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Medigap Plan N - Medicare Supplement


Medigap Plans
Part A Hospital Coinsurance Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
365 Hospital Reserve Days Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Benefit for Blood Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Hospice coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled Nursing Facility No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess No No No No Yes Yes No No No No
Foreign Travel Benefit No No 80% 80% 80% 80% No No 80% 80%
Out-of-pocket limit N/A N/A N/A N/A N/A N/A $4,940 $2,470 N/A N/A
MediGap Plan A MediGap Plan B MediGap Plan C MediGap Plan D MediGap Plan F MediGap Plan G MediGap Plan K MediGap Plan L MediGap Plan M MediGap Plan N

Starting on June 1, 2010, Medicare Supplement Plan N will become available to consumers. The changes are designed to lower out-of-pocket costs for consumers and to provide them with additional benefits not found in their current plans.

Plan N is similar to both Plan D and Plan F. However, instead of not covering part or all of the Part A and B deductibles, this plan utilizes a cost sharing system to keep the premiums low. In exchange for premiums that are estimated to be about 30% lower, a new co-pay structure was created. Co-payments for doctor appointments will be $20 and co-payment for emergency room trips will be $50. If you are then admitted to the hospital, this emergency room co-pay is waived.

Medicare Supplement Plan N has 100 percent coverage for the Part A deductible and also no coverage for the Part B deducible. Supplement Plan N does cover the basic Core Benefits, which include complete coverage for Part A inpatient hospital insurance charges, the total expense for inpatient hospital care after the Medicare Benefit runs out, blood services (initial 3 pints), coinsurance expenses for Part B, Part A hospice palliative medication coinsurance, and the emergency benefits for travelling abroad. All of the 2010 Supplement Plans will include hospice care.

Overall the premium cost of these plans is expected to be around 70% of the cost of Plan F, or about 77% of the cost of Plan D. Plan N may be a better plan for your budget than the Medicare Part C Advantage plans. Plan N may be a good option for you because it offers very low out-of-pocket responsibilities and no network restrictions.

In many states Plan N will have no Medical Underwriting. You will not have to answer any of the medical questions or fill out pharmaceutical information to apply. In a few states there will be limited underwriting for this plan. Our representatives can give you more information on which states will be doing so.

Not all providers offer all of the Medicare Supplement Plans. This could be especially true for the new Plan N. It can also be difficult to determine which plan is right for you. Our trained specialists can help you find the plan that best fits your needs and budget. Most insurance carriers offer a variety of plans, so our specialists can help you shop around for the best price.