Medicare Supplement Plan N
The Medicare Supplement Plan N is already becoming one of the most popular Supplemental plans ever designed and it hasn't even been introduced yet. It will become available June 1, 2010.
One of the reasons why this plan is so popular is because many people see it as a very sensible insurance plan.
Some have called this plan a "hybrid" plan, because in some ways, it looks like a Medicare Advantage plan and in reality, it is still a Medicare Supplement.
The part that some have compared to the Advantage Plans is that if you have this plan, you will pay a small co-pay (normally $20) when you see your physician, and $50 for the emergency room.
But other than paying your co-pays, your Part B deductible ($155 per year in 2010) and Part B excess charges, the Plan N looks very much like a Supplemental Plan F.
The biggest difference will be in the price. The Plan N is expected to be about 30% lower premiums than the Plan F.
To read more about why many people like this plan, read the Plan N Benefits.
Some Frequently Asked Questions About Medicare Plan N
Q. What is a Medicare Supplement Plan N?
A. A Medicare N Plan works with (or along side of) Original Medicare to fill in the gaps that Medicare does not pay. This is why it is often called "Medigap Plan N".
Q. Which Medicare Plan N plans do you offer?
A. Medicare Supplement Plan N plans are different from state to state. Call us and we can compare plans in your area to find out which one is the right fit for you.
Q. Is an Insurance Medigap Plan N the same as Medicare Advantage?
A. Not at all. A Medicare Advantage plan works "instead Medicare." When you get one of these plans, you don't lose Medicare, but the plan provides your medical coverage in the place of Medicare.
Q. With a Medigap Plan N, do I have to stay in a network?
A. No. With a Med Sup Plan N, you can go see any doctor, hospital or health care provider that will accept Medicare.
Q. Will premiums for a Medicare N Plan increase?
A. The cost for all Medicare Plan N Supplements do increase, but generally, increases are gradual.
Q. How do I know if I need a Medicare N Plan?
A. If you currently have Original Medicare and no other insurance, you may need supplemental coverage as Medicare does not pay for all medical costs and those costs can add up quickly.
Q. Which Medicare Supplement Plan N companies do you have?
A. We have a variety of Plan N companies in the state where you live, including Mutual of Omaha Medicare Supplement Plan N, Sentinal Security Plan N, Gerber Plan N, as well as others. All of the companies we represent have solid financial ratings and excellent customer service.
Q. Why can I not just buy a Plan N online?
A. Most Medigap Plan N companies do not allow their rates to be published on the internet. The reason for this is that rates change so often. Call us right now and let us compare Medicare Supplement Plan N rates for you. Our service is completely free to you and we will never, ever pressure you to buy anything. The most important thing to remember is that we will NEVER sell or rent your information to anyone. With many online quote sites, you fill out a form and they sell your info to a lot of agents who bombard you with calls. With our company, your information is always kept 100% private.
When you request a Plan N quote from us, we do allow you to use our Medicare Plan N quote engine to compare rates. Although not all companies are included, this will give you a basic idea of what companies and rates are available in your area.
Q. Which company offers the best Plan N coverage?
A. As mentioned before, every Plan N in your state is exactly the same. The only difference is the premium.
Q. To get a Medigap Plan N, will I have to answer medical questions
A. It really depends. If you are just now getting Medicare (i.e., you are turning 65) you may qualify for a "guaranteed issue" period. There are also other circumstances that may allow a guaranteed issue, but they are different for different companies and different states. It is important that you call right away as you do not want to miss your window if you are in a guaranteed issue period.
If you don't qualify for a "guaranteed issue," there are a number of excellent companies that ask very few medical questions, so it is possible to get Supplemental coverage even if you have pre-existing health problems.
Q. Does A Supplemental Plan N pay for prescriptions drugs?
A. Prescription drug coverage is completely separate and is covered by Part D of Medicare. When you call, ask us about getting a Part D Plan.
Note: There are some Medicare Advantage plans that do combine medical care and a Prescription Drug Plan. If you are interested in Medicare Advantage plans, you can ask us about them when you call.
Q. Can I purchase a Medicare Plan N if I have a disability?
A. It really depends on the state you live in. Some states allow for you to buy a Supplemental Plan if you are disabled, and some states do not. For example, if you are disabled and live in Texas (and you newly qualify for Medicare), you are only guaranteed the issue of a Medicare Supplement Plan A. In Colorado however, you may qualify to purchase any Medicare Supplement Plan (Including Plan N).
Q. What does a Plan N cost?
A. The cost of a Plan N depends on the company you choose, the state where you live, your age and possibly your health.
Q. Will the premiums be less if I call a company directly??
A. Not at all. The benefit of working with a reputable brokerage is that we can compare Medicare Supplement rates in your state and assist you in finding the lowest rates possible. In addition, we do an annual review to make sure that you are always getting the best Medicare Supplement coverage at the lowest cost.
Q. How can I get a Plan N quote now?
A. For Plan N quotes, fill out the form above and one of our trusted advisers will contact you within one business day, or call now to 1-877-763-3442.
Click the link to get a Plan N Quote, or click the banner below.
