We want to talk to you about a Medicare insurance plan that is saving lots of seniors on their healthcare. It’s Plan N we are covering here, but specifically we want to talk about an upcoming version of this plan offered through Mutual of Omaha. That coverage plan is Mutual of Omaha Medicare Supplement Plan N 2018.
It shod be noted that this Plan N is not any different from other plan N’s out there being sold by other insurance companies. Mutual of Omaha is not offering a unique spin on it at all, as they cannot change the coverage on any Supplement plans. No insurance company can, since these plans are created and controlled by Medicare.
Mutual of Omaha can only sell the plan, but they can decide what price to sell it at and what benefits and services they can offer their members as an insurance company.
How Plan N takes Care of You
Each Medicare Supplement plan is unique in the coverage it offers. Each one has something different about it that sets it apart from the other Supplement plans. Plan N is a nearly full coverage plan and falls under the category of high coverage plan. That means it covers nearly all of the supplemental healthcare items.
These are all expenses that are not covered by Medicare’s basic plan, and you need to have that basic plan in order to qualify for the Supplement plan. There are lots of expenses that Medicare will leave for you to pay on your own. For instance, it covers you for Part A services, but it does not cover the Part A deductible or copayment. Plan N can cover both of those for you.
It also covers the Part B copayment, but not the Part B deductible. It does a very good job of cleaning up those leftover expenses that you get when you sign up for basic Medicare.
Plan N will also cover you for blood use, which goes above and beyond the blood coverage provided by basic Medicare and covers you for three more pints annually.
It also covers the cost of skilled nursing care coinsurance. The basic Medicare plan will take care of the main costs for skilled nursing care, but Plan N covers that coinsurance payment you have to pay for each instance of service.
In addition, Plan N covers the cost of friend travel exchange, or emergency travel outside the US to a medical facility. It covers you for the maximum amount on this expenditure, which is 80% of the cost of each incident. You can be covered for as much as $50,000 for foreign travel exchange in your lifetime.
Those are all the items of coverage Plan N provides for you. It won’t cover the Part B deductible, as we mentioned. It also does not cover you for the Part B excess charges. Those are not very common expenses for most people, but you need to know that they anent going to be covered if you go with Plan N. You also have to pay some small copayments for some visits to the hospital and emergency room if you sign up for this plan.
Mutual of Omaha and Plan N
You can get Plan N from Mutual of Omaha by simply applying through their website or visiting one of their offices. They offer other Supplement plans as well, so you may want to compare the coverage and cost of these to be sure you are getting the best one for your needs.
You can get Plan N from Mutual of Omaha if you are eligible. You simply apply and wait for approval from them. You are likely to be approved if you are 65 years or older, or you have a qualifying medical issue, such as a disability or end stage renal disease. You also need to have that basic Medicare plan. You can sign up for it at the same time as you sign up for Mutual of Omaha Medicare Supplement Plan N 2018, if you like, but you can only get that basic plan from Medicare itself.
So, you will be responsible for paying for two premiums each month- one for Medicare’s basic plan and one for Medicare Supplement Plan N. You may not be able to sign up for other insurance plans at the same time. For instance, you can only sign up for one Supplement plan at once, since they overlap, and Medicare allows no overlap between medical coverage plans.
You could sign up for Medicare Part D at the same time, and you can get that through Mutual of Omaha, if you like. This prescription drug plan is compatible with all Supplement plans.
You will not be able to sign up for Medicare Advantage (also known as Medicare Part B) at the same time you have a Medicare Supplement plan such as Plan N. Many employer insurance plans and union insurance plans will not be compatible either.
Mutual of Omaha is worth considering as a supplier for medical insurance because of their reputation. They are known to take good care of their customers, to keep stable pricing from year to year and to offer decent member services that attract seniors for all types of insurance plans.
Is Plan N the Right Choice?
We can’t really tell you whether you should sign up for Medicare Supplement Plan N or not. We don’t know what your financial situation is or what kind of coverage needs you have. Only you know all that, so only you can decide which plan is best for you. What we can do is arm you with the knowledge you need to make the right choice, to help you decide between one plan and another.
So, since we have already looked in depth at what Plan N can provide for you, let’s look at a couple of other Supplement plans. We are only going to look at a couple of very similar plans, both of which fall under the high coverage classification.
Plan F is the one you will hear a lot of people talking about. It covers you for all sorts of supplementary medical expenses. In fact, it covers all supplementary costs. That means it will cover you for all the costs we talked about above for Plan N, plus more. In addition to what Plan N covers, Plan F will take care of the cost of the Medicare Part B deductible, the Part B excess charges and those small copayments that Plan N leaves you to pay. That full coverage Plan F can be very convenient and help you to plan out your medical expenses fairly easily, but it is also costly.
Plan G is more economical, and it covers all the same things as Plan N and more. In addition to what Plan N covers, Plan G will also cover the minor copayments and the Medicare Part B excess charges. So, the only supplementary expense it does not cover is the Part B deductible, which is only $183.
You should compare this plan to Plan N to see which one looks like a better fit for you. Don’t make it a quick decision. You need to examine your own medical needs and your financial capabilities. You want to be sure that you can afford the plan you choose. If you aren’t sure, then look the prices on these plans more closely.
You can compare the cost of plans across multiple insurance companies fairly easily. Just use a price comparisons service and you can see how Mutual of Omaha Medicare Supplement Plan N 2018 compares in price to other insurance companies offering the same plan. That can give you a good idea of whether you are getting a good deal or not.