Medicare helps give millions of Americans the healthcare they need, and they wouldn’t have the money for.
While Medicare can help offset the rising costs of hospital bills and treatment costs, the program doesn’t pay for everything. There are plenty of things Medicare doesn’t pay for, which can leave applicants with a massive amount of debt.
One of the best ways is to purchase a Medicare Supplement Plan (typically called a “Medigap policy”). These plans cover anything from foreign medical emergency expenses to Part B excess charges.
There are ten Medigap policies you should compare to get the additional coverage for your health care needs. Each policy covers different expenses or different portions of those expenses.
Medicare supplement plan N is quickly becoming one of the more popular of the Medicare supplement plans.
If you came looking to get a set of Medicare supplement quotes just fill out the form on this page to get started on your personalized quotes. Otherwise, keep reading to learn more about Medigap plan N and how it may be the right choice for your health coverage needs.
We know finding the best Medigap policy for you can be a long and overwhelming process, but it doesn’t have to be. Our agents are here to help you make the best decision for your health care needs.
Medicare Supplement Plan N Coverage
Medicare Plan N is an interesting plan because it mimics plan D with its coverage except for it has a copay of $20 for doctor’s office visits and $50 for emergency room visits do not result in receiving in-patient services. The parts of Medicare that Medigap plan N covers are:
- Medicare Part A coinsurance, deductible, hospice care, and skilled nursing care.
- Medicare Part B Coinsurance
- The first three pints of blood for a blood transfusion
- Foreign travel emergencies
Without having the proper additional coverage, these expenses could leave you with massive medical bills you have to pay out-of-pocket. Those fees could drain your bank account and turn your retirement dream into a retirement nightmare. While Plan N is an excellent Medigap policy, there are still even more holes not covered by Plan N. If you want to get the most additional coverage, Plan N isn’t the best option.
Medigap Plan N vs Plan F vs Plan G
Each of these plans has its pros and cons. Medicare Plan N and Medicare Plan G do not cover the Part B deductible and Plan N does not cover Part B excess charges, while Medicare supplement Plan F covers all the coverage gaps left by Part A and Part B.
The advantage to plan G is it is cheaper than Plan F and Medicare supplement plan N is even less expensive than either of the other two.
What you have to do is work with an agent who can get quotes for all of these plans and from all the different companies in your area. This means you can do a comparison of the cost of Medigap plan N vs the other two.
Picking A Medigap Plan That Works Best
Let’s look at some different factors you need to consider when you’re looking to get the best supplemental plan to fit your needs. It’s vital you get the perfect healthcare plan to give you the protection you need.
Your health is a major factor in which supplemental plan suits your needs. For example, if you’re in bad health with several health complications, you should invest in a policy which is going to give the most coverage available, like a Medigap Plan F.
On the other hand, if you’re perfect health with few blemishes on your medical records, you could think about buying a cheaper plan doesn’t provide as much supplemental protection.
While you can’t predict the future, you can use your family history to guide you. If your family history is filled with various health complications, you should go ahead and invest in an all-encompassing Medigap policy.
While everyone wants to get the most inclusive policy, not everyone can pay for one of these plans. The more protection it provides, the more expensive it will be. Before you apply for a Medigap plan, sit down and review your budget.
Our agents have years of experience working with various insurance companies and can help you find the best plan for you. We can walk you through the decision-making process and answer any questions you have about the different plans and what they provide.
Applying For A Medigap Policy
You have to be at least 65 years old and be in Medicare Part B. As long as you meet these two guidelines, you can buy a Medigap policy. You should apply in the first 6 months.
During the first 6 months, it’s open enrollment. Medigap plans are guaranteed acceptance during this time.
You won’t charge you anymore for your coverage. You’ll pay the same rates as everyone else, regardless if you have any health complications. If you’re outside the 6 months time, you can still get coverage.
Medicare Plan N Quotes
Once you have a set of Medigap quotes you want to look at each plan and make sure the cost of what you may have to pay if you need health care does not far exceed what you will have to pay in premiums.
So if the cost of Medicare supplement plan N is low enough it may be a better choice than Medicare supplement plan g or plan f. Working with an independent agent is a good way to make sure you get the whole story. An independent agent does not work for any one insurance company but is able to shop all the plans and all the companies in your area.
At MedicareSupplementPlanG.com we are an independent agency will help you figure out if Medicare supplement plan N or one of the other Medicare supplement plans.
If you have any questions about Medicare plan N, one of the other plans, or if there is any way we can serve you please let us know.
Our agents are dedicating to ensuring you get the best Medigap policy to fit your needs.
Nobody should have to sacrifice their health. You’ve worked hard to reach this point in your life, you shouldn’t have your retirement dream turned into a nightmare because of medical bills or treatment costs.