Medicare Supplement Plan N 2020
A medical insurance plan doesn’t have to be pricey to offer you great coverage. Medicare Supplement Plan N 2020 is proof of that, and we want to tell you a bit about this plan- what it covers for you, how you can sign up and how you can save money when you are looking for deals on Plan N.
Powerful, Economical Coverage
What makes Plan N stand out from other medical supplemental insurance plans is that it does not offer any fluff or unnecessary medical expenses. There are some medical coverage items that you are simply not likely to need but that other insurance plans will offer. One of those is the Medicare Part B excess charges. This is an expense you only have to pay if you go for outpatient care at a medical facility that does not fully accept Medicare This just doesn’t happen that often, and we consider it an unnecessary coverage item most of the time.
Plan N doesn’t cover that, and it doesn’t cover the Medicare Part B deductible either. This is a once-a-year charge that is only $185 and applies to outpatient services as well. Everyone who has Original Medicare will need to pay that, and none of the active Supplement plans will be covering this charge. It’s simply not worth it to have this expense covered at this point, which is why every plan that does cover it is now delisted.
Plan N offers tight but expansive coverage. It covers you for a lot of different medical expenses, but none of them feel unnecessary or tacked on, so you always feel like you are getting value for your monthly premium. We’ll talk more about the premiums in a moment. First of all, let’s talk about the coverage this plan offers.
If you were to apply for Plan N and be approved for it, then you would be covered for all of the following medical expenses:
Medicare Part A’s annual deductible- a once-a-year charge for inpatient care
Part A’s copayment- covering you for per-visit costs for outpatient care
Part A’s hospice coinsurance- covering the rest of hospice services that are not covered by Medicare
Part B’s copayments- most copayments are covered by Plan N, except for those that apply to ER visits and doctor’s office visits
Skilled nursing care coverage- taking care of the coinsurance costs for care at Medicare-approved facilities
Foreign travel exchange- covering you for 80% for when you need to be transported by an emergency medical vehicle in a foreign county
Three pints of blood- annually renewed coverage for blood used during medical procedures, with the rest being covered by Medicare
This level of coverage puts Plan N squarely in the high coverage category, and if you have many out-of-pocket medical expenses and you visit the hospital and other medical facilities frequently, then this is a great plan to consider. You alone can determine if Medicare Supplement Plan N 2020 is the right option for you, but it is one you will want to look at, since it will save many seniors a whole lot of money next year.
Plan N’s Cost
The cost of this plan is really up to you. That may sound incredible, but what we mean is that the insurance companies that sell Plan N are able to set their own prices, and there are a lot of these companies. You are probably familiar with some of them- Mutual of Omaha, Aetna, Cigna, AARP and more. These companies have to abide by Medicare’s rules when it comes to the coverage that Plan N and other Supplements offer, but the price is entirely up to the private insurer’s discretion.
The cost of Plan N can change every so often, and you will want to keep up with it and ensure you know the current price before you try to apply for a Plan N policy from a particular insurance carrier.
You can make use of our website for this purpose. We offer you a free, no-obligation way to source as many quotes as you like for Medicare Supplements. You can search for Plan N here on our site and then get a list of prices for it in a matter of moments. That way, you can see what the different insurance companies are charging for this plan, and you can see how affordable it is for you. You can use this list to tell if Plan N is something that can fit your budget or if you need a different plan entirely. You can also tell who has the best rate for this plane and who you want to go with as your insurer.
Now there are other factors to consider as well, such as member perks, company stability and customer service, but the price will be the big factor for most people. Once you know what the rates are for a given plan that you are interested in, then you can easily narrow down your choices and look more closely at a few of the plans and the providers who are selling them.
Who Can Sign Up for Plan N?
This is the kind of medical insurance plan that most any senior can sign up for. There are few restrictions as to who is eligible for Plan N. You simply need to be eligible for Medicare to apply. So long as you are 65 or older, or you have a qualifying medical condition, then you can sign up for Plan N.
Plan N may not be compatible with your current coverage plan, so pay attention to any overlapping coverage and be prepared to choose between one plan or the other if you have a healthcare policy from a union or employer or if you have a Medicare Advantage plan.
You will want to sign up with an insurance company, as these Supplement plans are not available through Medicare itself. Use our site to find good rates on Medicare Supplement Plan N 2020. If you have any questions about eligibility or how to find the right plan for you, then please give us a call. Our team would be happy to answer questions and assist you in any way that we can.