What is Medigap Plan N?

Since its introduction in 2010, Medigap Plan N has been a popular option for beneficiaries looking to pay a lower premium in exchange for a small annual deductible and some copays. As a supplemental policy, Plan N helps cover the 20% that Medicare Part B does not. There are also parts of the coverage that will help pay your hospital deductible and all hospital copays and coinsurances. In turn, you will still be responsible for paying excess charges, the Medicare Part B deductible, and small copays at the emergency room or doctor’s office.

Typically, Original Medicare covers standard preventive care such as cancer, cardiovascular, and diabetes screenings at doctor’s offices. It will also help with the cost of annual physicals, vaccines, colonoscopies, and other tests. Where Medicare Supplement Plan N comes into play is when you need to see the doctor for anything that isn’t routinely covered. This could include injuries or illnesses, to get medical equipment, surgeries, ambulance rides, lab work or imaging tests, and much more. Medigap Plan N will also cover the deductible for hospital stays or inpatient hospital services like blood transfusions that are needed.

With Medigap Plan N, you will be responsible for paying a few more costs than some of the other Medicare Supplement Plans. You will be responsible for paying excess charges to some medical providers. You will also need to pay the small annual Medicare Part B deductible, copayments for doctor appointments, and copays for emergency room visits.