Medicare Supplement Plan N is one of ten standardized Medigap plans available in most states. Like other Medigap basic benefits, this plan helps with certain costs that Original Medicare doesn’t cover, including cost-sharing expenses you may have for hospital services or doctor visits.
As with most Medigap plans, Plan N’s benefits are standardized. You’ll get the exact same benefits for Plan N, no matter where you live or which company you use.
In addition to your inpatient deductible, which falls under Part A, Plan N also covers your inpatient copays and coinsurance, minus a small copay of $50. Your monthly premium is kept low because of this.
If you have Plan N, the only costs you’ll have when visiting your doctor are the $20 copay and the Part B deductible, which is $226 in $226.
You may also have to pay excess charges if you live in a state that allows them. However, most doctors accept Medicare assignment, so excess charges are rare.
Plan N also includes foreign travel emergency benefits. If you travel outside the United States, Plan N will cover emergency services up to plan limits.
Plan N covers the following benefits:
You pay a small copay of $50 at the ER (if it doesn’t result in inpatient admission) and a $20 copay at the doctor’s office in exchange for lower monthly premiums. Yet, if you visit an Urgent Care center, there is NO copay.
If you can’t get an appointment with your primary care physician, then instead of going to the ER for something minor, you can go to urgent care and avoid copays. Remember that these copays do not count towards the Part B deductible.
The average cost of Plan N is between $120-$180 per month. However, some states charge up to $200 while others only charge $80. The premium rates you pay are determined by your personal information as well as the plan letter you select. Factors such as your state of residence, gender, age, and tobacco use can affect your premium rates.
An individual can enroll in a Medicare Supplement plan at any time of the year. It is best to enroll during your Medigap Open Enrollment Period or at another time when you have guaranteed issue rights. Otherwise, you’ll need to answer underwriting questions and the carrier could deny your application because of your health status.
