Medicare Supplement Plan N
Many Medicare-eligible individuals find that even the most comprehensive of Medicare Advantage plans may not adequately cover their health care costs. Medicare supplement, or "Medigap", plans exist to give Medicare recipients the extra coverage they need. These types of supplement plans help with out-of-pocket costs that patients struggle with, such as coinsurances, copayments, and deductibles. There are several different Medigap plans, and Medicare Supplement N covers many common expenses, allowing you to breathe easier, at a lower monthly premium than Medigap Plan F or Plan G.
What Does Medigap Plan N Cover?
Each Medigap plan is slightly different. Plan N includes:
- Part A (hospital) deductible
- Part A coinsurance (hospital) after Original Medicare benefits are exhausted
- Skilled nursing facility coinsurance
- Part B preventative care and preventative care continuance
- Part B coinsurance (with some exceptions)
Plan N Copays
It is important to note that, specifically with Medicare Plan N, you will owe the annual Part B deductible ($240 in 2024) and pay a $20 copay for each doctor’s office visit and a $50 copay for each emergency room visit. This differs from Medigap Plan F or G, which does not have copays but those plans typically carries a higher premium as a result.