Medicare Plan N is the most popular supplemental insurance coverage for seniors that provides coverage for expenses not covered by Medicare. This plan has been around for a long time and helps provide senior citizens with an “across the board” type of coverage.
Popular Medicare Plan N
To qualify for Medicare Plan N, you must be at least 55 years of age, unless you qualify for Medicare Part B, which covers hospital costs only.
Medicare Plan N covers items such as doctor visits, medicines, and certain dental care. The costs of these services are standardized and are based on the “average” price for each service in your area.
Most plans also cover preventive services such as regular screenings for common diseases Medicare Supplement Plan N. These services may be ordered by a doctor or facility, at the discretion of the customer. The plan then pays the provider for these services, which are then passed on to the patient.
Medicare Plan N may be a good choice for those who are healthy, do not smoke, and are not experiencing chronic medical conditions. It does not cover vision care. There are some restrictions on Plan N as well. It does not cover emergency services such as ambulance rides, hospital stays, or specialized health care.
It also does not cover disability or accident benefits. Medicare Plan N is intended for “indeterminate” coverage and does not pay the balance of your Medicare bill if you quit paying it or become ineligible for Medicare.
There are many different policies available to choose from and the prices can vary considerably. It is important that you do some comparisons before deciding which policy is right for you. The three basic options are “pay as you go”, “Medigap” and “reimbursement”.
Each one varies in coverage and cost and will be affected by the health history of the applicant. Some policies will also have restrictions such as not paying over the limit or requiring prior approval before accessing the benefits.
A new option called the “second chance” plans were recently introduced. They are similar to Medicare Parts A and B, but only cover a portion of the original Medicare cost. For that reason, it is important to remember that Medicare Plan N may not be the best choice. Researching all options thoroughly is recommended.
Medicare Plan N is not a plan for senior citizens. It is intended for those 55 years and older. There are various programs available to senior citizens. Contact the Medicare office for more information.