If you have Medicare now or are on Medicare now and need some information on how to switch to Medicare supplement plan n, you’ve come to the right place. Although Medicare does not offer a booklet that tells you what your current Medicare supplement plan is, it does offer a phone number to call. You can call that number to find out what type of Medicare supplement plan you are currently on and to find out how to switch to a plan that offers you better coverage at a better price. Most Medicare supplement plans offer different levels of coverage, so it’s important to find out exactly what you are currently paying for. Once you know what you are currently paying for, you can start to look around for other Medicare supplement plans to see if there is any better coverage available.
Medicare Supplement Plan N: What it is and How it Works
Medicare Supplement Plan N pays a portion of your inpatient hospital costs and pays part of your out of pocket expenses for skilled nursing facility care, hospital outpatient care, and certain medical supplies, home health services, and disability income. Plan N also covers items such as Medicare Part A, which covers insurance payments for Medicare Advantage Plans, and Part B, which pay the supplement portion of your Medicare insurance premiums. Medicare Supplement Plan N pays an average of 70% of your monthly out of pocket expenses when you first receive coverage, and will gradually pay none whatsoever once you are covered under Plan N. If you spend more than a third of your monthly income on out-of-pocket expenses, Medicare Supplement Plan N may pay for itself very quickly.
Medicare supplement plan and does not cover the costs of most prescription drugs, but there are a few that are covered. Some medications that are not covered by Medicare supplement plan n are copayments for drug related expenses, and deductibles for doctor visits. You have the option to select a higher deductible in order to reduce out of pocket expenses. To find out more about Medicare options and eligibility for Medicare Supplement Plan A and Medicare Part A and Part B, call a Medicare representative.