Medicare Plan N: Almost Complete Comprehensive Coverage With Affordable Premium

Medigap Plan N

Medicare Supplement Plan N Coverage Review

As a Independent Broker I am always looking for ways to save my clients money and maximize their benefits. One plan that covers people at a high level is Medigap Plan N. Plan N is probably one of the most confusing plans

What does a Plan N cover?

As you can see in the chart below, Plan N is one of the more comprehensive Medicare Supplement options available. This plan requires you to pay the Medicare Part B deductible, a maximum of a $20 copay at the doctor, and a $50 copay emergency room visit cost (if you are admitted to the emergency room, that copay is waived).

Medigap Plans

Plan N may also expose you to excess charges. Although relatively uncommon, it is vitally important to know how excess charges work before deciding if a Plan N is the best choice for you. Doctors reserve the right to upcharge your service by a maximum of 15% above the Medicare-approved amount. With Plan N, you’d be paying for this 15%. The only plans that cover excess charges are Plan F and Plan G.

Who should choose Plan N?

In my experience, those who choose Plan N are either individuals who are exceptionally healthy and will not have to pay co-pays at the doctor and hospital on a regular basis or those who wish to have lower premiums than a Plan F or Plan G.

Who shouldn’t choose Plan N?

If you have some sort of health issue that requires regular doctor’s office or Emergency Room visits, Plan N may not be the best option. The co-pays for such visits can quickly add up to overcome the premium savings when compared to a higher level of coverage such as Plan F or Plan G.

Our recommendation:

Plan N should be a part of any Medicare Supplement comparison and should be considered a very good option for those who wish to have lower monthly premiums and are okay with exposure to a bit higher out-of-pocket cost. You would literally have to go to the physician 3 times or more per month every month to offset the savings.

Please follow and like us:

6 comments on “Medicare Plan N: Almost Complete Comprehensive Coverage With Affordable Premium

  1. family home says:

    Hi would you mind letting me know which webhost you’re using? I’ve loaded your blog in 3 different web browsers and I must say this blog loads a lot quicker then most. Can you recommend a good internet hosting provider at a reasonable price? Thanks, I appreciate it!

    1. MarkG says:

      Siteground was my original and I switched to 1&1.

      1. MarkG says:

        I use WordPress with custom theme and plugins.

  2. Hello there, You have done an excellent job. I will certainly digg it and individually suggest to my friends. I’m confident they will be benefited from this site.

  3. camera says:

    I love what you guys are usually up too. This sort of clever work and reporting! Keep up the wonderful works guys I’ve included you guys to my personal blogroll.

    1. MarkG says:

      Thank you! We try.

Join the Discussion

Enjoy this site? Please spread the word :)

%d bloggers like this: