The cheapest of the high coverage plans is Medicare Supplement Plan N for 2018. This plan comes with tons of coverage, but it leaves off coverage for some of the less essential, cheaper or less common items, making it a robust plan without the excess of some of the other higher coverage plans.
So, if you are looking for lots of coverage, but you don’t want to pay for anything you probably don’t need, then Plan N may be right for you. You will have to examine the plan to see how it lines up to your healthcare coverage needs, but for many people who have some relatively serious healthcare needs, this is an ideal plan.
Plan N can be priced very differently depending on where you buy it from. Your geographic location can mean that the cost of living is higher or lower than average, and that can alter the price of the plan. The insurance company you choose to buy the plan from can set their own rates on the premiums as well, so their price may be different from another company that sells the same plan in the same town.
So, if you move to a new area or you pick one insurance company over another, you will pay a different price than if you made another choice. It’s up to you to pay as little as possible for the plan you want. If you choose to go with Plan N, then you need to get as many quotes as you can for that plan to ensure that you aren’t paying more than you must for it.
Plan N takes care of most of the larger and more common supplemental medical expenses. At the same time, it won’t bother covering the lesser expenses, saving those for more expensive plans to take care of.
Let’s examine what this plan covers, so you can get a good idea as to whether it is right for you or not.
Plan N will cover you for the Medicare Part A co-payment, coinsurance and hospital expenses (for up to 365 days beyond the coverage provided by Medicare’s standard plan). These are major expenses that everyone would have to pay when visiting the hospital.
It also covers nursing care coinsurance and three pints of blood beyond the coverage the standard medical plan provides. Once again, these are going to be common expenses for many people who are old enough to qualify for Medicare.
Further coverage includes the Part B coinsurance, foreign travel exchange coverage (up to 80%), and the Part A deductible. It is worth noting that while Part B coinsurance is fully covered under this plan, you will have to pay some small copayments for emergency room visits and visits to the doctor’s office ($50 and $20, respectively).
Now that we have seen what Medicare Supplement Plan N 2018 does cover, let’s look at what it won’t cover.
We mentioned those small copayments for the Part B coinsurance that you will have to pay out of pocket. In addition, you would have to cover the Part B excess charges (which are rare) and the Part B deductible (which costs $183). Everything else that’s categorized as a supplemental expense is covered by this plan, making it robust and a good choice for people with lots of medical coverage needs.
You want to compare Plan N to some of the other plans before you purchase it. While you may not think you need to be covered for what it doesn’t cover you for, it might also be nice to have that coverage. It’s recommended that you contrast it with Plan G and Plan F. These offer a bit more coverage, and if you look at their premiums, you may not see a lot of difference.
Plan G covers a bit more than Plan N, and Plan F covers even more, offering full coverage on all supplemental expenses. That coverage may come in handy for you, but you do need to ensure that you can afford it. So, take some time to compare the premiums on these plans and see how affordable they all are. You may benefit from the extra coverage offered by Plan G or Plan F.
There are other lower coverage plans as well, ones that offer less coverage and lower premiums than Plan N. There are several these, so it may take some time to look through them all and even more to compare their average cost. It’s worth comparing Plan N to a few of them, though, just to be sure you have chosen the right plan.
By choosing the best possible plan for you, the one that suits your situation best, you can save money each month. That’s going to add up by the end of the year and lead to some incredible savings over the next few years.
It’s important to keep comparing plans even after you have signed up for one. You may find that there is a better plan for you at some point in your life, and you want to ensure you always have the most suitable plan for your needs at any given moment.
Where to Get Plan N
Plan N is available at several different insurance companies. These companies must abide by Medicare’s coverage rules, but they can decide for themselves what the cost of the plan should be. They can also choose whether to carry Plan N or not. Only a few plans are required to be carried, so you may not find Plan N at every insurance company you look at.
If you are determined to sign up for Medicare Supplement Plan N for 2018, and you have figured out that his is the best plan for you, then you should keep looking until you find a provider who is selling the plan and who is selling it at a decent price.
Compare Medicare Supplement Plans 2018
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