Out of all the high coverage supplement plans that Medicare has created, Medigap Plan N for 2018 is the least expensive. It also comes with the lowest amount of coverage, but is still considered a high-coverage plan. If you would like lots of coverage for your medical expenses but you don’t have a huge budget to work with, then Plan N may be your best choice.
The Coverage It Provides
In order to decide if Plan N is right for you, you first need to know what it offers. Each of the 10 Medigap plans is different, and knowing those differences will help you determine which one, if any, is right for you.
Plan N covers you for all sorts of stuff. It provides coverage for the copayments from Medicare parts A and B. That’s not quite full coverage for both of those, though. You will still have to pay the occasional small deductible ($20 or $50, depending on the type of visit) for a hospital or office visit.
It also covers you for the Medicare Part A deductible and the coinsurance for nursing care. These can be common expenses for many people, so if you must pay them every so often, it will help to have them covered.
Further coverage includes the foreign travel exchange which is covered up to 80%, but you will still need to pay the deductible for this one. You can also be covered for some pints of blood and for hospital expenses (up to 365 days) with this plan.
There are a few expenses that are considered supplemental that Plan N won’t cover you for, and they are worth pointing out, since other plans do cover them. They are the already mentioned copayments, the Part B deductible (which is only $183) and the Part B excess charges. All the other supplemental costs are covered.
If you feel you need more coverage than what Plan N offers, you do have other higher coverage choices.