why plan n
TRANSCRIPT
Medicare Supplement plans
No networks!Visit any doctor / provider nation-wide
that excepts MedicareUse practically any hospital nation wide
Blue Mountain Medicare
Standardized Medigap Policies
(Page 12) in the 2016 choosing the medigap policy it says “in most cases, Medigap insurance companies can sell you only a
“standardized” Medigap policy. All Medigap polices must have specific benefits, so you can compare them easily”
The next slide shows all of the standardized policies
(Page 25) As you shop for a Medigap policy, keep in mind that different insurance companies may charge different amounts for exactly the same Medigap policy, and not all insurance companies offer all of the Medigap
policies
Medicare Plan NWhat must you pay on a Medicare supplement
Plan N
Blue Mountain Medicare
Up to a $20 co-pay per doctors visit
$50 Co-pay for emergency room visits if not admitted
Part B annual deductible of $183 for 2017
Plan N does not cover Part B excess charges
Part B excess charges
Providers/Doctors can either accept the assigned rate from Medicare (20%) as full payment or they can charge an additional 15% in excess charges
Blue Mountain Medicare
If you are considering Plan N you should check with your providers to see if they accept
medicare assignment
Medicare Advantage plans (Part C of Medicare) are annual contracts offered by insurance companies, they are sold by counties.
With a Med Advantage plan you have the worry of your company pulling out of your county from year to year, and the risk of a very high out-of-pocket expense annually. With Plan N you have the part B deductible, some small copays and the risk that some of your out patient providers(the
Doctors) don’t accept medicare assignment.
Blue Mountain Medicare
Plan N is a really good option for someone who is healthy and needs a lower premium.
Plan N has a low premium and excellent coverage.