Medicare Plan N reviews can be found all over online, making sure you find real reviews on authority websites is essential. Below, we’ve given a summary of Plan N and our expert analysis.
Medicare Plan N Reviews
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 is for customers who like the lower premium in exchange for taking on a small annual deductible and some copays.
All 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.
All 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 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 Plan N Outline of Coverage that will give you more details.
Any 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 routine tests. You pay absolutely nothing for any standard preventive services.
Plan N coverage also includes visits to the doctor for injuries and illnesses, Durable Medical Equipment (DME) suppliers, ambulance, surgeries, home health, lab-work and other imaging tests, diabetes supplies, and much more.
The thing to remember is that if Part A or B covers it, then your supplement will also include it. Medicare pays 80% and then sends the bill to your Supplement company.
You will pay a 15% excess charge if your doctor doesn’t accept Assignment.
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 have coverage in the hospital by Plan N:
- 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.
Medicare Plan N Cost Review
Plan N offers the same primary benefits as 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 ($197 for 2020). You’ll also pay co-payments up to $20 for doctor appointments, and emergency room visits have a $50 copay.
Finally, people with Plan N also pay excess charges to some doctors. Doctors can charge 15% more than what Medicare allows; this is called an excess fee.
Plan N does not cover this for you as Plan F or G would. This could result in small bills from time to time.
You can avoid this Part B excess charge by merely asking your doctors upfront if they accept the assignment. If they do, you don’t need to worry about excess charges.
Another option is to compare 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 fewer bills are 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 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 options, and it should be easy to find.
If you have Parts A and B, and you live in the plans services area, then you’re eligible to enroll in Plan N. You should join in Plan N during your Open Enrollment Period (OEP).
This OEP is a six-month window that starts when you’re both 65 and have Part B. This enrollment period is your one chance to enroll in any Supplement without health underwriting. No insurance company will turn you down or raise your premium due to health conditions.
If you missed your OEP, you could still apply for Plan N. Talking with one of our insurance brokers will allow you to see which companies’ applications you can pass if you do have medical issues.
Medicare Supplement Plan N Reviews
Our Plan F Review post was so popular, in the article, our Medicare expert explains why all Supplements get high marks.
Medicare is the entity that decides which claims get paid. If Medicare approves the claim, then your Plan N policy will review the request and pay its share.
As an agency that has tens of thousands of policyholders, we get tons of feedback from our clients. Many people love the Plan N and are happy with their coverage.
Of course, some members 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 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.