Medicare Supplement (Medigap) Plan N is one of the more popular Medicare Supplement plans. Although Plan F and Plan G are the most popular options, Plan N is 3rd place in popularity for the plans that offer the most coverage. As you may know, Plan F covers the most and has the most expensive monthly premiums out of these three plans. Plan G has less expensive premiums but does not cover the Part B deductible. Plan N is usually the least expensive of the three, but it does not cover the Part B deductible or co-payments for doctors and emergency room visits. Also called Medigap Plan N, this option was created for consumers who like the idea of paying a lower premium in exchange for taking on a small annual deductible and some co-pays.
This plan was introduced in June 2010. Compared to the rest of the plans, it is a relatively new Medicare Supplement plan. It was popular almost immediately because it has low monthly premiums while still offering quite a bit of coverage.
All Medigap Plan N policies are the same, no matter which insurance company you choose. You can find Plan N available in many states from various well-know insurance companies.
What Does Medigap Plan N Cover?
This standardized Medicare supplement will cover the 20% that Medicare Part B doesn’t. It also pays for your hospital deductible and all your hospital co-pays and coinsurance. You will pay your own excess charges, Part B deductible and some small co-pays at the doctor’s office and the emergency room.
Here’s a visual picture that demonstrates what Medicare Supplement Plan N covers, and what is left for you to cover: