Benefits of Medicare Supplement Plan N

A Medicare Supplement, also known as Medigap, is a private insurance policy that helps people pay for some of the costs beyond the scope of Original Medicare. There are many Medicare Supplement plans available, but the new Medicare Supplement Plan N is becoming a more and more popular choice for many people. Here are some of the benefits of the new plan.

Medicare Supplement Plan N is similar to Plan D. It reduces out-of-pocket costs related to Medicare Parts A and B. Although it does not cover Medicare Part B deductible and excess charges, it lowers premiums via cost-sharing.

The cost sharing feature of Medicare Supplement Plan N works using the scheme of $20 co-pay for visits to the doctor and $50 co-pay for emergency room visits. The $50 co-payment for emergency room visits is waived in case the insured is admitted to the hospital. Many people can benefit from this cost sharing feature since it allows them to get a Medicare Supplement plan with a lower premium than conventional plans.

Although Medicare Supplement Plan N has premiums that are approximately 30% lower than those of Plans D and F, it still provides a comprehensive coverage. It gives 100% coverage for the Part A deductible. It also covers the basic Medicare Core Benefits.

Some of the basic Core Benefits included in the Medicare Supplement Plan N are complete coverage of charges for Part A inpatient hospital insurance, initial 3 pints of blood services, total expense for inpatient hospital care as soon as the Medicare Benefit expires, Part B coinsurance costs, and coinsurance for Part A hospice palliative medication. Hospital stays, laboratory fees, physical therapy, chemotherapy, and other radiation treatment are also covered. What is good about this plan is that it also includes emergency travel benefits.

Medicare Supplement Plan N can be the right plan for people who want to fill the gaps of their current Medicare coverage. It is a more affordable private insurance that can serve as a good health investment. It is beneficial for people who are interested in getting this plan to have an in-depth discussion with a trusted health insurance policy expert so they may determine if it is the right plan for their Medicare needs.