How does a Plan N Medicare Supplement work in conjunction with MEDICARE?
Plan N is closer to the coverage you might have under an employer plan.
The main difference is that Plan N does not pay the excess 15% doctors who do not take Medicare Assignment can charge - and - Plan N will have the Part B Deductible (2018 - $183) and up to $20 co-pay for office visits and up to $50 co-pays for Emergency Room visits.
Currently a Majority of doctors take Medicare Assignment, but with the low Medicare Reimbursement rates there is an uprising of doctors choosing not to take assignment.
If there is less than twenty-five dollars a month difference in rates between plan F and Plan N I would definately choose a Plan F for the peace of mind that you will not have any surprises pop up from doctors not taking Medicare Assignment - even though inthe present environment probability is low. Also, you won't have any co-pays along the ay for offce and emergency visits with Plan F.
It is not unfathomable to have a $50,000 bill these days. Excess charges could add up to 15% of that = $7,500!
Ask yourself - do I want to save $15 or $20 per month and have exposure to that kind of surprise? If YES - you want a plan N - Otherwose you are more conservative like me and would be more comfortable with a Plan F.
Remember - If you choose a plan N you have to devide that annual deuductible by 12 and add it to the premium, becuase you are going to see that every year. Plus the co-pays for office calls.
If you really break it down - Plan N is not going to save you much money!
My mother owns a Plan F.