Medicare Supplement Plan N

By: Meredith Miller
Published: Thursday, July 26 2018
Last Updated: 3 years ago

Medicare Supplement Plan N If you're turning 65 soon, you're probably checking out your options for Medicare and Supplemental gap coverage. This government-provided health insurance will allow you to get the medical care you need with fewer worries about the cost. However, standard Medicare doesn't cover all of your medical fees or out-of-pocket expenses. That's why many private insurance companies offer Supplemental plans like Medigap Plan N.

You can choose from among 10 Medicare Supplemental plans to cover expenses like copays, coinsurance, and extended hospital stays that aren't covered by Original Medicare Part A or Part B. An insurance agent who specializes in Medigap policies can help you find a plan that's right for your budget and circumstances. Here's a little information about Medicare Supplement Plan N.

What Is Medicare Plan N?

Medicare Supplement Plan N is one of 10 Medigap insurance plans. It is offered by a number of private insurance companies to provide a more comprehensive level of coverage over basic Medicare Parts A and B. The Medicare Plan N coverage is standardized by the US government to ensure uniformity from provider to provider.

The only difference is the cost of Medicare Plan N premiums and the underwriting criteria to qualify. Medigap Plan N covers 100 percent of allowable out-of-pocket expenses at any doctor in the United States that accepts Medicare.

What Medicare Supplemental Plan N Covers?

When you purchase Medicare Supplemental Plan N, you'll no longer have to worry about copays and coinsurance if you need home nursing care or you're hospitalized beyond the allowable limit for Medicare Part A. As long as you've met your deductible, your Medicare Supplement Plan N will cover:

  • Medicare Part A hospital costs for up to one year after you've exhausted your original Medicare limit.
  • Medicare Part B coinsurance and copays.
  • Up to three pints of blood if you need a transfusion during a medical procedure.
  • coinsurance and copays for Part A hospice care coverage.
  • coinsurance and copays for Part A approved skilled nursing care (SNC).
  • Your Medicare Part A deductible.
  • Emergency care in foreign countries up to the plan limits.
  • Doctor's office visit copays beyond $20.
  • Emergency room copays, if you're admitted to the hospital during your visit.

What Doesn’t Medicare Plan N Cover?

When you purchase Medicare Supplemental Plan N, it will take care of any additional cost associated with hospitalization and critical care for seniors living on a fixed income. There are some costs that Medicare Plan N doesn't cover. For example, if you have a spouse who also qualifies for Medicare Parts A and B, they will have to purchase their own Medicare Plan N coverage. Other costs not covered under Medicare Plan N supplemental insurance plans include:

An excess charge is an amount a doctor is allowed to bill you above the Medicare-approved fee. It is limited to 15%. States that prohibit excess charges are Connecticut, Massachusetts, Minnesota, New York, Ohio, Pennsylvania, Rhode Island, and Vermont.

Medicare Supplement Plan N Cost

All Medicare Plan N coverage offers the same benefits, but the premiums vary from company to company. Any premiums paid for your Medicare Plan N policy go to a private insurance company, not to Medicare. We strive to provide the latest, most accurate quotes for Medicare Plan N coverage. Please feel free to browse our website and compare prices and quotes from different Medicare Plan N providers.

Who Should Consider Medicare Plan N?

Medicare Plan N is for seniors who don't want to purchase Medicare Advantage, who have no other secondary insurance plan, and who want to pay less out-of-pocket. Although all Medigap plans are standardized, Massachusetts, Minnesota, and Wisconsin have different Medigap Plan N coverage standards. Private or employer-provided insurance that doesn't qualify as Medigap coverage includes:

  • Medicare prescription drug plans
  • Medicaid ∙ Employer-provided plans, including Federal Employees Health Benefits Program (FEHBP)
  • Veteran's benefits
  • Indian Health Service, Tribal, and Urban Indian Health plans
  • Long-term care insurance

In order for you to qualify to purchase a Medigap Plan N policy, you must have Medicare Part A and B. It is illegal for insurers to sell Medicare Supplement Plan N to seniors who have a Medicare Medical Savings Account (MSA) Plan.

Let Us Help You Find the Right Medigap Plan N Provider for You

Medicare can be complicated, and it seems like rules about coverage change every year. Our company is an information resource you can depend on to provide the most up-to-date facts about Medicare Supplemental Plan N coverage. Browse our website to compare providers or to learn more about the benefits of purchasing Medicare Plan N.