Medicare Supplement Plan N is the most popular Medicare supplement plan in use today. Like the other nine standardized Medicare Supplement plans, Plan N also has its own group of standard features, which include the following: Medicare Parts A and B hospital benefits, up to 12 Medicare Advantage Plans, eligible expenses for outpatient care, nursing home care, Medicare Part D prescription drug coverage and a standard benefit package that includes: Medicare prescription drug coverage and Medicare Part C Medicare Advantage Plans. However, as with all plans, there are some specific things to know before signing up for a Medicare Supplement Plan N. In particular, these six topics are critical to understand before enrolling in any plan:
Important: As you near the turning 65-year mark, it’s extremely important to review your entire health care needs regarding medications, hospital care, durable medical equipment, home health care, hospice and continuing Medicare coverage. Medicare Supplement Plan N is not intended to be a replacement for Medicare. It should supplement Medicare coverage so that you may receive the benefits that Medicare may not afford at that time. For example, Medicare might cover the cost of a pet insurance policy, but it might not cover the full cost of an eyeglasses prescription, for instance. As you can see, it’s extremely important to understand your complete current needs regarding medications, hospital care, durable medical equipment, home health care, etc.
Medicare Supplement Plan N is also not intended to act as an “implementary” service to Medicare Parts A and B. This means that while Medicare Supplement Plan N will cover the most common conditions that appear on Medicare eligibility lists, it does not cover all the items that Medicare might cover. This can be particularly important if you are eligible for Medicare Parts A and B, but are not yet covered through Medicare Parts C or D. If you find affordable medicare plans that do not contain Medicare Parts A and B and need those services, then you may need to enroll in Medicare Parts C or D as soon as possible. Otherwise, you may be left without necessary medication or nursing care and will be assessed a higher premium by Medicare. To learn more about enrolling in Medicare and finding affordable medicare plans with a focus on Medicare Supplement Plan N, contact a Medicare specialist today.