Medigap Plan N – Medicare Supplement
|Part A Hospital Coinsurance||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|365 Hospital Reserve Days||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|Part B coinsurance||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Benefit for Blood||Yes||Yes||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Skilled Nursing Facility||No||No||Yes||Yes||Yes||Yes||50%||75%||Yes||Yes|
|Part A deductible||No||Yes||Yes||Yes||Yes||Yes||50%||75%||50%||Yes|
|Part B deductible||No||No||Yes||No||Yes||No||No||No||No||No|
|Part B excess||No||No||No||No||Yes||Yes||No||No||No||No|
|Foreign Travel Benefit||No||No||80%||80%||80%||80%||No||No||80%||80%|
|Out-of-pocket limit||N/A||N/A||N/A||N/A||N/A||N/A||$5,120 in 2017||$2,560 in 2017||N/A||N/A|
Whats Medigap Plan N?
Plan N is similar to both Plan D and Plan F. However, instead of not covering part or all of the Part A and B deductibles, this plan utilizes a cost sharing system to keep the premiums low. In exchange for premiums that are estimated to be about 30% lower, a new co-pay structure was created. Plan N pays 100% of the Part B coinsurance, except for a Co-payment for some office visits will be $20 and co-payment for emergency room trips will be up to $50. If you are then admitted to the hospital, this emergency room co-pay is waived.
Medicare Supplement Plan N has 100 percent coverage for the Part A deductible but no coverage for the Part B deducible. Supplement Plan N does cover the basic Core Benefits, which include complete coverage for Part A inpatient hospital insurance charges, the total expense for inpatient hospital care after the Medicare Benefit runs out, blood services (initial 3 pints), coinsurance expenses for Part B, Part A hospice palliative medication coinsurance, and the emergency benefits for travelling abroad. All of the Supplement Plans include some level of hospice care.
Overall the premium cost of these plans is expected to be around 70% of the cost of Plan F, or about 77% of the cost of Plan D. Plan N may be a good option for you because it offers very low out-of-pocket responsibilities and no network restrictions.
In many states Plan N will have no Medical Underwriting. You will not have to answer any of the medical questions or fill out pharmaceutical information to apply. In a few states there will be limited underwriting for this plan. Our licensed sales agents can give you more information on which states will be doing so.
Not all insurance carriers offer all of the Medicare Supplement Plans. This could be especially true for the Plan N. It can also be difficult to determine which plan is the right fit for you. Most insurance carriers offer a variety of plans, so our licensed sales agents can help you shop around for the plan that best fits your needs.