Medicare Supplements are great for seniors who want to add coverage to their Original Medicare.
Accendo Medicare Supplement Plan N gives you some powerful medical benefits so that you pay less out of pocket.
Let’s take a look at what the Accendo company has to offer you and what Plan N can do to cover your medical expenses.
What You Should Know about Accendo
CVS and Aetna are parent companies of Accendo, and Accendo sells health insurance policies for them.
What this means for consumers is that the Accendo insurance plans have the backing and the resources of these major companies.
It also means that there are some great discounts and services available for medications and prescription drugs that will be valid at CVS locations across the country.
As one of the leading pharmacy organizations in the world, CVS is able to do a lot for those who enroll in an Accendo Medicare supplement plan.
Accendo has been around for a while, working with other companies, but has not joined Aetna to offer health insurance plans with that company.
They have a good reputation in the industry, particularly for their customer service commitment, and most people have nice things to say about their time being enrolled with Accendo and how they were treated.
One of the standout benefits that Accendo has to offer its members is an industry-best 14% discount on household insurance plans.
This applies to any plans that are applicable to three or more people living in the same house.
In addition, Accendo offers its applicants a very fast approval process. You will not have to wait long to find out if they have accepted your medical insurance application.
To enroll with Accendo, you will have to wait until about your 65th birthday.
Three months before you turn 65, you can enroll with them, as you will be entering a signup period known as Open Enrollment.
This lasts for a full seven months, and it is the best time to enroll with Accendo. During that time, they cannot deny your application for medical insurance.
They also cannot charge you a higher-than-normal price just because of a pre-existing medical condition.
While all insurance companies have to cover preexisting conditions through Medicare Supplements like Plan N, they may be able to deny your application or charge you a different price than someone else based on your medical condition.
This only happens, however, if you apply during the Annual Enrollment period from October 15th through December 7th.
The only time Accendo would deny your application for coverage is if they see you as a risk.
So, if you have a serious medical problem, then Accendo will likely charge you more for considering denying your application because they don’t want to lose money on you.
However, they are dedicated to offering their clients great customer service, and their track record shows that.
What to Know About Medicare Supplement Plan N
Plan N is often highly recommended by insurance experts all across the industry.
Those who know Plan N and what it offers and how it compares to the other choices know that it is a great deal, most of the time.
Industry experts understand that Plan N is very economical, as do seniors who have used Plan N and compared its coverage to those of other Medicare Supplements.
Let’s take a look at what Plan N offers you and how it will help to cover some of your medical expenses. Keep in mind that Medicare Supplements come with guaranteed coverage.
This simply means that no matter who you buy your Medicare Supplement plan from or how much it costs you, the medical benefits remain the same. Plan N is exactly the same medical insurance plan regardless of whether you are buying it from Accendo or from another insurer.
Only Medicare gets to determine which medical benefits will be included in Plan N and the other Supplements.
Plan N will cover for all Medicare Part A supplementary expenses. That means it covers the cost of hospice coinsurance for end-of-life care, as well as the hospitalization Part A copayments and the annual Part A deductible of $1,408.
Plan N only covers some Medicare Part B expenses for you. It won’t cover the excess charges or the annual deductible, but it does cover some of the copayments for you, though it leaves some for you to pay as well.
The copayments it leaves for you to cover out of your own pockets are the $20 copay for doctor’s office visits and the $50 copay for emergency room care.
Accendo Medicare Supplement Plan N covers you for three pints of blood every year as well. These would be the first three pints you use for the year, and Original Medicare covers the rest for you.
You also receive coverage for foreign travel exchange costs, which covers you up to 80% whenever you need to be transported out of the country for a medical emergency.
You get a lifetime coverage limit of $50,000 for this medical service.
The final bit of coverage provided by Medicare Supplement Plan N is for nursing costs, particularly the coinsurance costs, and this gives you more complete nursing coverage.
This benefit is applicable to any nursing care received at a skilled nursing care facility, which would be ones that Medicare has approved.
How Medicare Plan N Works with Other Medical Insurance
You can only be enrolled in one Medicare Supplement at once. And this is because they overlap with one another, offering a lot of the same medical benefits.
It doesn’t make sense to pay twice for the same coverage, so you will only be able to have one of these active at a time.
You can change plans later on if you find that your current plan doesn’t work well for you.
Plan N, as well as other Supplements, require Original Medicare as a prerequisite.
You have to be enrolled in Original Medicare in order to get coverage from Medicare Plan N.
You can combine Plan N with a Medicare Part D drug plan if you wish.
These work together well and provide you with more complete coverage for essential, common medical expenses.
Medicare Plan N will not be compatible with Medicare Advantage plans, however, or with most employer-based and union-based healthcare plans.
If you have questions about which health insurance plans are compatible with Medicare Supplement Plan N, please give us a call, and let us provide you with the answers.
Compare Plan N to Other Supplements
Plan N is a great deal for many seniors, but it doesn’t give everyone the exact coverage they need.
Some seniors could use a bit more coverage, and they get that from plans F and G.
Plan F offers complete supplementary coverage, taking all the benefits included in Plan N and adding coverage for the rest of the Part B copayments the Part B deductible of $226 (2023), and the Part B excess charges.
Plan G is similar to these other plans.
It is a high coverage Supplement plan as well, and it will cover you for all the Part A expenses and most Part B expenses.
It covers you for Part B’s copayment and excess charges, but not the deductible.
You can compare these different plans and their costs by using our site.
You can see how much Accendo charges for them, and when they change their prices, you can see that here as well. It cost nothing to use this site and to source prices.
When you search for Medicare Supplements here, you will get a list of plans and be able to see how Accendo compares to the competition.
Is Accendo the Most Affordable Option?
We will show you the prices that other insurance companies charge for their Medicare Supplements. Accendo offers very affordable, very competitive rates, but they don’t always have the cheapest prices.
To determine who has the best rates, you will definitely want to use our site.
Feel free to keep coming back and checking with us to see how prices have changed and to see if there is a better deal out there than what Accendo has to offer.
You should also consider other factors that make Accendo stand out and that make its plans have value.
Their customer service, discounts on various medical services, and member services and perks all make them one of the more desirable insurance providers for many seniors.
Accendo Medicare Supplement Plan N can help seniors to save money on their healthcare expenses.
You will likely need more and more coverage and more healthcare services as you grow older so you want to ensure that you have a suitable health insurance plan to help keep your costs low.
Plan N is one of the most affordable and economical Supplement plans available, but you should use our site to compare costs from different insurance companies and determine if Accendo might be the right one to go with.
Russell Noga is the CEO of Medisupps.com, an online Medicare Agency and resource center helping Medicare beneficiaries learn about Medicare, Medigap and Part D drug plans, and Medicare Advantage plans since 2009. Russell is licensed in all 50 states and has been featured as a keynote speaker, and author of several publications, along with hosting the very popular Medisupps.com Youtube channel.