Medicare Supplement Plan G vs. Plan N

Medicare Supplements Plan G and Plan N are the most popular Medicare Supplement plans. Both provide coverage for certain Medicare-covered expenses that Original Medicare does not cover, such as copayments, coinsurance, and deductibles. However, each plan has specific benefits and costs associated with it.

  • Plan N is a lower-cost option covering out-of-pocket expenses like copayments, coinsurance, and preventive care. However, it does not cover Part B excess charges or deductibles. It also has a $20 copay for some office visits and a $50 copay for emergency room visits.
  • Plan G is a comprehensive option covering all out-of-pocket expenses that Plan N covers. In addition, it also covers Part B excess charges and eliminates copays for office visits and the ER.

What is Medicare Plan G?

Medicare Plan G is the most popular Medigap plan and is a supplementary insurance policy that fills the gaps left by Medicare Part A and Part B. It covers expenses like coinsurance, copayments, and deductibles.

Plan G provides comprehensive coverage encompassing hospice care, hospital stays, and skilled nursing care. By opting for Medigap Plan G, individuals can ensure they have complete protection against various healthcare expenses not covered by Medicare.

What is Medicare Plan N?

Medicare Plan N is another supplemental insurance policy under Medicare, offering a comprehensive range of coverage options. While it doesn’t fill in every gap that Original Medicare leaves, it covers hospitalization charges and other treatments like outpatient care, doctor visits, and even emergency service costs.

While a small copay is required for most office visits, Plan N offers low premiums for most seniors, making it a popular option.

What Are the Coverage Differences Between Medicare Plan G and Plan N?

Here are the main coverage differences between Medicare Plan G and Plan N:

  • Part B Excess Charges: Plan G covers Part B excess charges that some doctors outside the Medicare system may charge. Plan N does not cover these charges.
  • Copayments: With Plan N, there may be a copayment of up to $20 for some office visits and up to $50 for emergency room visits. Plan G does not impose these copays.
  • Premiums: The premiums for Plan G are generally higher than those for Plan N, reflecting its broader coverage.

Which Medicare Plan Is the Best Option?

Choosing the right Medigap plan depends on your specific needs and preferences.

Medicare Plan G offers more predictable out-of-pocket costs for medical expenses, although the monthly premiums are higher.

On the other hand, Medigap Plan N provides a more budget-friendly option with lower premiums, but there may be more out-of-pocket expenses for medical care.

It’s crucial to carefully review the details of each plan, comparing features, copayments, coinsurance, and premiums about your health requirements. Additionally, consulting insurance agents or financial planners can provide valuable guidance to help you make an informed decision.

Bottom Line

Overall, your well-being, particularly in your golden years, is vital. Therefore, selecting the right Medicare plan becomes crucial. Plan G and Plan N are excellent options for seniors, but choosing between the two depends on your personal preferences and Medicare coverage requirements.

Before deciding, evaluate both plans and take advice from qualified professionals thoroughly. Choosing the right policy can save you a lot of money and time and, more importantly, help you stay in better health.

Sources: Medicare.goveHealthHelpAdvisor


Mark Prip

Since 2003, Mark Prip has been leading  Policy Guide, Inc., providing knowledgeable information about Medicare, life insurance, and dental coverage to clients in over forty states. With his unparalleled hands-on experience aiding countless Medicare beneficiaries in selecting an appropriate health plan, he is a prime example amongst other competitors for expertise and assistance. Mark has held his Florida Health & Life Insurance License (E051889) since 2003. View his license profile on the Florida Department of Insurance website.