Medigap Plan N: The Strategic Choice for Lower Premiums

If you are looking for a Medicare Supplement plan that balances robust coverage with affordable monthly costs, Medigap Plan N is often the most cost-effective solution.

How Plan N Saves You Money

The primary reason beneficiaries choose Plan N over the "full coverage" Plan G is the premium savings. On average, Plan N premiums can be 20% to 30% lower than Plan G. For many healthy seniors, the annual savings on premiums far outweigh the occasional $20 copay.

Understanding the Copayments

Plan N involves a unique cost-sharing structure that keeps monthly rates stable:

• Doctor Visits: You pay a copay of up to $20 (only after the annual Part B deductible is met).
• Emergency Room: You pay a copay of up to $50. However, if you are admitted to the hospital, this copay is waived.

Plan N vs. Plan G: The Key Differences

What About Part B Excess Charges?

One common concern with Plan N is that it doesn't cover "Excess Charges." An excess charge occurs if a doctor charges more than the Medicare-approved amount. However, over 95% of doctors nationwide accept Medicare "assignment," meaning they agree to Medicare’s rates. If your doctors accept assignment, you will never encounter an excess charge.

Who Should Choose Plan N?

Plan N is an ideal fit if you:

• Want to save money on monthly premiums.
• Do not visit the doctor more than once a month.
• Live in a state where Part B Excess Charges are prohibited (such as CT, MA, MN, NY, OH, PA, RI, or VT).
• Want a Medigap plan that historically sees smaller annual rate increases than Plan G or Plan F.