Among the Medicare Supplement (Medigap) plans available to those on Original Medicare, Medigap Plan N is predicted to be one of the most popular in 2023. Those who don’t mind paying copayments and prefer lower monthly premiums would benefit most from this plan as it still provides access to any doctor who accepts Medicare patients.
How Does Medicare Supplement Plan N Work?
Medicare Supplement Plan N, also known as Medigap Plan N, is a health insurance policy designed to supplement traditional Medicare. It helps cover certain out-of-pocket costs that Original Medicare, such as copayments and coinsurance for hospitalization, skilled nursing facility care, and certain physician services do not cover. Plan N provides the same basic benefits as other Medigap plans; however, it typically has lower premiums than other plans.
What Does Medicare Supplement Plan N Cover?
Plan N provides coverage for medically necessary services like hospitalization, hospice care, and skilled nursing facility care. It also covers certain preventative services, including certain screenings and vaccinations. In addition, it pays part of the cost of lab tests, x-rays, and blood work.
Plan N covers outpatient surgeries, ambulance rides, and durable medical equipment such as walkers or wheelchairs. It also includes physician office visits.
Here is a brief overview of what Medicare Supplement Part N covers:
- Medicare Part A coinsurance hospital costs up to 365 days after Medicare beneficiaries are used.
- Medicare Part B coinsurance or copayment
- First three pints of blood
- Part A hospice care coinsurance
- Skilled nursing facility care insurance
- Medicare Part A deductible
- Part B preventive care
- Foreign travel emergency (up to 80 percent)
What Are the Copay Amounts With Medigap Plan N?
With Medicare Supplement Plan N, you have lower monthly premiums but must pay a copay when you need medical services. For example, if you visit the emergency room (without being admitted as an inpatient), there is a $50 copay. If you see your primary care physician for a routine appointment, there is also a $20 copay.
How Much Does Medicare Supplement Plan N Cost?
The average monthly premium for Plan N is $110 to $200 per month. Keep in mind rates can vary from state to state.
For example, for a 65-year-old female, nonsmoker Part N monthly premiums average is $216.12 per month in zip code 33311 (Florida).
|Plan type||Premium Range|
|Plan F||$180.00 – $300.00|
|Plan G||$117.00 – $220.00|
|Plan N||$90.00 – $200.00|
When Can I Enroll in Medicare Supplement Plan N Plan?
The best time to sign up for a Medigap plan is during your sixth-month Medigap open enrollment period, which starts on the first day of the month in which you meet both of the following criteria:
- Age 65 or older
- Enrolled in Medicare Part B
We recommend taking advantage of the open enrollment period because insurance carriers can’t reject your application based on your health or pre-existing health conditions.
After that time, insurance companies can use medical underwriting when reviewing your application and factor in your health conditions.
Sometimes you may qualify for a special enrollment period if:
- You retire
- Your insurance company goes out of business
- You move to another zip code
Ready to learn more?
To research Medicare Supplement plans and premiums and to compare Medicare Supplement quotes, use our online form below to talk with an agent. We can also help you understand the difference between Medicare Supplement plan monthly premiums and Medicare Advantage plan limits and differences.
Plan N FAQ:
What Insurance Carriers offer Plan N?
Many companies offer Medicare Supplement Plan N, but not all companies provide the essential high-quality level of service and reliability that you need from an insurance carrier. Below are a few “preferred companies” we recommend you consider when researching your Medicare Supplement insurance options:
We are not sponsored or endorsed by any of these companies. We prefer them because they offer competitive quotes, are well-established companies with a history of reliability, and are top-rated Medicare Supplement companies with a strong track record of rate stability. These preferred companies also continue to take advantage of innovative technology to create a more efficient buying experience for the customer and a much higher level of customer service.
Will My Rates Ever Change?
Insurance carriers conduct annual reviews of the Medigap plans they offer. They can raise Medicare Supplement Plan N rates based on the increased cost of care, inflation, or other economic factors. Therefore, it is essential to have a good relationship with an agent you trust because we can continue to assess your rate from year to year to ensure you still get the best deal.
Ready To Learn More?
We specialize in educating consumers on their options and guiding them through the plan selection process. We work closely with some of the nation’s top-rated carriers. Compare our list of the 10 Best Medigap Insurance Carriers or take a deeper look at the plans by reviewing our Medigap Comparison Chart. Learn more about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.