In NH, the Medicare Supplement Plan N is growing in popularity.
When compared to the Plan F, the Plan N can save savvy NH seniors $50, $60 or even $70 a month on their monthly Medicare Supplement premiums. So there must be a catch... right?
Well yes- and no!
First introduced in 2010, the Plan N is what I like to call the attractive younger sister of the Plan F. It's a great deal for those who want to trade lower premiums in exchange for taking on a small annual Part B deductible and some copays.
In some ways the plan N is MUCH LIKE the Plan F.
- Like the Plan F, The Medigap Plan N does cover the Hospital Deductible (which for 2017 is $1316)
- Like The Plan F the Medicare Plan N covers the hospital copays ($329 or $658)
- Like the Plan F it provides an extra year of hospital benefits AFTER Medicare runs out
- Offers Hospice Care at any certified hospice
- Includes a Foreign Travel Emergency Benefit
How is the NH Medicare Supplemental Plan N different than the Plan F?
- With the plan N you must pay the Part B deductible $183 year (2017)
- Also with the Plan N you pay Up to $20 Copay at the doctor (Primary or Specialist)
- Plan N members are responsible for $50 copay at the ER
- Plan N Does not cover Excess Medicare Charges
NH Medicare Medigap Supplement Insurance Plan N Top 5 Insurers- 2017
AGE 65 Female 2017 NH Best Insurers for Medicare Supplement Plan N
117.56 American Retirement Life Insurance Co.
119.73 Anthem Blue Cross Blue Shield of NH (with EFT- also 5% household discount available)
119.94 Colonial Penn Life Insurance
120.50 Globe Life & Accident Insurance Co.
123.12 Continental Life Insurance Co. of Brentwood TN
Age 65 Male 2017 Top 5 Insurers Lowest Cost Medigap Plan N Premiums
120.50 Globe Life & Accident Insurance Co.
131.75 UnitedHealthcare®
131.90 Anthem Blue Cross Blue Shield of NH (with EFT- also 5% household discount available)
133.15 Colonial Penn Life Insurance
134.20 First Health & Life Insurance Co.
Who might like the NH Medigap Plan N?
If you want to save some money on your premiums (vs. Plan F) and you do not paying some modest out of pocket costs this plan is for you! Plus remember with the Plan N you can see ANY doctor who accepts Medicare (which are most doctors!) We find that relatively healthy seniors- or NH Medicare supplement consumers with infrequent visits to the doctor really enjoy the flexibility and affordability of the Plan N.
For a more in depth comparison of the Plan F and Plan N- Visit our article here.
If you have questions about which Medicare Supplement plan is right for you please give us a call at 1-888-882-2909. Atlantic Insurance & Benefit Co. offers all kinds of insurance to people of all ages in Nashua, Merrimack, Derry, Bedford, Londonderry, Salem, Hollis and Brookline, NH.