Medicare Supplement Plan N - What It Is & What It Is Not

By Author: Medicare Supplement Plans, Medicare Supplement Plan
Total Articles: 78
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Medicare Supplement Plan N is the newest offering for many insurance companies.  This is a very good plan and many seniors have questions about what exactly this plan covers and how it differs from the old Medicare Supplement Plans.   As agents and companies scramble to provide answers to these questions, this plan continues to draw the attention of thousands of Medicare recipients.  Below is a detailed description of exactly what Plan N covers. 

First you should know that Medicare Supplement Plan N is standardized by the Center for Medicare Services, which means all insurance companies who offer this plan must provide the same exact coverage for people who purchase this option.   Therefore, it is very important to shop and compare quotes from multiple insurance companies before making a purchasing decision.  This simple step can save you hundreds or even thousands of dollars over your lifetime. 

Medicare Supplement Plan N has a very competitive benefit offering.  While this plan does cover 100% of the Part A deductible, it does NOT cover the annual Part B deductible, which is $155 for ...
... 2010.  In addition Plan N does not cover Part B excess charges and it does require that policy holders pay a copay for doctor visits of up to $20 and for emergency room visits up to $50.  Medicare Supplement Plan N does however pay the 20% coinsurance that Original Medicare does not.

While this Medicare Supplement Plan has reduced benefits, the plan is desirable for some seniors because of the reduced price.  People who are in good health and rarely see a doctor may save money as the monthly premium can be significantly less than popular Medicare Supplement Plans such as Plan F and Plan C.   However, it is important to keep in mind that most people need more medical care as they age so a plan with a more complete benefit package may be better unless you are on a very tight budget.

There are many questions regarding the application process for Medicare Supplement Plan N.  This plan is not considered guaranteed issue, however some companies will issue this plan without medical underwriting in some states.  If you would like to consider purchasing Medicare Supplement Plan N, you should contact a national insurance broker who carries multiple companies and can answer all questions and provide quotes.  This will save you time and money while ensuring you make a good decision.  
Medicare Supplement Plan N is a great option for some people who are just turning 65 and are in great health.  However, we recommend the majority of seniors purchase Medicare Supplement Plan F as this is the most comprehensive and popular plan.   Consult a licensed expert who can offer an unbiased opinion  about Medicare Supplement Plans and can answer all your toughest questions.