Medicare Supplement Plan N vs Plan G

2017/08/08 に公開
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https://medigapseminars.org/ | Call Us at 800-847-9680
IMPORTANT UPDATE ON PLAN N - MARCH 2020 https://youtu.be/RD_a0QSV5OY
Medicare Supplement Plan N vs Plan G 2020 (& Plan D)
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See my most recent UPDATE on Medigap Plan N (03/23/2020) here: https://youtu.be/RD_a0QSV5OY
Also See the #1 Medicare video; Medicare Explained https://youtu.be/t5OEsLXGiC4

Medicare Supplement Plan N vs Plan G 2020 (& Plan D). In this video, I review Medicare Supplement Plan N and compare the benefits and cost to Medicare Supplement Plan G and Plan D. I will compare Medicare supplement Plan N (aka Medigap Plan N) to Medigap Plan G and reveal how you can go about making a decision about which plan is best for you.
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Medicare supplement Plan N can be a better value than Medicare supplement Plan G. This is especially true in states that have specific laws reducing the value of Plan G. In addition, some insurance companies are preparing for Medicare Supplement Plan D to be one of the top selling plans in Medicare. To be clear, I am referring to the Medicare Supplement Plan D and NOT Medicare Part D prescription drugs. Medicare supplement Plan D is a direct competitor to Medicare supplement Plan N.
With Medigap Plan N we see that it covers 100% “Medicare Part A coinsurance and hospital costs (up to an additional 365 days after Medicare benefits are used up.). Notice that all the supplements have this coverage. Also, notice down here that Medicare Supplement Plan N pays the Medicare Part A deductible.
In 2017 that deductible is $1,380 per event. It will change every year, but with a Medigap Plan N that doesn’t matter. Your supplement will pay it.
Without a supplement you pay the deductible up front, then have 60-days of hospital coverage before you start paying a copay. With Medicare supplement Plan N you can be an inpatient in the hospital for more than 365 days with 100% coverage. You will have no out of pocket costs for Part A.
The asterisks indicate that you have the Medicare supplement Plan N copay. You will be required to pay up to a $20 co-pay for every doctor visit and a $50 copay for every emergency room visit unless you end up an inpatient in the hospital. Then the $50 copay is waived. The important qualifying words here are “up to”…$20. Here is what you can expect.
It’s also critical that you understand Medicare Part B excess charges.

If a doctor or hospital does not accept Medicare assigned rates, they are paid 5% less from Medicare, but allowed to charge you 15% more. The amount the doctor or hospital charges you that is more than what Medicare pays the doctor for that service is called an excess charge.
Excess charges are only allowed on Medicare Part B services. Those are outpatient and physician services.

There are also some states that either forbid or severely restrict Medicare Part B excess charges. These state laws are called Medicare Override Measure or MOM laws.
If you live in either Connecticut, Massachusetts, Minnesota, New York, Pennsylvania, Ohio, Rhode Island or Vermont your state either forbids or limits Medicare Part B excess charges.

Where to enroll in Medicare online: https://www.ssa.gov/benefits/medicare/
Once enrolled get your My Medicare Account to manage your Medicare and your doctor: https://www.mymedicare.gov/
Use this link to shop for Medicare Part D: https://www.medicare.gov/find-a-plan/questions/home.aspx
This Medicare Guide is often referred to as a Medicare supplement buyers guide:
https://www.medicare.gov/pubs/pdf/10050-Medicare-and-You.pdf


New To Medicare https://www.youtube.com/playlist?list=PL2KZrVNBipJgVaEFBaObZ_84qr7Nm6WUM
Subscribe: https://www.youtube.com/c/medigapseminarsorg
Medicare Explained https://youtu.be/t5OEsLXGiC4
How to Sign Up for Medicare https://youtu.be/wegBnIZd_Tk
Do You Need An Insurance Agent for Medicare https://youtu.be/IzUM66a3Um8
Medicare Supplement Plan G https://youtu.be/mn-XtksgiI8
Medicare Supplement Plan F-HD https://youtu.be/W65Zse-Cdbs
Medicare New York & Connecticut https://youtu.be/74K4cZIJpb8

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