Medigap Plan N is also becoming increasingly popular. It covers everything Original Medicare does not except for the Part B deductible, Part B excess charges, and a few copays.
What does Medigap Plan N cover?
Plan N covers:
- Part A coinsurance and up to an additional 365 days of hospital costs after Medicare benefits are exhausted
- Part B coinsurance/copayment, except for a $20 copayment for some office visits and a $50 copayment for emergency services unrelated to inpatient admission
- Blood (3 pints)
- Part A hospice coinsurance/copayment
- Skilled nursing facility care coinsurance
- Part A deductible
- 80% of foreign travel exchange
- No out-of-pocket limit
What isn’t covered under Medicare Supplement Plan N?
Medigap Plan N does not pay for the Part B deductible. (The only plan that still does this is Plan F, but it is no longer available to those who turned 65 after January 1, 2020.) You will also be responsible for any Part B excess charges. These apply if you receive care from a provider who does not accept Medicare assignments.
You’ll pay a $50 copay for emergency services that do not end in hospital admission and a $20 copay when visiting your doctor.
While it does offer slightly less coverage than Plans F and G, Plan N is a great option for those who want a lower monthly premium.
Medicare Supplement Plan N eligibility
Medigap Plan N has the same eligibility requirements as any other supplement. You must first be enrolled in Medicare Parts A and B.
The best time to purchase a Medigap plan is during your Initial Enrollment Period. At this time, you will have guaranteed issues of any plan of your choosing, regardless of your health status. You will also not pay higher premiums if you do have health conditions. Outside of this enrollment period, carriers may deny you coverage or increase your premium in most instances.
Medigap plans are an excellent way to keep your out-of-pocket medical expenses low. If you are interested in obtaining a Medigap plan, give Senior Benefit Solutions a call. We’ll get to know you and your unique set of circumstances so that we can make customized suggestions.