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Medicare Plan N vs Plan G – Which is Best?

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Medicare Plan N vs Plan G

If you’re confused about Medicare Plan N vs Plan G and which one to buy, don’t worry — you’re not alone. The good news is that Medicare Supplement Plan N and Medicare Supplement Plan G are two of the most popular plans (also known as Medigap plans). Medigap Plan N and G are very easy to compare as they share most of the same benefits. In this review, we’ll explain several similarities and differences between these 2 popular policies. By the end, you’ll be a smarter Medigap shopper who will be able to make an informed choice about which policy to buy.

In this article we’ll discuss:

medicare supplement plans are STANDARDIZED!

IMPORTANT: Medigap is standardized throughout the country (except in Minnesota, Massachusetts, and Wisconsin). There are 10 Medigap policies that are labeled with a specific letter. Currently, the available policies you may purchase are letters  F, G, N, A, B, C, D, K, M and L.

Medigap policies are sold by private insurance companies. With standardized policies, any policy type with the same letter has to provide the same benefits no matter the health, age or location of the beneficiary. That makes comparing policies simple.

In other words, a Plan N from Cigna has the same benefits as a Plan N from Aetna or Mutual of Omaha.

Medicare plan g vs n

What do these policies cover?

As you can see from the chart above, Plan N and G will cover most of the big time costs that are leftover from Original Medicare

However, neither N nor G will cover your Part B deductible. Your Part B will cover your outpatient services. These Part B services cover visits to your doctor or physician’s office. Once you meet your policy’s deductible for the year, your policy will begin to provide coverage.

medicare supplement plan g vs n Comparison Chart

Medicare Supplement Benefits Plan G Plan N
Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used Yes Yes
Medicare Part B coinsurance or copayment Yes Yes
Blood (first 3 pints) 3 Yes Yes
Part A hospice care coinsurance or copayment Yes Yes
Skilled nursing facility care coinsurance Yes Yes
Part A deductible Yes Yes
Part B deductible NO NO
Part B excess charges Yes NO
Foreign travel emergency (up to policy limits) Yes Yes

What is the difference between Medicare Supplement Plan N and Plan G?

Medigap Plan G will provide you more protection than Medigap Plan N. Below are the two coverage areas that G covers, but N will not:

Plan G Covers:

Plan N Covers:

Medigap Plan N Does Not Cover:

Premium costs of Medigap Plan N vs Plan G?

Not only are there differences in coverage between Medigap Plan N and Medigap Plan G, the cost of these policies have shown a tendency to vary as well.

In some cases by a significant amount. Premiums for these plans will vary by the Medigap company that sells it.

Plan G is usually more expensive than Plan N.

The reason G costs more is because it provides more coverage.  Since Plan G typically has a more expensive premium, it actually may save you money in the long run.

For example, if you go to the emergency room a few times throughout the year, or if you need to visit your doctor’s office for treatment regularly, your out-of-pocket costs with Plan N could easily add up and cost you more than if you had selected Plan G.

For most of the country, Plan G will usually run about $20-25 more each month when comparing G vs N.  When looking for the best value, it’s typically a better strategy to sign up for Plan N. It will often depend on your level of health even though N has a copay and you may be responsible for 15% in excess charges.

FAQ

Plan G provides more benefits compared to Plan N. However, N is typically priced lower than G. Which plan is best will depend on your coverage goals and budget.

Medicare Supplement Plan G is one of the 10 Medigap policies available to Medicare Supplement shoppers. It is the second most popular options behind Plan F.

Medicare Supplement Plan N is one of the 10 Medigap policies available to Medicare beneficiaries. It is the third most popular plan behind plans G and F. It's often considered the top "value" plan that's currently available.

Medicare Plan N Vs Plan G

Which Medigap Plan is the best choice for you?

The best policy is the one that is going to meet your coverage, lifestyle and budget goals. Your situation is unique. 

Purchasing G may be the best choice if you don’t want to deal with copayments because you go to your doctor frequently. Your premium may be a little higher, but avoiding the hassle of copays may be worth it to you. However, N might be the right choice if you’re in good health and looking to save money with a lower premium.

Choosing the right policy that meets your coverage goals may be a simple decision or more complicated than you thought it would be. It often depends on your current health profile as well as what your health will look like in the next few years and beyond.

Final Considerations

When deciding between Plan G and N, you need to weigh the future. Your initial open enrollment opportunity to purchase your policy is not necessarily a “final” decision. You can always switch policies or carriers at anytime. However, you will have to undergo medical underwriting and answer medical questions. If you can pass underwriting and be “approved”, you will be able to change plans in the future.

To clarify, even if your current health dictates that you enroll in a Plan N or G, you need to think about your initial decision on a long-term basis. What policy you enroll in now, may be what you keep out of necessity, because you may have health problems or develop them in the future.

At REMEDIGAP, we’re here to help you figure this all out. Comparing companies and all of these options can get pretty stressful. We hear it everyday how overwhelming it is shopping for the best Medigap policies. Don’t worry, it’s why we’re here.  We’ll make this process easy for you. We only work with top rated Medigap companies, and we work hard finding low premium options for our clients.

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We know that Medicare can be confusing.  We also know that everyone's situation is different. That's why we're here to help. Schedule your free consultation now!

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