The Medicare Supplement Plans vary in the expenses that they cover, as well as their premium costs. One plan that makes many wonder if it´s the right one, is plan N. In 2018, plan N has been considered to be the least expensive one. Why not pay less for health care if it covers all your necessary expenses? Depending on your personal needs, this less expensive plan might be more than enough for you!
What does the Medicare Supplement Plan N cover?
Plan N is known to cover for several expenses, that the original Medicare parts A and B don´t. For one, it covers the copayment you would need to take care of. Although it doesn´t cover copayments to their fullest amount, the additional expense you might need to pay out of your own pocket is limited to 20$ or 50$ for a visit at the hospital or a doctor´s visit. People who don´t need to visit the emergency room that often throughout the year or who don´t already have a serious condition that requires a doctor’s visit, will find to profit a lot out of this one.
If you already know that you have been paying a lot for the Medicare Part A deductibles and coinsurance for nursing care, supplementing your health care plan with plan N will turn out to be a good decision. This plan covers both: 100% of the Medicare Part A deductibles as well as nursing care.
One big advantage that this plan has, although it is less expensive, is that it will cover for your health care expenses when you´re outside of the United States. It doesn´t cover these expenses to the fullest, however a great amount of up to 80%.
Hospital expenses that aren´t covered by part A or part B Medicare are also covered by plan N for a maximum of up to 365 days. This is very attractive to those who usually don´t get sick a lot, but still want to make sure that if something happens and they need to be hospitalized for a longer period of time, the costs that may come up will be covered.
What isn´t covered by Medicare supplement plan N?
After finding out about all the benefits of this plan, it is smart to know what you´re missing out on when choosing this plan over others.
While there are plans out there that cover all expenses, plan N won´t cover deductibles of the Medicare Part B and Part B excess charges. While Part B excess charges are difficult to tell beforehand, the part B deductible will remain the same in all cases and adds up to 183$ per year.
After knowing what this plan covers and what it doesn´t, you might come to find out that it´s just the right thing for you. It makes more sense to pay the least expensive premium rate, if you know that regular visits at the emergency room or doctor´s visits aren´t something you might need as often throughout the year.