Medigap Plan N 101 – Everything You Need to Know

If enrolled in Original Medicare, you may be looking for ways to supplement your coverage. One option is a Medigap plan, designed to help cover the costs that Medicare doesn’t. Medigap Plan N is among the most popular plans, and in this article, we’ll cover what it is, what it covers, and how to enroll.

What Is Medigap Plan N?

It is a type of Medicare Supplement insurance that helps pay for the out-of-pocket costs of Medicare Part A and B. These include copayments, coinsurance, and deductibles. Plan N is one of the more affordable Medigap plans, as it offers lower premiums in exchange for some out-of-pocket costs.

medigap plan N

What Does Medigap Plan N Cover?

It covers various out-of-pocket costs that Medicare Part A and B don’t cover. These include Part A coinsurance and infirmary costs up to 365 days after Medicare aids are used up, Part A hospice care coinsurance or copayment, Part A deductible, Part B coinsurance or copayment, Part B deductible, and Part B excess charges. This plan also offers coverage for emergency medical care while traveling abroad, up to a certain limit.

How Does Medigap Plan N Work?

It works by paying a portion of the costs that Medicare doesn’t cover. For example, if you have a hospital stay and Medicare covers the first 60 days, it would cover the coinsurance for days 61-90. You would still be responsible for any excess charges your provider may charge.

How to Enroll in it

To enroll in this plan, you must enroll in Medicare Part A and B. You can then purchase a Medigap policy from a private insurance company. Keep in mind that not all insurance companies offer all Medigap plans, so you’ll need to do some research to find one that offers Plan N. When ready to enroll, you can contact the insurance company directly or work with a licensed insurance agent. They can help you compare different plans and find the best one for your needs.

In conclusion, Medigap Plan N is a popular option for those looking to supplement their Medicare coverage. It offers a good balance of coverage and affordability and can help you avoid high out-of-pocket costs. If you’re interested in enrolling, be sure to do your research and compare plans to find the best fit for your needs.

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