What is Medicare Supplement Plan N?
Medicare Supplement Insurance (Medigap) Plan N is one of the most comprehensive Medigap Plans offered and also one of the most popular. You may also see it referred to as “Medicare Part N”, but this is not the official terminology and it can cause confusion regarding what Plan N is and is not. Plan N is, as stated above, supplemental insurance, meaning that it is not a standalone policy but rather something which can be added to Original Medicare (Parts A and B) to reduce one’s out-of-pocket expenses. Plan N covers most of the gaps left by Original Medicare. Specifically, it covers:
Supplies and services covered by Plan G:
- Part A coinsurance and hospital costs up to a year after Medicare benefits are used up
- Part B coinsurance/copayments
- Blood transfusions up to 3 pints annually
- Part A hospice care coinsurance/copayments
- Skilled nursing facility care coinsurance
- Part A deductible
- 80% of foreign emergency care (up to a certain limit)
In practical terms, Plan N will help pay for hospital-related costs such as blood transfusions and skilled nursing, and you will not owe any deductibles on these services. You will, however, have to pay deductibles for your Part B (medical insurance) coverage. Once these deductibles have been paid, Plan N will also cover doctor’s visits, lab work, surgeries, x-rays, medical supplies, and more. Aside from the deductible for Part B, the only major item not covered by Plan N is the Part B excess charge from doctors who do not accept Medicare assignment. Overall, enrollees in Plan N can expect to see relatively low out-of-pocket expenses compared to what they would get with Original Medicare alone or with most of the other Medicare Supplement Insurance Plans.
Plan N is not one of the three plans Medicare Supplement insurers are required to offer, and thus it may be less widely available in your region than something like Plan F. If you do have multiple versions to choose from, make sure to shop around to be sure that you have found the best choice for your budget. Remember that all versions of Plan N, regardless of which insurer they come from, must provide the coverage outlined above. While it is not the most comprehensive of the Medigap plans, Plan N is still among the best and also tends to come at a cheaper rate than Plans F and G, making it a solid choice for those who want good coverage without especially high premiums. Residents of Massachusetts, Minnesota, or Wisconsin, should note that these states’ Medigap Plans are not standardized with the typical letter system (A, B, C, D, F, G, K, L, M, and N). Thus, there may not be a “Plan N” available in your area.
What is the difference between Plan F and Plan G?