Medicare supplement insurance Plan N is one of the more popular Medicare supplement plans. Although Plan F and Plan G the most popular options, Plan N is 3rd place in popularity for the plans that offer the most coverage. As you may know, Plan F covers the most and has the most expensive monthly premiums out of these three plans. Plan G has less expensive premiums but does not cover the Part B deductible. Plan N is usually the least expensive of the three, but it does not cover the Part B deductible or co-payments for doctors and emergency room visits.
This plan was introduced in June 2010. Compared to the rest of the plans, It is a relatively new Medicare supplement plan. It was popular almost immediately because it has low monthly premiums while still offering quite a bit of coverage.
Medicare Supplemental Plan N covers the following Medicare expenses:
Plan N covers everything that Part F and G cover except for: Part B deductible, Part B excess charges, and co-payments of $20 per doctor visit and $50 per emergency room visit. Doctors rarely charge excess charges, and you can ask your primary physician if they charge or not. Aside from the Part B deductible and co-pays, Plan N can potentially save you up to 25% on your monthly premiums.
Medicare supplement plans have been completely standardized since 1991. It is important to understand this before you consider rates from different companies. So, as you consider Plan N pricing from various insurance companies, you can feel comfortable that a standard Plan N from each company will be identical in the following ways:
Knowing about the different areas of standardization above makes it extremely easy to consider rates for Medicare supplement Plan N from any company. So, it really comes down to who is going to offer the best rate from a company you can trust for your Plan N.
That’s one reason so many Medicare recipients turn to a GoMedigap agent. We care about educating our clients through the buying process and ensuring they have options from over 30 providers nationwide. This ensures that you’ll know what you’re buying and have the choices available to find the best value.
Medicare supplement Plan F, Plan G and Plan N are the three most popular Medicare supplement plans, because they offer the most coverage. Of the three most popular plans, Plan N is usually the least expensive option. Though the premiums are lower, it still offers quite a bit of coverage.