Plan N is one of the 10 Medicare Supplement Insurance plans (also called Medigap) that are available in most states. Medicare Supplement Insurance Plan N offers coverage for all but two standardized benefits.
10 percent of Medicare Supplement Insurance plan beneficiaries are enrolled in Plan N.1
There are nine potential Medicare out-of-pocket costs that can be covered by a Medicare Supplement Insurance plan. Medicare Supplement Insurance Plan N offers coverage for seven of those nine benefits.
Some of the Medicare costs that are covered in full by Medicare Supplement Plan N include:
The seventh and final benefit area covered by Medicare Supplement Insurance Plan N is emergency care that is received outside the U.S. Medicare only covers such care under very limited circumstances, but Medicare Supplement Insurance Plan N covers 80 percent of the costs for qualified emergency medical care abroad.
|Medicare Supplement Benefits||A||B||C1||D||F1||G||K||L||M||N|
|Part A coinsurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B coinsurance or copayment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|Medicare Part B deductible||✓||✓|
|Medicare Part B excess charges||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plans C and F are not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020.
2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,370 in 2021. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high deductible Plan F is not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020.
3. Plan K has an out-of-pocket yearly limit of $6,220 in 2021. Plan L has an out-of-pocket yearly limit of $3,110 in 2021.
4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission.
View an image version of this table.
There are only three Medicare Supplement Insurance plans that offer more benefits than Medigap Plan N.
Plan N only fails to cover two of the nine Medigap benefit areas:
The Medicare Part B deductible is $203 per year in 2021, which works out to just a little more than $16.91 per month. If you can find Medicare Supplement Plan N with premiums that are at least $16.91 cheaper than a plan that covers the Part B deductible, the tradeoff may be worth it for you.
Part B excess charges, which can be as high as 15 percent of the Medicare-approved amount for medical services, are only incurred when you visit a health care provider that does not accept Medicare assignment.
If you avoid health care providers that do not accept Medicare assignment, you may not have to worry about being charged an excess amount.
Medicare Supplement Insurance is sold by private insurance companies, meaning the cost and availability of plans can differ from state to state.
A licensed insurance agent can help you learn about Medicare Supplement Insurance Plan N and other Medigap plans that may be available where you live. Call to speak with a licensed agent today.
Learn more about Medigap plans in your areaVisit MedicareSupplement.com
1 AHIP. State of Medigap Trends in Enrollment and Demographics. (June 2020). Retrieved from www.ahip.org/wp-content/uploads/AHIP_State_of_Medigap-2020.pdf.
2 Hemez, Colin. Blood Transfusion Costs. (Dec. 21, 2016). Yale Global Health Review. Retrieved from yaleglobalhealthreview.com/2016/12/21/blood-transfusion-costs.