Understanding Medigap Plan N for Seniors Turning 65
As a senior turning 65, you may have heard of the Medigap plans available to those eligible for Medicare. Medigap is a type of supplemental health insurance that helps cover some of the costs that Medicare does not—such as copayments and coinsurance. One plan in particular, Medigap Plan N, is an excellent option if you are looking for comprehensive coverage with relatively low premiums. Let’s take a look at how this plan works and why it might be a good fit for you.
What Does Medigap Plan N Cover?
Medigap Plan N is one of 10 standardized plans that are offered by private insurance companies. It covers many of the same services as other plans, including Part A coinsurance hospital costs and Part B coinsurance doctor visit costs. However, unlike other plans, it does not cover certain services such as excess charges or foreign travel exchange.
In addition to the services listed above, Medigap Plan N also covers many preventive care benefits like routine physicals and screenings at no cost to you. It also offers some coverage for emergency care when traveling abroad, although there may be some restrictions on how much it will pay out depending on where you are visiting. Lastly, it covers three pints of blood each year should you need a transfusion due to an accident or illness.
What Are The Benefits Of Choosing Medigap Plan N?
The main benefit of choosing Medigap Plan N is that premiums tend to be lower than other plans while still providing comprehensive coverage. It can also give you peace of mind knowing that if something unexpected happens while you are away from home—like an injury or illness—you will be covered up to certain limits depending on where you are located geographically. Finally, preventive care benefits can help save money in the long run by helping catch illnesses early and providing regular check-ups for seniors over 65 who may not have access to primary care physicians otherwise.
For seniors turning 65 who want comprehensive coverage without breaking the bank, Medigap Plan N may be the perfect fit! With its low premiums and generous array of services and benefits, this plan can provide peace of mind in your golden years without having to worry about expensive medical bills due to preventable illnesses or unforeseen accidents while traveling abroad. If this sounds like something that could benefit you as a senior citizen turning 65 soon, start doing your research now so that when it comes time to enroll in Medicare you will know exactly what plan would work best for your needs!