There are many different insurance carriers now offering Medicare supplement Plans (Medigap) that work right alongside Medicare to help pay the gaps, or expenses, that Medicare Part A and Part B do not. This makes them an ideal partner for Medicare subscribers who need additional insurance coverage. So many of them will likely sign up for a Medicare Supplement Plan N in 2018.
This is a high-coverage plan with extensive benefits. It manages to provide cover for the majority of supplemental expenses. These include co-payments, coinsurance, a deductible, nursing services, blood and foreign emergency services. Once that coverage is fulfilled, there is little that policyholders for Plan N will have to pay on their own. They may have to pay a deductible or two and perhaps some excess charges for Medicare Part B, but that will be about it.
Of course the value of this coverage and how much of a person’s medical expenses it actually covers will depend on the severity of their medical needs. Those who frequent the hospital and need regular medical care will not have the same percentage of coverage as those with less extensive medical needs. And that coverage may be altered at a later date, as Medicare makes changes to the supplement plans. There are no scheduled changes for as far ahead as the end of 2018, but changes could be put in effect after that date.