Medigap Plan G vs. Plan N: Which Is Best? Insights from a Supplemental Medicare Provider in Schererville, Indiana

Medigap Plan G and Plan N are two popular Medicare Supplement (Medigap) plans that help you cover out-of-pocket expenses that are left out by Original Medicare. They help provide beneficiaries with greater peace of mind during emergencies. But choosing between the two — or for that matter, choosing any Medigap plan — can be downright tricky at times. Both plans offer robust coverage and address different needs and budgets.

To help you find the right coverage for your needs, this supplemental Medicare provider in Schererville, Indiana is going to review some of the key things seniors should know about Medigap Plan G and Plan N.

Plan G: Offers Comprehensive Coverage

Medigap Plan G is most popular among people who wish to secure comprehensive coverage. When you buy your policy from a trusted supplemental Medicare provider in Schererville, Indiana, you can expect coverage for Part A hospital costs (up to 365 days) after you exhaust your Medicare benefits. It also covers Part A deductible and Part A hospice care coinsurance or copayment. Then there’s coverage for Part B coinsurance or copayment, Part B excess charges, blood transfusion (first three pints of blood), foreign travel emergency (for first 60 days), and much more. Plan G might have higher premiums but lower out-of-pocket costs, saving you money and hassle in the long term.

Plan N: Offers Cost-Efficiency

Plan N will be worthwhile if you have a few emergency visits and wish to save on premium costs. The coverage is like Plan G with just a few differences that lead to lower premiums. Plan N covers the same Part A and Part B benefits that Plan G offers, but Plan N doesn’t cover Part B excess charges over the Medicare-approved amount. The cost-sharing structure can be stark in both plans. For instance, Plan N can cost you around $25 less than Plan G, which is a straight $300 saving annually. If you visit your doctor around four times throughout the year with one emergency visit, it could easily go over $100 in out-of-pocket expenses with up to $20 and $50 (if you are not admitted to inpatient care) in copay each time. For personalized assistance and better understanding, do not hesitate to get in touch with an experienced and knowledgeable supplemental Medicare provider in Schererville, Indiana.

Which Plan Should You Choose?

Choosing between Plan G and Plan N will depend on your healthcare needs, budget, and preferences. You can select Medigap Plan G if you wish to have exhaustive coverage. This plan is especially beneficial if you visit doctors frequently who charge beyond the Medicare-approved amount. However, you can opt for Plan N if you’re looking to pay lower premiums or are on a tight budget and okay with some out-of-pocket costs. A major difference between these plans is that Plan N covers copays for specific offices and ER visits, whereas Plan G does not. However, it’s best to make sure you consult with a supplemental Medicare provider in Schererville, Indiana before deciding — making an informed decision is always easier when the experts are by your side.

Looking For a Supplemental Medicare Provider in Schererville, Indiana?

If you are looking for information about Medicare Plan G, Plan N, or any other plan, do not hesitate to reach out to our team at Senior Care Insurance Services. As the leading supplemental Medicare provider in Schererville, Indiana, our agents take the time to get to know your situation before recommending any options. With our commitment to excellent customer service and competitive rates, you can trust us to find the best plan for your needs. Contact us today to get started.