Medicare Supplement Plan G vs N

Medicare Supplement Plan G vs Plan N

Medicare Supplement Plan G vs. N – Are you considering purchasing a Medicare Supplement plan? If you are, it’s important that you consider all of your options to ensure you pick the plan best for your healthcare needs. In this article, we are going to review the Medicare Supplement Plan G vs. N

Currently, there are 10 different Medicare Supplement plans sold across most states (excluding Massachusetts, Minnesota, and Wisconsin). Of those plans, Medicare Supplement Plan G and Plan N are two of the more popular plans.

When choosing Medicare Supplement Plan G vs. N, it is important that you understand what each plan covers (and doesn’t cover) to ensure you understand what you are going to have to pay out-of-pocket.

Medicare Gap

Let’s start with Plan G

Plan G covers the following Medicare cost shares

Part A Deductible

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Part B Coinsurance & Copayment

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Blood (first 3 pints)

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Part B Excess Charges

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Skilled Nursing & Hospice Care Coinsurance

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Foreign Travel Emergency

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The one thing that Plan G does NOT cover is the Part B deductible, which is $198 in 2020. That means that you are responsible for the first $198 of any Part B covered services. 

Let’s look at Plan N

Medicare Supplement Plan N is typically a less expensive plan because you have to do more for it. However, it is still fairly popular given that it still offers a good amount of coverage. Plan N offers a good balance between protection against extreme out-of-pocket expenses and affordable premiums.

Plan N covers the following Medicare cost shares

Part A Deductible

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Part B Coinsurance & Copayment

Except $20 for office visits & $50 ER visit
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Blood (first 3 pints)

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Skilled Nursing & Hospice Care Coinsurance

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Foreign Travel Emergency

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What do you need to consider with Plan N?

If you choose Plan N, you will be responsible for all Part B excess charges. This means that, if you see a provider that wants more money then Medicare pays, this doctor can charge up to 15% more than the standard Medicare rate. You will be responsible for paying this out-of-pocket if you have a Plan N.

It is simple to protect yourself against this, all you have to do is ask your provider “DO YOU ACCEPT MEDICARE ASSIGNMENT“? If he or she says yes, you don’t have to worry about it. If he or she says no, find another provider that does. Most providers accept Medicare as full payment.

With Plan N you will also be responsible for a small co-payment when you go to your doctor. That usually around $20. You might also have to pay a small co-payment if you go to the ER, which is usually around $50.

Which Plan Is Best for You?

I usually recommend Plan N to my clients who are pretty health and don’t go to the doctor on the regular to manage some kind of condition.  The average person that I service goes to the doctor 3 maybe 4 times per year. So you are talking about $60 to $80 per year. But you are saving $25 to $75 per month on the premium on the plan. You can see how the math can safe you money.  

If you have a condition that requires you to go to the doctor regularly, I will recommend Plan G for you so you don’t have to constantly pay the office visit.  

I am always here to answer any questions for you personally. You can call me (813) 842-1421 or Book an Appointment online.

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