by Russell Noga | Updated June 23rd, 2023
Are you a member of Original Medicare Parts A & B?
You’re probably well aware that Medicare benefits only cover around 80% of your healthcare expenses associated with services and benefits to do with Parts A & B.
Fortunately, a Medigap policy can help you with covering the out-of-pocket costs associated with the remaining 20%
Medigap Plan N is a good choice for healthy seniors due to its extensive coverage and low premiums.
Medigap policies are available from leading private healthcare insurers across the United States. Each insurer sets a different rate for Plan N, and its cost may vary widely between providers and the additional benefits it provides.
Humana is one of the top-rated private insurers offering Medigap Plan N. This guide gives you everything you need to know about Humana Medicare Supplement Plan N and how it works.
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Who Is Humana?
Humana is one of America’s largest healthcare insurers, with headquarters in Louisville, Kentucky. The company offers Medicare Advantage plans, Medigap supplement insurance policies, Medicare prescription drug plans, Medicaid coverage, and vision and dental plans.
Humana offers individual and employer-sponsored healthcare plans and policies, covering approximately 8.7 million Medicare members in the United States, with around 333,000 Medigap policy beneficiaries.
It controls a market share of 2.1%, posting annual revenues of $92.9 billion in 2022.
Humana offers Medigap insurance plans in 49 states, including Washington, D.C., and Puerto Rico.
The only state it doesn’t cover is Virginia. Addental, Humana serves residents of Massachusetts, Minnesota, and Wisconsin according to local laws, which differ from the rest of the country regarding Medigap policies.
Humana offers a wide range of Medigap policies, including Plan N, and it also provides many member benefits outside of the standardized coverage for Medigap policies.
However, the company’s pricing can be expensive compared to the market average, and it receives higher-than-average complaints regarding its policy pricing.
Humana Medicare Supplement Plan N At a Glance
Humana offers its Medigap beneficiaries several perks and discounts on its plans, including “Lifeline Medical Alert” for healthcare emergencies and hearing and vision benefits. It’s also one of the few providers offering members access to the “SilverSneakers” program for discounted gym memberships.
Humana has plenty of additional benefits for members but doesn’t offer any dental coverage.
You get great discounts for initial enrollment during the open enrollment period for Medigap, and it provides cross-nation coverage for seniors owning multiple homes across the country.
Humana Medicare Supplement Plan N – Benefits and Coverage
Humana offers Plan N beneficiaries the same standardized coverage and benefits as all other insurers in the United States. You can expect the following from your Plan N policy regarding Parts A & B Medicare coverage.
- Part A hospital stays and coinsurance up to an additional 365 days after Medicare benefits end.
- Part A deductible.
- Part A hospice care coinsurance or copayment.
- Part B coinsurance ($20 copays for doctors’ visits and up to $50 copays for trips to the emergency room where you aren’t hospitalized).
- Coinsurance for care at skilled nursing facilities.
- The first three pints of blood in procedures.
- 80% of emergency health care costs for services outside the US in the first 60 days of travel ($250 deductible and $50,000-lifetime maximum).
On top of these standardized benefits, Humana Plan N policyholders also receive access to telemedicine consultations, the company’s 24/7 nurse line.
A drug discount program for prescription medications, vision discounts through “EyeMed,” and discounts on hearing tests and hearing aids.
You also get a discount for Jenny Craig and access to the “MyHumana” app to review your claims.
There’s also a meal delivery program for members returning home from a hospital stay.
Humana has stringent policies regarding pre-existing conditions.
The company may deny you coverage outside the open enrollment period if you suffer from conditions like dementia, HIV infection, heart disease, uncontrolled diabetes, and others.
It’s also important to note that Medigap Plan N doesn’t cover Part B excess charges incurred from physician consultations charged outside the Medicare assignment rates. Plan N also doesn’t cover the Part B deductible of $226 for 2023.
Humana Medicare Supplement Plan N – Monthly Premiums
Humana has higher-than-average premium costs in most states, mainly due to the additional perks that come with signing up for a Medigap policy. Humana offers preferred pricing for signing up for Plan N during the open enrollment period. Enrolling after this date may increase premiums by up to 15%.
Humana offers Plan N at average pricing rates in Atlanta but is more expensive than average in Los Angeles. Here’s the average cost of a Plan Policy with Humana for a 65-year-old nonsmoking woman.
You can receive a 6% discount when enrolling in Plan N online, and Humana also offers household discounts. Members signing up for applicants in most states can qualify for a 6% discount for applying online.
You also get a $2 discount on your monthly premium if you set up automatic recurring payments for your premiums through your bank account.
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Humana Medicare Supplement Plan N – Customer and Industry Reviews
Humana spends 80.3% of the premiums it collects on member benefits, which is well above the 60% industry minimum.
The National Association of Insurance Commissioners (NAIC) states Humana receives approximately 31% more complaints than the industry average regarding its policies, with the bulk of complaints involving the higher premiums it charges members.
The Better Business Bureau (BBB) gives Humana an A+ rating, and the company scored 77 out of 100 on the ACSI health insurance satisfaction benchmark in 2022.
AM Best gives Humana an A- rating on its Financial Strength Index.
Frequently Asked Questions
What is Humana Medicare Supplement Plan N?
Humana Medicare Supplement Plan N is a type of Medigap plan offered by Humana that provides additional coverage to fill the gaps left by Original Medicare.
Speak to the Experts About Humana Medigap Plan N
If you’re considering Medigap Plan N as your supplemental insurance for Medicare, call us at 1-888-891-0229 for free advice. We offer a no-cost consultation to help you choose the right plan and provider.
Our automated quoting tool on our site gives you a free quote on options for Medigap Plan N in your state with the lowest premiums.
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.