The Truth About Medicare Supplement Plan N- Call us at iHealthBrokers at 888-410-0344. Our services are 100% FREE!

★☆★ABOUT THIS VIDEO★☆★
0:00 Intro
0:50 Medigap Basics
1:45 Medicare Costs
4:15 Plan N
5:35 Plan N Costs
8:14 Part B Excess Charges
9:05 Final Thoughts

There are many decisions to make with Medicare. Even if you’ve decided to supplement your coverage with a Medigap plans there are ten plans to choose from. One plan that has been growing in popularity is Plan N.

Medicare supplement plans work in conjunction with Original medicare. They fill in the financial gaps of original medicare but do not offer additional benefits such as dental, vision, hearing or prescription drug. They will however, help to cover your deductibles and copays/coinsurance.
Original medicare is Part A, your hospital insurance and Part B, your outpatient insurance. Together they will cover most of your medical needs. But there are deductibles and copays/coinsurance which can squeeze people financially.


Plan N will cover everything except your Part B deductible. The only difference between Plan N & Plan G are Part B excess charges.

But what does it cost? Basically you’ll pay an addtional monthly premium to cover these financial gaps. It will give you a better idea and better control over your yearly healthcare spending. Your premium is determined by your age and location and of course whether you have to undergo medical underwriting.
Remember, although you can enroll in a Medigap plan year round you are best served to enroll when you are first eligible. In the six months after you turn 65 and enroll in medicare part B you will not be subject to medical underwriting. After that you may be subject to medical underwriting which means you could be charged more or denied outright.

Now Plan N is most similar to Plan G. The main difference is the Part B excess charges. Basically if a doctor accepts Medicare, they accept the amount medicare is willing ot pay out. But they can choose to charge up to 15% more. If your plan does not cover Part B excess charges (which Plan N does not) the you would be responsible for that amount.
Now to be fully transparent, Part B excess charges are not all that common and they are not even allowed in all states. Still, if you want to ensure you do not have any surprises, you could opt for Plan G. We recommend that you work with a broker to determine whether Plan G or Plan N is right for you.


If you have any further questions, please feel free to contact us here at iHealthBrokers at 888-410-0344 or https://ihealthbrokers.com/


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