Medicare Supplement N
Coverage Details: Plan N has a great benefit package for those who are in great health. Plan N covers all major medical costs except the annual Medicare Part B deductible and Part B excess charges. In addition, Medicare Supplement Plan N has co-payments of up to $20 for office visits and up to $50 for emergency room visits. The co-pay for ER visits will be waived if you are admitted into the hospital. People tend to like plan F because it provides protection from catastrophic medical expenses, while still providing good coverage for everyday medical procedures.
Popularity: Medicare Supplement Plan N, being one of the most affordable options, has become a very popular choice over the past few years. People who rarely visit the doctor prefer this plan as the monthly premium is often $40 to $50 less than Plan F on a monthly basis. Plan N was introduced to the marketplace on June 1st, 2010, and has become increasingly popular as insurance costs have increased.
What are Part B excess charges anyway? Part B excess charges are scary, but mostly because few consumers understand what they are. Doctors who do not accept Medicare assignment can charge an additional 15% above the cost Medicare approves. IF they charge this additional 15%, you are responsible for paying the additional charge. The majority of doctors who accept Medicare patients also accept Medicare assignment, but it is worth asking the question prior to making an appointment with your preferred medical provider. Keep in mind the Medicare Part B excess charges benefit can become more important as doctors are becoming disenchanted with Medicare reimbursement rates.
Quotes: Premiums for Medicare Plan N are usually 60-65% of the price of Plan F, or approximately $115 per month. Plan N is standardized, meaning every insurance company that offers this plans must include the same benefits. Therefore, it is wise to compare prices from many different insurance companies before purchasing a plan. Please do not hesitate to call our toll free # or click the “get quotes” button to the right to get started.