
What Are Medicare Excess Charges?
Medicare excess charges are one of those complicated Medicare topics which tends to raise questions for potential Medicare Supplement plan enrollees. Read on to find out what you
In need of personalized Medicare advice? Get free guidance today.
In need of personalized Medicare advice? Get free guidance today.
In need of personalized Medicare advice? Get free guidance today.
In need of personalized Medicare advice? Get free guidance today.
In need of personalized Medicare advice? Get free guidance today.
Medicare excess charges are one of those complicated Medicare topics which tends to raise questions for potential Medicare Supplement plan enrollees. Read on to find out what you
In need of personalized Medicare advice? Get free guidance today.
In need of personalized Medicare advice? Get free guidance today.
Plan N is a relatively popular Medigap policy among Medicare beneficiaries: one in ten of all Medigap enrollees had Plan N 2019, and the number of people choosing Plan N is growing every year. It’s a great way to get ample coverage while still paying a relatively low monthly premium.
If you choose Medigap Plan N, your coverage will include:
However, Plan N doesn’t cover your Part B deductible or Part B excess charges.*
Additionally, with Plan N, you will be responsible for paying a copay when you visit the doctor (up to $20 per visit) and the emergency room ($50 per visit).
As with other plans, the monthly premium that you end up paying for Plan N cand depend on a number of factors, such as your age, where you live, and when you enroll in your Medigap policy.
*Excess charges are incurred when a medical provider doesn’t “accept assignment” or, in other words, charges more than the Medicare-approved amount that corresponds to their services.
One very important thing to consider when deciding whether or not Plan N is a good fit for you is the plan’s copay policy.
Plan N covers your Part B coinsurance, but you will still be required to pay up to a $20 copay for certain doctor’s visits and a $50 copay for emergency room visits (as long as they don’t result in inpatient admission). However, trips to urgent care don’t require a copay. Know that these copays can be avoided with a Plan G.
Medigap Plan N is a great option for many Medicare beneficiaries, which is one of the reasons that it is so popular. However, it is always in your best interest to consult with a knowledgeable insurance agent before deciding on a Medigap plan.
If you would like Medigap advice, don’t hesitate to reach out to a team member here at Medicare Plans Direct today.
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