Medicare Supplement Plan N is one of 10 Medigap plans available for people who have Original Medicare Parts A and B. It’s called a Medigap plan because it helps fill in some of the gaps in healthcare coverage left behind by Original Medicare.
Let’s look at Plan N to determine whether it’s right for your healthcare needs.
Like all Medigap Plans, Medigap Plan N is standardized across the board. If an insurance company offers Medicare Supplement Plan N in your area, you can apply for it. The coverage levels don’t change based on your insurer.
However, you’ll want to do some comparison shopping even if you decide Medigap Plan N is the right one for you. Insurers can set their own premiums for every Medigap plan they offer. Since premiums can vary widely, you’ll want to make sure you compare as many insurance companies as possible.
Medigap Plan N is also one of the most comprehensive plans available. It covers several types of deductibles, coinsurance, and copayments that you would otherwise have to pay out-of-pocket.
Like all Medigap plans, it covers 100 percent of your Original Medicare Part A coinsurance and hospital costs. Even after you’ve used your Original Medicare coverage, Medigap Supplement Plan N will cover an extra 365 days of inpatient hospital coverage.
Medigap Plan N also covers 100 percent of your Original Medicare Part B coinsurance. However, you will have a $20 copayment for certain office visits. You might also have to pay a $50 copayment for emergency room visits or outpatient hospital services.
Other plans, such as Medigap Plans A, B, C, D, F, G, and M, pay for 100 percent of Original Medicare Part B coinsurance as well as copayments. You’ll have to decide whether choosing a different plan, which might have higher premiums, will save you money over having to pay the occasional copayment out-of-pocket.
Medicare Supplement Plan N does, however, cover 100 percent of your Original Medicare Part A deductible, skilled nursing coinsurance, Original Medicare Part A hospice coinsurance or copayments, and your first three pints of blood each year.
Consider Medigap Plan N if you’re interested in a comprehensive Medicare Supplement plan that lends itself to international travel.