When choosing a Medicare Supplement (Medigap) plan, many people seek decent coverage while keeping their monthly costs reasonable. For these people, Plan L and Plan N are two of the best plans that strike that balance.

Below, this Medicare Supplement provider in Schererville, Indiana is going to explain how these two plans compare.

Could Plan L be the better option for you?

Plan L gives you a lower monthly premium, but in exchange, you agree to share more of your medical costs. It pays 75% of many out-of-pocket expenses, and you pay the other 25%. But there is a limit to how much you will have to pay.

In 2025, that out-of-pocket limit is $3,610. Once you reach that limit, Plan L will cover 100% of your approved medical costs for the rest of the year. That limit can be a big relief if, say, you are admitted to a hospital or need surgery, because you will know exactly how high your bills can go.

Plan L is usually best for people who are generally healthy and have predictable medical needs. For example, if you only visit your doctor once or twice a year for checkups, or you take a few regular prescriptions but don’t have ongoing major health issues.

If you don’t know if Plan L will be suitable for your situation, talk to your local Medicare Supplement provider in Schererville, Indiana. They can help you estimate what your yearly costs might look like with Plan L compared to other options.

What makes Plan N a good choice for some people?

Instead of sharing a percentage of every bill, you will pay small, fixed copays with Plan N. For example, you might pay up to $20 when you visit your doctor and up to $50 if you go to the emergency room (and that ER fee is waived if you are admitted). After that, the plan covers most of your other approved costs, including coinsurance and hospital care.

Many people like Plan N because it feels more predictable. You know what to expect each time you go in for care. There are no percentages to calculate or bills that catch you off guard.

The one thing Plan N does not cover is Part B excess charges. These are small extra fees some doctors can bill if they don’t accept Medicare’s standard rates. Indiana doctors are allowed to charge them, but many don’t. If your doctor “accepts assignment,” you likely will not see any of those extra costs at all.

Plan N usually costs slightly more per month than Plan L. But in exchange, there is predictable out-of-pocket spending. It can suit you if you see your doctor a few times a year and don’t want to deal with percentage-based cost sharing.

Which plan gives you the best value for your money?

With Plan L, your monthly premium is lower. But you will share more of the costs when you truly seek care. You will continue to pay your share until you reach the yearly out-of-pocket limit. After that, the plan covers the remaining costs.

With Plan N, you pay a little more each month, but your out-of-pocket costs are easier to predict. You only have your small copays for doctor or ER visits, and most other approved services are covered.

If you have a year with lots of doctor visits or tests, Plan L’s spending limit could save you more. But if you only go to the doctor a few times, Plan N’s simple copays could keep your costs easier to manage month-to-month.

Your local Medicare Supplement provider in Schererville, Indiana can show you side-by-side comparisons with real prices from different insurance companies. You will see how each plan affects your total yearly costs, not just your monthly premiums.

Looking for a Medicare Supplement provider in Schererville, Indiana?

If you are looking for a Medicare Supplement provider in Schererville, Indiana that can help you compare Plan L and Plan N, Senior Care Insurance Services is here for you. Our licensed agents will review your coverage needs and help you find the best plan for your specific needs. Contact us today to schedule a free consultation.