Medicare Supplement Plan N
Fortunately, there are many more Medicare-eligible seniors today who are healthy and active and who rarely see a physician except for checkups. A great many of these people don’t even take prescription medications on a regular basis. These are the folks who keep asking themselves the above question, especially when they get yet another sizable rate increase from their Medicare Supplement policies.
If the above paragraph describes you, the new Medicare Supplement Plan N, available for the first time June 1, 2010, may just be the answer you’ve been seeking.
The new Medicare Supplement Plan N has the identical coverage as a Plan F for the more expensive Medicare Part A hospital stays. The differences in benefits are all related to Medicare Part B medical expenses. Unlike the Plan F, you would be responsible for the Medicare Part B annual deductible each year. You would also pay a $20.00 co-pay for each office visit or a $50.00 co-pay for each emergency room trip, amounts you don’t have to pay with a Plan F. The final difference in benefits is that, unlike a Plan F, a Plan N does not cover Excess Benefits.
The difference in premium, however, can be substantial in every ZIP code, at every age, male or female, tobacco-user or nonsmoker.