Medicare Plan N reviews can be found all over online, making sure you find real reviews on authority websites is important. Below, we’ve provided an overview of Medicare Plan N and our expert review.
Medicare Plan N Reviews
Medicare Plan N may require you to pay your Part B deductible, excess charges and some copays for doctor and emergency visits but it typically has lower premiums. Plan N has been a popular option since it was first introduced in 2010.
This option was created for consumers who like the idea of paying a lower premium in exchange for taking on a small annual deductible and some copays.
All Medicare Plan N policies are the same, no matter which company you choose. You can find Plan N available in many states from well-known insurance providers.
AHIP reported in 2015 that the Plan N enrollment grew by 33% between 2013 and 2014.
People may refer to Plan N as Part N, but the proper term is Plan N. Medicare has Parts, but when talking about supplemental insurance, use the word “Plan”.
All Medicare supplements are standardized by the government, meaning that no matter which company you choose, a Plan N has the same coverage.
Plan N covers the 20% that Medicare Part B doesn’t, it also pays for your hospital deductible and all your hospital copays and coinsurance. You will pay your own Part B excess charges, Part B deductible and some small copays when you go to the doctor’s office and the emergency room.
If you ask your agent, they can send you a Medicare Plan N Outline of Coverage that will give you more details.
Any standard preventive care is covered entirely by Medicare. This includes services like screenings for cancer, diabetes and cardiovascular conditions.
This coverage extends to annual physicals, colonoscopies, vaccines and a variety of other normal tests. You pay absolutely nothing for any standard Medicare preventive services.
Medigap Plan N coverage also includes visits to the doctor for injuries and illnesses, Durable Medical Equipment (DME) supplies, ambulance, surgeries, home health, lab-work and other imaging tests, diabetes supplies, and much more.
The thing to remember is that if Medicare Part A or B covers it, then your supplement will also cover it. Medicare pays 80% and then sends the bill to your Medicare Supplement company.
You will pay a 15% excess charge if your doctor doesn’t accept Medicare Assignment.
Medicare Part A covers hospital benefits like inpatient hospital services, skilled nursing, home health, hospice and blood transfusions. Having a Medigap policy means that you have coverage on your Part A hospital deductible.
These items are covered in the hospital by Medicare Supplement Plan N:
- The Part A Hospital deductible and your coinsurance (20%)
- An extra one year (365 days) of hospital benefits after Medicare’s coverage runs out
- Hospice care at any certified hospice center
- Coverage for the first 3 pints of blood
- Plan N also provides foreign travel emergency benefits up to the plan’s limit.
Medigap Plan N offers identical basic benefits like the more popular Plan F, but you agree to pay a share of a few things that you wouldn’t pay for with a Plan F.
First, you agree to pay the small annual Part B deductible ($185 for 2019). You’ll also pay co-payments up to $20 for doctor appointments and emergency room visits have a $50 copay.
Finally, people with Medicare Supplement Plan N also pay excess charges to some medical providers. Providers can charge 15% more than what Medicare allows, this is called an excess charge.
Plan N does not cover this for you like Plan F or G would. This could result in small bills from time to time.
You can avoid this Part B excess charge by simply asking your providers up front if they accept Medicare assignment. If they do, you don’t need to worry about excess charges.
Another option is to compare Medicare Plan N v Plan G. Those who enroll in Plan N also often look at Plan G as an alternative because Plan G is only slightly more expensive. The primary difference is that Plan G covers the little copays and excess charges so there are less bills showing up in your mailbox.
Talking to an insurance agent that specializes in Medicare can help you determine which plan is most suitable for you.
Many carriers offer the Medigap Plan N, however, it’s up to the insurance company whether they want to sell it or not. Plan N is one of 10 federally standardized Medicare Supplement options, and it should be easy to find it.
We work with multiple insurance companies, like Aetna and Mutual of Omaha, along with plenty others.
If you have Medicare Parts A and B, and you live in the plans services area then you’re eligible to enroll in Plan N. You should enroll in Medigap Plan N during your Medicare Supplement Open Enrollment Period.
This Open Enrollment Period is a six-month window that starts when you’re both 65 and enrolled in Part B. This enrollment period is your one chance to enroll in any Medicare Supplement without health underwriting. No insurance company will turn you down or raise your premium due to health conditions.
If you missed your Open Enrollment Period, you can still apply for Medigap Plan N. Talking with one of our insurance brokers will allow you to see which companies’ applications you are able to pass if you do have medical issues.
Medigap Plan N Reviews
Our Medicare Supplement Plan F Review post was so popular, in the article our Medicare expert explains why all Medicare Supplements get high marks.
Medicare is the entity that decides which claims get paid. If Medicare approves the claim, then your Medigap plan N policy will review the claim and pay its share.
As an agency that has tens of thousands of policy holders, we get tons of feedback from our clients. Many people love the Medigap Plan N and are happy with their coverage.
Of course, there are some members that complain the excess charges feel like they are being nickeled-and dimed for their coverage.
If this is a concern you have, ask one of our insurance experts to compare Medicare Plan N vs Plan G for you.
The reason each company gets two thumbs up? An A+? Well, if Medicare pays, the plan pays, and coverage doesn’t get much more reliable than that.
To compare Plan N with carriers in your area, give us a call. A licensed agent will be able to assist you in comparing rates to find a carrier that offers Plan N within your budget. You can also request to receive rates using our online rate form here.