Medicare Plan N is an ideal choice of supplemental medical insurance for people who are in relatively good health. It comes with a decent amount of coverage and yet has low premiums that most people will be able to afford. Let’s take a look at some of the plan’s benefits and how it compares to other plans.
What Plan N Does for You
Plan N can cover the majority of expenses that Medicare parts A and B do not. Medicare will only cover your hospitalization costs for so long. After it is finished, Plan N will take over hospitalization expenses for up to 365 days. Most of the Medigap plans that provide hospitalization coverage offer the exact same time frame.
Plan N will also take care of many foreign medical expenses. If you have to be taken out of the country for medical care, Medicare won’t typically pay for these expenses, but it will be covered by Plan N. This may be something you could use. To find out, ask your doctor about where the best medical care is for the health issues you have. You may determine that foreign medical care is a possibility for your future.
Additionally, Plan N also covers the medical expenses for part B of Medicare. The benefits of this plan kick in after you pay the annual Part B deductible out-of-pocket each year. After this is paid, you might have a small co-pay each doctor’s visit with Plan N. This co-payment will never be more than $20. As well if you have to go to the emergency room and you do not get admitted to the hospital, there is a $50 co-payment.
That’s one of the great benefits of using a high-coverage option like Medicare Plan N. You typically know exactly what you will have to pay for and can count on your insurance plan to cover the rest. This lets you make arrangements to have all your medical expenses taken care of and only really have to worry about small co-pays and the plan’s premiums.
Plan N will also cover the first three pints of blood that you require every year as well as skilled nursing facility services, the Part A deductible for hospital stays and hospice care.
How It Compares to Other Plans
Plan N is actually one of the cheaper plans around. You will find that its premiums are lower than most other Medigap plans, and its out-of-pocket expenses are low as well. People who opt for Plan N will have to pay a $20 copay for office visits and $50 for trips to the emergency room. That is the entirety of out-of-pocket fees for Plan N subscribers.
Plan N comes with lower premiums than either Plan F or Plan G. The actual price you will pay for a premium for any plan will vary, however. Because each insurance provider is allowed to set their own price for the plans they offer, you could be paying wildly-differing rates depending on which provider you use. That is why it is helpful to use an online service such as ours to compare rates and ensure you are getting the best deal for your money.
Is Medicare Plan N right for you? Compare it with other plans and consider what you can afford as well as the coverage you require. Enter your zip code below to compare plans and rates instantly.
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