Great coverage for your medical bills is just a few clicks away. You can apply for Mutual of Omaha Plan N online and not have to pay a lot of those medical expenses out of your own pockets anymore. This high coverage plan takes care of many of the expenses that are common to seniors, and we are going to cover what those are and why Plan N may be the right choice for you.
What Plan N Does
Plan N is a Medicare supplement plans. That means that it isn’t sold by Medicare, but is rather sold through private insurance companies that Medicare works with. It also means that you cannot combine it with most other medical coverage plans, such as your employer insurance or a Medicare Advantage plan. That’s because these would have some of the same coverage as Plan N, and you cannot pay twice for the same coverage. So, if you have one of those plans, you will need to make sure it is cancelled before you sign up for Plan.
So, why should you choose Plan N over one of the many other supplements plans available? After all, there are ten of them in total. We will look at why Plan N may be a better choice than other plans in a moment, but first, let’s look at what it has to offer you.
You will be covered for all major co-payments. That includes Medicare Part A and Part B. You should be aware that you may have to pay some minor co-payments for each visit to the doctor’s office and the emergency room, but these only cost $20 and $50, respectively.
You can also be covered for the Medicare Part A deductible. Plan N won’t cover the Part B deductible, though, and you will have to pay that from your own pockets.
Plan N also covers you for your nursing care coinsurance, for some pints of blood and for foreign travel exchange.
The last bit of coverage is possibly the most important- hospice coverage, for up to 365 days over your lifetime. That’s coverage that is also provided by the basic Medicare plan, but this supplemental coverage will step in and offer its coverage when that basic plan’s coverage has finished.
This is what supplemental plans like N do- they fill in gaps and make it easier to consolidate your medical bills and afford them. You can pay for most medical expenses by simply paying your premiums when they are due, since Plan N will cover the most common medical costs for you.
Will it cover you better than other plans, though? That will be for you to decide, but we will look at how it compares now.
Plan N- Is It the Right Choice?
If you were to look at all the supplemental plans, you’d see 10 of them in all, including Plan N. Obviously, they cannot all be good choices for you, especially since some of them are so different. Some will only cover you for a few items, while others will cover almost all your out-of-pocket costs. How much coverage you receive is up to you, as you get to pick the plan you want.
You can apply for Mutual of Omaha Plan N online and see for yourself how much it costs and if you are eligible for it, but you should definitely compare it some of the other supplement plans before you agree to this plan and its coverage.
Plan N is often thrown in with Plans F and G. They are usually lumped together as the high coverage plans, because they all offer very similar coverage. If you have tons of medical expenses or a chronic condition that needs regular treatment or are otherwise visiting doctors often, then you will benefit from extensive coverage. The basic Medicare plan likely won’t be bought for you to make your healthcare affordable. In those situations, we highly recommend high coverage plans.
Plan F is the full coverage supplement plan, and Plan G ranks second in overall coverage. Plan N comes in third, but there is very little difference between these two plans. Plan N covers the least of the three, but what it doesn’t cover are expenses that are often considered uncommon or not very expensive, so it may be beneficial to you to pay those expenses from your own pockets and not have them covered. You could end up losing money by trying to cover certain expenses with an insurance plan, and we suggest comparing the cost of the plans and what they cover to see which one will save you the me most money. In our experience, most people who need a high coverage plan save money by choosing Plan N over plans F and G. But you will have to look at your circumstances to figure out which is right for you.
You may not have settled on a plan that is best for you, but that doesn’t mean you cannot apply for Plan N right now. If you do apply, you will learn a few crucial things. First, you will learn how much it will cost. You may be able to find that out before you apply, but you will get a better idea of the cost and you will get a price that is geared toward your situation. Sometimes, quotes you get from insurance websites and from price comparison websites is not accurate for your situation, because there may be factors at work in our life that prohibit you from getting the best possible rate.
The second thing you will find out is if you are eligible for the supplement plan. While it is simple to become eligible, not everyone understands what it takes and if they qualify, and once you apply for Mutual of Omaha Plan N online, you will know for sure whether to not you qualify.