Medicare Explained: Is Medigap Plan G Better than Medigap Plan N?

Is Medigap Plan G a Better Comprehensive Option Than Medigap Plan N? Check out this video to learn more or call us at iHealthBrokers today at 888-410-0344. Our services are 100% Free!

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Medigap Plan G offers a bit more coverage than Plan N, making it the more comprehensive option, but Plan N is a bit less expensive. Both, however, are good options. So, is Medigap Plan G a Better Comprehensive Option Than Medigap Plan N?
Medigap Plan G offers a bit more coverage than Plan N, making it the more comprehensive option, but Plan N is a bit less expensive. Both, however, are good options.

Medigap, or Medicare Supplements, are additional, supplemental insurance plans that cover many of the out-of-pocket costs of Original Medicare.

There are 10 different supplements, each providing its own benefits and costs—A, B, C, D, F, G, K, L, M, and N. Plans A and B offer the smallest price points, but the least coverage. They’re still incredibly helpful, but likely not what you’re looking for if you want the most comprehensive plan. Plans K and L are cost-sharing plans. Plan K will typically provide 50% coverage while Plan L will provide 75%.

Plans C, D, F, G, M, and N fall on the slightly higher end of the price spectrum. However, they provide more coverage than the other options. Plan F in particular offers the most coverage of any of the 10 options. However, it and Plan C are no longer available to new Medicare enrollees as Medigap plans are no longer allowed to provide coverage for the Part B deductible, resulting in these plans to be phased out.

That leaves us with Plans G and N as the most comprehensive.

G is the next closest to Plan F in terms of benefits. It covers:

Part A Coinsurance & Hospital Costs
Part B Coinsurance/Copayment
First 3 Pints of Blood for Transfusions
Part A Hospice Care Coinsurance/Copayment
Skilled Nursing Care Facility Coinsurance
Part A Deductible
Part B Excess Charges
80% of Foreign Travel Emergency Care

Plan N comes in a close second to Plan G. It covers:

Part A Coinsurance & Hospital Costs
Part B Coinsurance/Copayment
First 3 Pints of Blood for Transfusions
Part A Hospice Care Coinsurance/Copayment
Skilled Nursing Care Facility Coinsurance
Part A Deductible
80% of Foreign Travel Emergency Care

The difference between Plan G and N, then, is that Plan N does not cover Part B excess charges.

Generally speaking, Plan G is the more comprehensive of the two. Because it includes more benefits, however, it will be more expensive. When it comes to the amount of benefits included in a plan, you should expect to see those additions reflected in the month-to-month premium payment.

If you would rather cover Part B excess charges in your premium, then, Plan G is for you. However, if you are willing to pay this out-of-pocket for a lower monthly premium, you may want to consider Plan N.

Plan N is also identical to the benefits offered in Plan D. It, however, has a different payment structure. When you receive care, you have a copayment fee with Plan N—with Plan D, this fee is included in your premium.

This simple difference means that Plan N is less expensive. So, if you’re deciding between Plan N and G, you will be deciding on how much coverage you want to be included in your premium.

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