What is Medicare Supplement Plan N?
Updated: May 22, 2019
In most states there are up to ten standardized Medicare Supplement (Medigap) insurance plans. The most popular Medigap plans tend to be Plan F, Plan G, and Plan N. Let's explore Medigap Plan N.
What is Medigap Plan N?
As with all Medigap plans, Plan N is federally regulated and standardized, which means Plan N is the same regardless of which insurance carrier is offering it. While both Medigap Plan F and Plan G are more comprehensive, Medigap Plan N is a good option for people that can't afford the Plan F and Plan G monthly premiums. Of course it varies, but the Plan N monthly premium tends to be about $10 less than the Plan G premium and often up to $50 less than the Plan F premium.
As we said earlier, Medigap Plan F is the most comprehensive plan. With Plan F you'll have zero out-of-pocket medical expenses. Medigap Plan G has the same coverage as Plan F, except you'll be responsible for the Medicare Part B deductible ($183 in 2018).
Medigap Plan N is essentially the same as Plan G, but with more cost-sharing situations. In addition to the Medicare Part B deductible, Plan N also requires its enrollees to pay up to a $20 copay for doctor visits and a $50 copay for emergency room visits. Plan N also doesn't cover any Medicare Part B excess charges.
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