. Plan G

It is worth noting that Plan G is more popular than Plan N, with 27% of Medigap enrollees selecting Plan G and 10% of enrollees opting for Plan N. This popularity is mainly due to the more comprehensive coverage offered by Plan G, which does not require copays for physician and emergency room visits.

However, if you are looking for a more cost-effective option and are willing to pay some out-of-pocket costs for medical care, Plan N may still be a suitable choice.

Ultimately, the choice between these two plans will depend on your individual usage of health services and your personal preference for balancing premium costs with out-of-pocket expenses.

 

High-deductible Options

High-deductible Plan G is an alternative option to consider when comparing it with Plan N. This plan comes with a $2,700 yearly deductible and low monthly premiums, which are around $30 for a 65-year-old non-smoking woman residing in suburban Virginia. The deductible for high-deductible Plan G can also be applied to satisfy the Medicare Part B deductible.

For those who are healthy and only receive care a few times a year for preventative care visits, high-deductible Plan G might be a more viable alternative.

However, if you require more frequent medical care or prefer more comprehensive coverage without having to worry about a high deductible, Plan N may still be the better choice.

Medicare Supplement Plan N Cost

The cost of Medicare Supplement Plan N can vary based on the time of purchase, the state of residence, and the provider’s premiums.

In addition, there may be additional expenses, such as excess charges and copays, that may apply depending on your individual circumstances.

For example, the annual Part B deductible for Medicare Supplement Plan N in 2024 is set at $226. To get the best prices and coverage for your needs, it is essential to compare various options and consult with a licensed Medicare agent.

 

Premium Variations

Premiums for Medicare Supplement Plan N can differ depending on factors such as the individual’s location, age, gender, and health status.

For instance, the monthly premiums for Plan N may be higher in certain states and lower in others. The typical monthly premiums for Plan N can vary from $120 to $180, with the range of premiums extending from as low as $80 to as high as over $200, depending on these factors.

It is crucial to be aware of these variations when choosing a Medicare Supplement Plan N to ensure that you are getting the best coverage for your needs at a price that fits your budget.

Consulting with one of our licensed Medicare agents can help you navigate these variations and find a plan that suits your individual circumstances.

 

Copays and Out-of-Pocket Expenses

With Medicare Supplement Plan N, you will be responsible for copayment amounts of up to $20 for certain office visits and up to $50 for emergency room visits not leading to inpatient admission.

It is important to keep these copays and out-of-pocket expenses in mind when choosing a plan, as they may impact your overall healthcare costs.

However, there are no out-of-pocket limits applicable for Plan N, which means that the majority of your Medicare-covered costs will still be covered by the plan.

Choosing a Carrier for Medicare Supplement Plan N

Most reputable insurance companies offer Medicare Supplement Plan N, and it is essential to compare options with a licensed Medicare agent to ensure you are getting the best coverage for your needs at a price that fits your budget.

Some of the top insurance providers offering Plan N include Aetna, Cigna, Humana, UnitedHealthcare, and Blue Cross Blue Shield. By evaluating customer satisfaction and company stability, you can make an informed decision about which carrier is the best fit for you.

 

Top Insurance Providers

Aetna Medicare Supplement is a recommended option due to its comparatively low cost. However, it has a relatively high customer complaint index.

This means that while Aetna may offer competitive pricing for Medicare Supplement Plan N, you should consider the potential trade-offs in customer service and satisfaction.

It is always essential to weigh the pros and cons of each provider before making a decision.

 

Evaluating Customer Satisfaction and Stability

Cigna is another provider offering Medigap policies, including Plan N. They offer a rewards program as part of their supplemental plan coverage, which provides discounts on health and wellness programs and services.

However, Cigna’s Plan N may come with higher rates and has received complaints regarding customer service, such as extended wait times and difficulty obtaining approval or payment of claims.

As with any insurance provider, it is crucial to weigh the benefits and drawbacks of their offerings before making a decision.

 

Compare 2024 Plans & Rates

Enter Zip Code

Enrollment Process for Medicare Supplement Plan N

To get the best prices and coverage for your needs, it is recommended to enroll in Medicare Supplement Plan N as soon as you are eligible for Medicare and have enrolled in Parts A and B.

You can enroll during the Open Enrollment period or by contacting the insurance company directly to ensure that you have guaranteed issue rights.

By enrolling during the Open Enrollment period, you can avoid potential higher premiums or coverage denial due to your health status.

 

Open Enrollment Period

The Open Enrollment period for Medicare Supplement plans, including Plan N, begins on the first day of the month in which you turn 65 and are enrolled in Medicare Part B.

This period lasts for six months, providing a window of opportunity for you to enroll in a Medigap plan without worrying about medical underwriting or higher premiums due to your health status.

If you miss the Open Enrollment period, you can still enroll in Medicare Supplement Plan N by passing underwriting.

However, this may result in higher premiums or coverage denial based on your health status. To avoid potential complications, it is best to enroll during the Open Enrollment period when possible.

Emergency Travel Coverage with Plan N

One of the lesser-known benefits of Medicare Supplement Plan N is its coverage for emergency medical services outside of the United States.

With Plan N, you can enjoy peace of mind knowing that you are covered for up to 80% of emergency medical services while traveling abroad.

This added benefit can make a significant difference in your healthcare costs if you require medical assistance during your overseas adventures.

Summary

In conclusion, Medicare Supplement Plan N is a comprehensive and popular Medicare plan that helps cover certain costs left by Original Medicare.

With benefits such as coverage for copays, coinsurance, hospital costs, and even foreign travel emergencies, Plan N can be a cost-effective and valuable addition to your healthcare coverage.

By understanding the enrollment process, comparing providers, and considering the costs and benefits associated with Plan N, you can make an informed decision about whether this plan is the right fit for your healthcare needs.

So, take charge of your health and explore Medicare Supplement Plan N as a potential solution to support your healthcare journey.

Frequently Asked Questions

What is Medicare Plan N coverage?

Medicare Plan N coverage is an important health insurance option for those who want comprehensive coverage of Medicare Part A and B without having to pay the premiums of more comprehensive plans.

It helps pay for hospitalization, Part A and B coinsurance costs, three pints of blood, and 80% of medical expenses incurred during foreign travel.

However, it does not cover the Medicare Part B deductible. Apr 26, 2024.

 

What does Supplement plan N pay?

Medicare Supplement Plan N is a popular choice among Medicare beneficiaries due to its comprehensive coverage and affordability.

The plan pays 100% of the coinsurance for hospitalization and medical services under Original Medicare Part A and Part B, except for certain copayments. Furthermore, it does not include a Part B deductible.

 

What are the disadvantages of plan N?

The major disadvantage of Medicare Plan N is that it does not cover Part B excess charges, meaning the amount your healthcare provider charges above what Medicare pays for services.

Additionally, there is a copayment of $20 for some doctor visits and $50 for trips to the emergency room. As such, opting for this plan may require you to pay out-of-pocket costs.

 

What does Plan N mean?

Plan N is a type of Medicare Supplement insurance that helps cover certain out-of-pocket expenses not covered by Medicare Part A and Part B. This type of plan offers standardized benefits across all carriers, allowing beneficiaries to receive the same coverage no matter where they purchase it.

 

What is Medicare supplement plan G?

Medicare Supplement Plan G is a comprehensive health plan that can help cover the gaps in Original Medicare.

It provides coverage for your portion of out-of-pocket expenses like copays, coinsurance, and deductibles. This gives you peace of mind knowing that you’re covered if you ever need extra medical care.

 

How Does Plan N Compare to Other Medigap Plans?

Compared to other Medigap plans, Plan N offers comprehensive coverage but requires beneficiaries to pay some out-of-pocket costs. It has lower monthly premiums than plans like Plan F but may involve copayments for doctor visits and the Part B deductible.

 

What Are the Out-of-Pocket Costs with Plan N?

With Plan N, you may be responsible for the Part B deductible, which was $203 in 2021. You’ll also have copayments of up to $20 for each doctor’s office visit and up to $50 for each emergency room visit (if not admitted as an inpatient).

 

Is Plan N Right for Me?

Medicare Supplement Plan N can be a suitable choice if you prefer lower monthly premiums and are willing to share some of the costs. To determine if it’s right for you, consider your healthcare needs, budget, and willingness to pay out-of-pocket expenses. Consulting with an insurance professional can help you make an informed decision based on your specific circumstances.

 

Does Plan N Cover Emergency Care During Foreign Travel?

Yes, Plan N provides coverage for emergency care during foreign travel. It covers 80% of eligible emergency medical expenses, up to plan limits, when you require immediate care outside of the United States.

 

Can I Use Plan N with Original Medicare?

Yes, Plan N is designed to work alongside Original Medicare (Part A and Part B). It helps fill the gaps in Original Medicare’s coverage by covering certain out-of-pocket costs.

Free Consultation

We offer personalized assistance in comparing Medicare Plan N options and identifying the best coverage for your needs.

Call our team at 1-888-891-0229 for a free consultation or complete the contact form on this site, and an expert will call you back at a convenient time.

We have decades of experience advising our clients on the complexities of Medicare and Medigap plans, the benefits, and deductibles. We’ll ensure you get the best rate for Plan N in your state and advice you can trust.

Medicare Supplement Plan G Rates