Medigap Plan N - The Solution to Your Coverage Problem

Posted by J. Garrett Ball, Medicare specialist on April 19, 2010 under Uncategorized | Be the First to Comment

Have you ever been turned down for a Medicare Supplement plan? Are you paying more than you want to pay for your supplemental insurance? Do you have a Medicare Advantage plan and want better coverage?

If the answer is ‘yes’ to any of these questions or many more, then get excited - Plan N is for you. Plan N is one of the two new Medigap plans, which are available for effective dates June 1 and after. Plan N should be the more popular of those two new options - Plan M is the other new choice. The June 2010 changes to Medigap plans are part of the Medicare Modernization, and the new plans are called the “modernized” plans.

Plan N is available from many companies in many states already, and it will continue to be a good choice. Plan N, with most companies, does not have any medical underwriting. What this means is that you do not have to answer any medical questions at all to qualify for this plan. There are no pre-existing conditions limitations. So, what does Plan N cover?

First and foremost, Plan N still covers the 20% that Medicare doesn’t cover at the doctor and hospital. However, it does not cover the Medicare Part B deductible ($155/year) or any Part B excess charges (this rarely occurs as almost all doctors accept Medicare “assignment”). Additionally, it uses some cost-sharing to reduce the premium. There is a $20 doctor’s office co-pay and a $50 emergency room co-pay. Most companies are pricing Plan N approximately 75% of typical Plan F premium amounts. So, it definitely can be a good value.

For more information about Plan N and what it covers or to get rates for Plan N for your age and zip code, visit us at Medicare supplement quotes or call us toll-free at 877.506.3378. You can also get more information about Plan N at: Medigap Plan N