Medicare Supplement Plan N

Currently the Most Popular Medigap Plan at MediGap Advisors

Medicare Supplement Plan N is one of the two new Medigap plans introduced under the Medicare Improvements for Patients and Providers Act (MIPPA) as of June 1st, 2010.  With premiums approximately 40% less than the popular Medigap Plan F, Medicare Supplement Plan N has quickly become one of the best selling Medigap plans in years.

The reasons it is so popular:

  • Cost sharing and co-pays = BIG premium savings
  • Great alternative to Medicare Advantage
  • Great fit for new Medicare members familiar with co-pay concept
  • After the Part B Deductible, a $20 Office/$50 ER co-pay is the maximum amount the client pays when a provider accepts Medicare assignment

Note:  Some carriers, such as Mutual of Omaha, allow you to enroll in Medicare Supplement Plan N without asking all of the normal health questions, as long as you are replacing current coverage.  This means you may be able to enroll for this coverage if you have prior health concerns, even if it is outside of your open enrollment period.

Medicare Supplement Plan N covers all the plan basic services – your hospitalization co-insurance and your first three pits of blood, items not covered by original Medicare.  In addition to these basic services, Medigap Plan N also pays 100% of the Hospital deductible of Medicare Part A, and co-insurance for Medicare Skilled Nursing, and also includes the Foreign Travel Emergency Benefit.  For outpatient services like doctor visits or a trip to the emergency room, Medigap Plan N covers all of your Part B coinsurance except a $20 co-payment for doctor visits and $50 co-payment for ER visits.

Medicare Supplement Plan N covers:

  • Basic Benefits, including a new Hospice Benefit t and 100% Part B Coinsurance, except a $20 co-payment for office visits and a $50 co-payment for ER visits.
  • Skilled Nursing Facility Coinsurance
  • 100% Part A Deductible
  • Foreign Travel Emergency

Medicare Supplement Plan N does not cover your Part B deductible ($162); but all other approved services are paid for under Plan N, including lab work, diagnostics procedures, MRI’s Cat Scans, Pet Scans, Occupational, Speech and Language Therapy as well as other approved services.  You will have no additional cost or co-insurance payment up to 100% of the approved Medicare cost of service.

A major deciding factor that Medicare beneficiaries express when choosing Medigap Plan N over a Medicare Advantage plan is there are no networks that can limit your doctors’ choice.  As long as the doctors accepts and are approved Medicare providers you should find no push back to the acceptance of this plan, giving your more freedom and flexibility of provider at your disposal.

Not all Medigap (Medicare Supplement) providers offer Medigap Plan N.  MediGap Advisors recommends speaking with one of our independent, experts advisors to receive a recommendation on which plan may be best suited for your needs.  If you have any questions, call 866-323-1441 and we'll quickly give you the answers you are looking for.

Next Step:

Get an Instant Medigap Quote Learn How to Choose a Medigap Plan
 

Medigap Plans in the News

When Can Medicare Advantage Plans Be Exchanged For Medicare?
Medicare Advantage plans are another way to get Medicare benefits. This alternative is offered by private insurance companies and these insurers usually add more benefits than you can get with traditional Medicare. However, if the provider network, or anything else about the plan’s rules, doesn’t meet with your complete satisfaction, you can switch back to [...]

Can Medigap Plans Help Secure Your Retirement?
All of us have to face the reality that sooner or later our health could deteriorate.  Even after you have Medicare, it’s coverage is not complete enough to secure your future if you need to see a doctor often or you have to stay in the hospital.  Medicare contains gaps in coverage for both doctor [...]

Medicare Advantage Plans Let You Switch Back To Medicare
Medicare Advantage plans can expand on traditional Medicare coverage to help with dental, hearing and vision services without even raising your monthly premiums. That’s because Medicare Advantage plans are subsidized by the federal government. These plans do have some restrictions, though. With the exception of emergency situations, Medicare Advantage plans require you to get services [...]

Do Medicare Advantage Plans Have Try-out Periods?
Medicare Advantage plans are another way to receive Medicare benefits. They replace traditional Medicare Part A and B benefits with coverage through a private insurance company that adds on prescription drug coverage, like a Part D plan. Most Advantage plans add coverage beyond Medicare to help with dental services, eyeglasses and hearing aids. One of [...]

Can Medigap or Medicare Advantage Plans Change Your Life?
Medicare deductibles, along with co-insurance and co-pay charges, can add up to thousands of dollars in medical debt, but Medicare is not your only option. Both Medicare Advantage Plans and Medigap Insurance can expand on the benefits available through traditional Medicare. Your health status may impact those choices, though. As with conventional health insurance, insurers [...]

Lewis Chamberlain: Find the Medigap policy that meets your needs
Although Medicare covers many health care costs, you still have to pay certain coinsurance and deductible amounts, and there are services that Medicare does not cover.

Covering the Bases: Understanding Part B's enrollment periods
I have diabetes. I have Medicare Parts A, B, and D. I also have a Medigap plan to supplement my Medicare Parts A and B. There is some confusion about which card I use to cover my insulin and which card I use for my test strips. Medicare Part B covers test strips. Under the Part B benefit, you will have a 20 percent copayment for these test strips (once you have met your yearly Part B deductible ...

Additional Healthcare Coverage Needs For An Aging Population
As our population ages and healthcare costs increase, retirees need to ensure that their medical coverage is complete.

Sunrise Beach woman earns service award
A Sunrise Beach woman has been honored for her efforts to help residents in the Lake area get the most out of the federal Medicare program.

© 2012 - All Rights Reserved
Disclaimer: Medigap Advisors is not connected with or endorsed by the United States Government or the federal Medicare program.