Discover why Plan N is a smart alternative for those looking to lower monthly premiums without sacrificing strong protection.
Sabrinah Cave is a licensed health and life insurance agent. With nearly 10 years of hands-on experience and a passion for education, she helps others navigate the complexities of Medicare coverage.
Choosing a Medicare Supplement plan—also known as a Medigap plan—is about balancing predictable coverage with affordable monthly premiums. While Plan G is a popular choice because of its straightforward benefits, Plan N can be a smart alternative for lowering costs without sacrificing strong protection.
Both Plan G and Plan N offer protection against many of Medicare's out-of-pocket costs, but they differ in a few important ways that may affect your long-term value.
| BENEFITS COVERED | PLAN G | PLAN N |
|---|---|---|
| Part A Hospital Costs & Coinsurance | ✓ | ✓ |
| Part A Deductible | ✓ | ✓ |
| Skilled Nursing Facility Coinsurance | ✓ | ✓ |
| Part B Annual Deductible | — | — |
| Part B Coinsurance & Copays | ✓ | ✓* |
| Part B Excess Charges | ✓ | — |
| Foreign Travel Emergency | 80% | 80% |
| Part A Hospice Care | ✓ | ✓ |
| Blood Benefit (First 3 Pints) | ✓ | ✓ |
* Plan N pays 100% of the costs of Part B services, except for copayments up to $20 for some office visits and $50 for emergency room visits that do not result in inpatient hospital admission.
For many beneficiaries, those tradeoffs may be worth the lower premium Plan N offers
For those who don't visit the doctor frequently, the savings in monthly premiums with Plan N may more than offset the occasional copays.
Avg. Annual Savings with Plan N
A quick review could reveal meaningful savings—without giving up the coverage you rely on.
Speak with an expert to find a plan that fits both your health and your budget.