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Two New Medicare Supplement Plans in 2010: Plans M and N

July 16th, 2009

There are changes on the horizon for those seeking Medicare Supplement or Medigap coverage. Starting in 2010, there will be two new Medicare Supplement plans available, Plans M and N.

Plan M will use deductible sharing to lower your costs. With this plan you will be responsible for 50% of your part A and part B deductible. Your premiums will be approximately 15% lower than most companies charge for Plan F.

Plan N will also offer lower premiums, but will have co-payments involved for various services. With Plan N, you will pay a $20 co-pay for a doctor visit and a $50 co-pay for an emergency room visit. Plan N premiums are expected to be about 30% lower monthly premiums for a Medigap Plan F.

Wiley Long

Wiley Long

Wiley Long is president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. When he’s not working he’s likely to be skiing and hanging out with his wife and son, and enjoying the live music scene around Fort Collins, Colorado.
Wiley Long
 

 

 
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