There are ten standardized Medigap plans available in most states, including Medicare Supplement Plan N. You can use this plan to cover certain costs that Original Medicare does not cover, such as hospital or doctor's visits at a cost-sharing rate.
In common with most Medigap plans, Plan N offers standardized benefits. Anywhere you live and any company you use, Plan N will provide the same benefits.
How does Plan N work?
As part of Plan N, you are also covered for inpatient copays and coinsurance, minus a $50 copay. The result is a low monthly premium for you.
In Plan N, your only costs when visiting the doctor are the $20 copay and the $240 Part B deductible.
Additionally, if you live in a state that allows excess charges, you may have to pay them. Overcharges are rare, however, since most doctors accept Medicare assignment.
Foreign travel emergency benefits are also included in Plan N. Emergency services are covered up to the plan limits if you travel outside the U.S.
The following benefits are included in Plan N:
- Coinsurance and other expenses associated with Medicare Part A after Original Medicare benefits have been exhausted for up to another 365 days
- Coinsurance or copayment for hospice care under Medicare Part A
- Deductible for Medicare Part A
- There are no coinsurances or copayments for Medicare Part B (except for office visits up to $20 and emergency room visits up to $50).
- The first three pints of blood used in a medical procedure (per year)
- Coinsurance for skilled nursing facilities
- Emergency care for foreign travel (80%, up to plan limits)
In Medicare Plan N, what is the copay?
For lower monthly premiums, you pay a $50 copay at the ER (if it does not result in inpatient admission) and a $20 copay at the doctor's office. Nevertheless, Urgent Care centers do not charge copays.
Rather than going to the emergency room for something minor, you can visit urgent care instead and avoid copays. This copay does not count towards your Part B deductible.
What is the cost of Plan N?
Plan N costs an average of $120-$180 per month. The fee can range from $150 to $200 in some states, while it is as low as $80 in others. Depending on your personal information and the plan letter you select, you'll pay different premium rates. Your premium rates can be affected by factors like your state of residence, gender, age, and tobacco use.
Plan N: How To Sign Up
It is possible to enroll in a Medicare Supplement plan at any time of the year. When you have guaranteed issue rights, or during your Open Enrollment Period, you should enroll in Medigap. A carrier may reject your application if your health status requires you to answer underwriting questions.