All you need to know about Aetna Medigap Plan N

Medicare saves lives, but this standard healthcare insurance initiative doesn’t cover everything. To fill these gaps, Aetna provides Medicare Supplements to more than 22 million people, making it the third-largest health insurer in the United States. Aetna Medigap Plan N is Aetna’s exclusive Medicare Supplement plan for Medicare that offers a low-cost alternative to more comprehensive policies like G or F. Plan N is a relatively novel provision that debuted in 2010. Since then, enrollment in Plan N has been growing progressively each year. Recent studies showed that Aetna Medicare Plan N was the third-most popular plan, with 10% of Medigap enrollees selecting it.  Aetna Medigap Plan N provides the cheapest rate of Medicare Supplement Plans and a fair amount of benefits. Aetna Medicare Plan N has a strong financial rating and additional features and benefits.

Aetna Medigap Plan N Benefits

With Aetna Medicare Plan N, you will enjoy:

• Medicare Part A coinsurance and coverage for clinical benefits
• Medicare Part B coinsurance or copayments – with a proviso
• Coinsurance or copayments for hospice care
• The first three pints of blood in a medical procedure
• Medicare Part A deductible
• Coinsurance for skilled nursing facility care
• You can choose a doctor as long as they accept Medicare
• Foreign travel emergencies up to your policy’s limits (usually 80%)

Aetna Medigap Plan N: costs and provisions

You will observe that Plan N appears similar to Plans D and G. But unlike Plan G, Aetna Medigap Plan N does not cover the Part B excess charges. This means that a provider can charge a patient 15% higher than the Medicare-approved negotiated service price. There is also an important proviso with Plan N coverage for Part B coinsurance. Under Plan N, you will still be liable for certain copayment rates, which is up to  $20 for every office visit, and $50 for ER visits that do not end up hospitalized. The plan covers all other Part B coinsurance amounts. Pricing and availability for this option vary as they do with other Medigap plans. Overall, it could cost about $135 per month for a 68-year-old from Michigan to purchase an Aetna Medigap Plan N.

Aetna Medigap Plan N comparison chart

It is easier to visualize the differences in plans at a glance to make an informed decision quickly.