Medicare Supplement Plan N

Medicare Supplement Plan N

Robert Bache, MedicareBob, explains medicare supplement plan N. First, Robert will explain Medicare Supplement insurance and give you an example. Then Robert will cover Plan N coverage and costs.

Medicare Supplement Insurance: You pay a monthly premium, and in return your Medicare Supplement pays your medical and hospital bills that Medicare does not pay. There are many different Medicare Supplement Plans, each Medicare Supplement Plan is identified by a letter. The Medicare Supplement Plans are Federally Regulated and are required to offer the same coverage.

For Example, Cigna’s Medigap Plan N, offers the same coverage as Aflac’s Medigap Plan N. The letter assigned to plan dictated your coverage level, not the company that you choose as your Carrier.

Today, I want to focus on the benefits offered with the Medicare Supplement Plan N. Plan N is a good plan for a Medicare Beneficiary that wants the flexibility of being able to go to any Doctor or Facility that accepts Medicare, but also cannot justify paying a large monthly premium because they may be in good health.

Plan N’s Hospital Coverage: If you are admitted into the hospital, the Medicare Supplement Plan N pays the Medicare Part A Deductible and all of the copays while you are in the hospital. However, if you are not admitted, than you will be required to pay a $50.00 copay for visiting the emergency room.

MedicareBob™’s thought: So this is pretty cool, we purchase insurance to protect ourselves against big hospital bills, and the Plan N satisfies this. $50.00 as a worse case for going to the hospital seems fair to me.

Plan N’s Medical and Doctor Coverage: Medicare Supplement Plan N requires you to pay the Medicare Part B Deductible, for 2013 this amount is $147.00 for the whole year. With the Plan N, after you meet the annual deductible of $147.00, your Doctor has the right to charge “up to” a $20.00 copay. Typically, my Clients have shared with me that their average Primary Care Visit is a $10.00 copay, and a specialist charges the full $20.00.

MedicareBob™’s thought: Plan N pays the 20%, so again this is an example of having insurance for the “big things”, and the Plan N does this by protecting you against the 20% that Medicare does not pay.

Part B Excess Charges: Plan N does not pay, “Part B Excess Charges”. A Part B Excess Charge is when a Doctor does not accept “Medicare Assignment” (What Medicare has approved for the service provided). A Doctor can not pick and choose when to accept and not accept Medicare Assignment, either He/She does or does not.

MedicareBob™’s thought: The most the Part B Excess Charge can be is 15%, plus you can avoid them by asking your Doctor if He/She accepts “Medicare Assignment”. In my experience, most do.

In summary, Medicare Supplement Plan in offers a lower monthly premium but at the same time offers very comprehensive coverage. Plan N is a great alternative to Medicare Supplement Plan F, as long as you understand that you will have some out of pocket costs when you use the Plan.

Get your FREE Medicare Supplement Plan N Quote

Medicare Supplement Plan N explained by MedicareBob

Robert W. Bache aka “MedicareBob™”

President / Producer

Senior Healthcare Direct

Company Toll Free: 1-855-368-4717

 

Medigap Plan G cost-effective

Medicare Supplement Plan G

Medigap Plan G is often the most cost-effective.

Medicare Supplement Plans are also called, “Medigap”. For example, there is Medigap Plan F and N. Each Medigap Plan has different benefits and costs. In this post, we will look at Plan G benefits and costs.

Medigap Plan G benefits

Medigap Plan G fills in all of the Medicare gaps except the Part B deductible. In 2013, you pay Part B deductible of $147. It has not increase much over the years. In 2020, the Part B deductible is still under $200 at $198.

Medigap Plan G costs

You pay the Plan G monthly premium and the plan covers all Medicare-approved costs. For example, it will be the 20% coinsurance that Original Medicare does not pay. Furthermore, with Medigap Plan G you will have no copays so it is cost-effective.

Like all Medicare Supplement Plans, Medigap Plan G provides you the flexibility of choosing any doctor that accepts Medicare.

Senior Healthcare Direct represents the Top 10 Medicare Supplement Insurance Companies, we save you money by helping you shop. As of 2020, Senior Healthcare Direct has over 150 5-star Shopper Approved Reviews.

Get you Free Medicare Supplement quote OR CALL TOLL FREE: 1-855-368-4717.

Medigap Plan G cost-effective

Robert W. Bache aka “MedicareBob™”

President / Producer

Senior Healthcare Direct

Company Toll Free: 1-855-368-4717

 

 

MedicareBob Videos Blog

Is Medicare free?

Is Medicare free?

For most people Medicare Part A has no premium. Thus, Part A is free for most people. However, most people have a premium on Medicare Part B and it is based on your income. Thus, Medicare Part B is not free. What a lot of people do not like is that it is not based on your current income. Your Part B premium payment is based on your income from prior two years.

Below is a chart illustrating what your Medicare Part B Premium is going to cost you for 2013.

2013 Part B Premiums

If your yearly income in 2011 was You pay (in 2013)
File individual tax return File joint tax return
$85,000 or less $170,000 or less $104.90
above $85,000 up to $107,000 above $170,000 up to $214,000 $146.90
above $107,000 up to $160,000 above $214,000 up to $320,000 $209.80
above $160,000 up to $214,000 above $320,000 up to $428,000 $272.70
above $214,000 above $428,000 $335.70

Source for chart: www.medicare.gov

7 years later Part B premium has only increased $40. In 2020, the Part B premium is $144.60. Get info on 2018 income amounts.

Is Medicare free?

Robert Bache aka MedicareBob™ owns and operates Senior Healthcare Direct. Senior Healthcare Direct is a National Telephonic Insurance Agency that represents over 26 Medicare Insurance Companies in 40 States. It is our job to help you understand Medicare and your all of your Medicare insurance options.

We want to be your Medicare Insurance Agent. You can call us toll-free at 1-855-368-4717 or get a quote.

How to Enroll into Medicare

Senior Healthcare Direct

Medicare Supplement Rate Changes

Medicare Supplement Rate Changes
June 2013

The following is a summary of Medicare Supplement Insurance companies with average rate changes and effective date of rate change. Furthermore, these rate changes may vary by state so please read the comments. This list is organized by Company name in alphabetical order.

Company
Effective Date
Ave. Increase
Comments
American Continental Insurance Company 7/1/2013 8.4% 0% – 10%; Varies by state
American Republic Corp Insurance Company 6/1/2013 4.3% (5%) – 15%; Varies by state
Assured Life Association 5/1/2013 5.7% Lousiana
Bankers Fidelity Life Insurance Company 5/1 – 7/1/2013 7.8% 0% – 20.1%; Varies by state
BlueCross BlueShield of North Carolina 6/1/2013 11.8% North Carolina
Central States Indemnity Company of Omaha 6/1/2013 6.4% Maryland
Colonial Penn Life Insurance Company 1/1/2013 12.1% Ohio
Community Insurance Company (Anthem/Wellpoint) 7/1/2013 12.0% Ohio
Everence Association Inc. 4/1/2013 3.6% 2.1% – 5.7%; Varies by state
Family Life Insurance Company 6/1/2013 7.0% South Carolina
Humana Insurance Company 8/1 – 9/1/2013 0.5% (15.6%) – 10.4%; Varies by state
New Era Life Insurance Company 7/1/2013 8.1% Pennsylvania
New West Health Services 6/1/2013 5.7% Montana
Omaha Insurance Company 6/1/2013 9.1% 5% – 12%; Varies by state
Paramount Insurance Company 1/1/2013 2.2% Ohio
Physicians Mutual Insurance Company 6/1/2013 4.4% Ohio
Royal Neighbors of America 7/1 – 9/1/2013 (3.0%) (9.1%) – 7%; Varies by state
Standard Life and Accident Insurance Company 3/1 – 5/1/2013 6.2% 0% – 36%; Varies by state
Sterling Investors Life Insurance Company 7/1 – 8/1/2013 11.0% 5% – 15%; Varies by state
THP Insurance Company 1/1/2013 0.0% Ohio
United American Insurance Company 5/1 – 5/15/2013 2.3% (10%) – 18.4%; Varies by state
United Commercial Travelers of America 5/1 – 8/1/2013 8.7% 7% – 12%; Varies by state
United World Life Insurance Company 6/1/2013 4.1% Colorado
USAA Life Insurance Company 4/1/2013 11.1% 2.4% – 23.3%; Varies by state
Woodmen of the World 5/1/2013 13.2% Oregon

Source: CSG Actuarial.

View Medicare Supplement Plan G rates by state.

Call us today to receive your Custom Medicare Supplement Quote:

1-855-368-4717

OR Get your quote

Robert Bache aka MedicareBob™

Medicare Supplement Rate Adjustment in Wyoming

Discover Medicare Supplement Rate Adjustment in Wyoming. American Continental Insurance Company (ACI) has received approval for a rate adjustment on Medicare Supplement policies currently available in WY.

What You Need To Know:

  • A rate adjustment will apply to all currently marketed (open block) plans and will become effective August 1, 2013.
  • Plus- One area factor will now apply to all zip codes in WY – keeping us very competitive in key areas.
  • The net rate adjustment will vary (by zip code) due to the elimination of the area factors previously used in WY.
    • Refer to the table below for the net rate adjustment by zip code-which will apply to new and existing ACI Medicare Supplement policies issued in WY.
Revised Zip Codes Net Rate Adjustment
821,823,827,829-831

0.42%

820,822,824-826

6.0%

Rest of State

12.23%

Robert Bache aka MedicareBob™
Toll Free Cell Phone: 1-855-368-4717

Robert Bache aka MedicareBob™ owns and operates Senior Healthcare Direct. Senior Healthcare Direct is a National Telephonic Insurance Agency that represents over 26 Medicare Insurance Companies. It is our job to make sure that you always have the best price for your Medicare Supplement Plan.

Harris County Texas Medicare Supplement Quotes

Harris County Texas Medicare Supplement Quotes

Effective July 2013

Medicare Supplement Insurance: You pay a monthly premium, and in return your Medicare Supplement pays your medical and hospital bills that Medicare does not pay.

The three most comprehensive Medicare Supplement Plans are:

Medicare Supplement Plan F: Full Coverage

Medicare Supplement Plan G: Small Deductible ($147.00)

Medicare Supplement N: Small Deductible and Copays (Part B Excess)

A Medicare Supplement (Medigap) also provides freedom when choosing your own Doctors and Hospitals.

Medicare Supplement Insurance pricing is based on: Age, Tobacco Use, Zip Code, etc…

Harris County Texas Zip Code: 77036

Senior Healthcare Direct represents over 26 different insurance companies. We get paid by the insurance Companies, not you.

A Medicare Insurance Agent costs you nothing, but adds Customer Service, Expertise, Telephonic Enrollment and Customer Service!

Harris County Texas Medicare Supplement Quotes

Below are the lowest Medicare Supplement quotes available in Harris County Texas:

Medicare Supplement Male Quotes:

AgePlan FPlan GPlan N
65$155.11$133.41$108.98
68$161.87$143.47$118.92
72$193.39$158.20$138.51

STOP Paying more than you have too, call Senior Healthcare Direct at 1-855-368-4717

Medicare Supplement Female Quotes:

AgePlan FPlan GPlan N
65$139.53$119.15$95.73
68$151.19$132.34$105.13
72$173.67$145.32$122.77

Call us today to receive your Custom Medicare Supplement Quote:

1-855-368-4717

OR Go to: https://www.seniorhealthcaredirect.com/quoting-engine-2/

Robert Bache aka MedicareBob™

Robert Bache aka MedicareBob™ owns and operates Senior Healthcare Direct. Senior Healthcare Direct is a National Telephonic Insurance Agency that represents over 26 Medicare Insurance Companies. It is our job to make sure that you always have the best price for your Medicare Supplement Plan.

Get more Texas Medicare Supplement rates

Mutual of Omaha Medicare Supplement Plans Indiana

Robert Bache announces rate increases on Mutual of Omaha Medicare Supplement Plans in Indiana in 2013.

The rate increase is for all new applicants that enroll after Effective July 1st 2013, and will take effect for all existing United of Omaha Policyholders effective August 1st 2013. The following Medigap Plans will increase:

  • A will increase 12%
  • F will increase 9%
  • G will increase 5%
  • M will increase 7.7%

Please remember, all Medicare Supplement Plans offer the same coverage, so just because your Mutual of Omaha Policy is increasing does not mean that you have to pay more.

Also note that Mutual of Omaha is a great Company and premium increases are just  insurance realty, but this is exactly why Medicare gives you the right to shop and compare.

Marion County Indiana Zip Code: 46227

Below are the lowest Mutual of Omaha Medicare Supplement Plans Indiana.

Medicare Supplement Male Quotes

Age Plan F Plan G Plan N
65 $139.03 $119.64 $95.27
68 $150.87 $131.02 $104.07
72 $167.01 $152.20 $120.69

STOP Paying more than you have too, call Senior Healthcare Direct at 1-855-368-4717.

Medicare Supplement Female Quotes

Age Plan F Plan G Plan N
65 $120.89 $104.03 $82.84
68 $125.29 $113.93 $90.50
72 $146.94 $132.35 $104.95

Call us today to receive your Custom Medicare Supplement Quote:

1-855-368-4717

OR Get your Quote!

Robert Bache aka MedicareBob™ owns and operates Senior Healthcare Direct. Senior Healthcare Direct is a National Telephonic Insurance Agency that represents over 26 Medicare Insurance Companies. It is our job to make sure that you always have the best price for your Medicare Supplement Plan.

You can get more rates on Medicare Supplement Plans in Indiana.

Marion County Indiana Medicare Supplement Quotes

Marion County Indiana Medicare Supplement Quotes:

Effective June 2013

Medicare Supplement Insurance: You pay a monthly premium, and in return your Medicare Supplement pays your medical and hospital bills that Medicare does not pay. The three most comprehensive Medicare Supplement Plans are:

  • F: Full Coverage
  • G: Small Deductible
  • N: Small Deductible and Copays (Part B Excess)

A Medicare Supplement (Medigap) also provides freedom when choosing your own Doctors and Hospitals.

Medicare Supplement Insurance pricing is based on: Age, Tobacco Use, Zip Code, etc…

Marion County Indiana Zip Code: 46227

Senior Healthcare Direct represents over 26 different insurance companies. We get paid by the insurance Companies.

A Medicare Insurance Agent costs you nothing, but adds Customer Service, Expertise, Telephonic Enrollment and Customer Service!

Below are the Marion County Indiana Medicare Supplement Quotes

Medicare Supplement Male Quotes

Age Plan F Plan G Plan N
65 $139.03 $119.64 $95.27
68 $150.87 $131.02 $104.07
72 $167.01 $152.20 $120.69

STOP Paying more than you have too, call Senior Healthcare Direct at 1-855-368-4717.

Medicare Supplement Female Quotes

Age Plan F Plan G Plan N
65 $120.89 $104.03 $82.84
68 $125.29 $113.93 $90.50
72 $146.94 $132.35 $104.95

Call us today to receive your Custom Medicare Supplement Quote:

1-855-368-4717

OR Get your Quote!

Robert Bache aka MedicareBob™ owns and operates Senior Healthcare Direct. Senior Healthcare Direct is a National Telephonic Insurance Agency that represents over 26 Medicare Insurance Companies. It is our job to make sure that you always have the best price for your Medicare Supplement Plan.

You can get more rates on Medicare Supplement Plans in Indiana.

Cook County Illinois Medicare Supplement Quotes

Cook County Illinois Medicare Supplement Quotes

Effective June 2013

Medicare Supplement Insurance: You pay a monthly premium, and in return your Medicare Supplement pays your medical and hospital bills that Medicare does not pay.

The three most comprehensive Medicare Supplement Plans are:

Medicare Supplement Plan F: Full Coverage

Medicare Supplement Plan G: Small Deductible

Medicare Supplement N: Small Deductible and Copays (Part B Excess)

A Medicare Supplement (Medigap) also provides freedom when choosing your own Doctors and Hospitals.

Medicare Supplement Insurance pricing is based on: Age, Tobacco Use, Zip Code, etc…

Cook County  Zip Code: 60629

Senior Healthcare Direct represents over 26 different insurance companies. We get paid by the insurance Companies.

A Medicare Insurance Agent costs you nothing, but adds Customer Service, Expertise, Telephonic Enrollment and Customer Service!

Cook County Illinois Medicare Supplement Quotes

Below are the lowest Medicare Supplement quotes available:

Medicare Supplement Male Quotes:

AgePlan FPlan GPlan N
65$149.37$120.24$104.76
68$159.47$125.97$109.16
72$174.83$146.99$127.45

STOP Paying more than you have too, call Senior Healthcare Direct at 1-855-368-4717

Medicare Supplement Female Quotes:

AgePlan FPlan GPlan N
65$131.95$104.23$91.06
68$138.25$109.21$94.96
72$161.31$127.42$110.76

Call us today to receive your Custom Medicare Supplement Quote:

1-855-368-4717

OR Go to: https://www.seniorhealthcaredirect.com/quoting-engine-2/

Robert Bache aka MedicareBob™

Get more Medicare Supplement Rates in Illinois.