Here are some of the things that Medicare Supplement Plan N covers:
- Inpatient hospital costs, including your first 3 pints of blood.
- Skilled nursing facility care.
- Hospice care.
- Part B coinsurance and copayments for doctor visits, outpatient care, and durable medical equipment.
- Part A and Part B deductibles.
Medicare Supplement Plan N also covers some preventive care services, such as annual physical exams and immunizations.
Medicare Supplement Plan N does not cover:
- Prescription drugs
- Long-term care
- Dental and vision care
- Hearing aids
- Routine foot care
Medigap Plan N is guaranteed issue, which means that you can buy it even if you have pre-existing conditions. However, premiums for Plan N can be high, especially if you are older.
If you are considering buying a Medigap plan, it is important to compare plans and prices to find the best one for you. You can use the Medicare Plan Finder to compare plans and prices in your area.
Here are some of the things to keep in mind when comparing Medigap plans:
- The monthly premium.
- The coverage limits.
- The deductibles.
- The copayments and coinsurance.
- The out-of-pocket maximum.
- The benefits that are covered.
- The exclusions.
It is also important to remember that you can only have one Medigap plan at a time. If you already have a Medigap plan and you want to switch to a different plan, you may have to wait until the annual open enrollment period.
The annual open enrollment period for Medicare Supplement Plan N is from January 1 to December 31. During this time, you can enroll in a Medigap plan without having to provide proof of good health. If you enroll in a Medigap plan outside of the annual open enrollment period, you may have to provide proof of good health.
Here are some of the benefits of Medicare Supplement Plan N:
- It helps pay for some of the costs that Original Medicare doesn’t cover.
- It is guaranteed issue, which means that you can buy it even if you have pre-existing conditions.
- It covers some preventive care services.
Here are some of the drawbacks of Medicare Supplement Plan N:
- The premiums can be high, especially if you are older.
- It does not cover prescription drugs.
- It does not cover long-term care.
- It does not cover dental and vision care.
- It does not cover hearing aids.
- It does not cover routine foot care.
If you are considering buying a Medigap plan, it is important to weigh the benefits and drawbacks of Medicare Supplement Plan N and other Medigap plans before making a decision.
For help in the decision-making process contact Ashford Insurance at 817-952-3153.
Photo by Andrea Piacquadio
