Medicare Supplement Insurance: Plan N
Medicare Supplement (Medigap) Plan N is a standardized Medicare Supplement insurance plan, meaning it has the same benefits across all carriers. Medigap Plan N covers 100% of the Medicare Part B coinsurance costs, with the only exception being that it requires a $20 co-payment for office visits and up to $50 for emergency room visits.
Medigap Plan N includes the following benefits:
- Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits run out
- Part A hospice care copayment or coinsurance
- Part A deductible
- Part B coinsurance costs (except for office visits and emergency room visits)
- Part B preventive care coinsurance
- First three pints of blood used in a medical procedure
- Skilled nursing facility (SNF) coinsurance
Medigap Plan N does not cover the Medicare Part B deductible or Part B excess charges and thus, the beneficiary is responsible for paying these costs out-of-pocket.
The benefits of Medigap Plan N are similar to Plan D’s policy, the sole exception being how it covers Medicare Part B coinsurance costs. Under Medigap Plan N, 100% of the Part B coinsurance costs are covered, except up to a $20 copayment for office visits and up to $50 for emergency room visits. These are completely covered under Medigap Plan D, making this policy of interest to those comfortable with frequent co-payments for doctor or emergency room visits.
Compare Medigap Plan N with other Medicare Supplement insurance plans
Like all Medigap plans, the costs associated with Medigap Plan N may vary by carrier. How a certain insurance carrier “rates” the Medigap Plan N premiums determines how much an individual will pay to obtain a policy. Medigap Plan N may be an attractive option for those seeking broad coverage. It is not the most comprehensive Medicare Supplement insurance plan, so it is recommended that you review the details of all ten Medigap plans in order to find a Medigap policy that works best with your needs.