As a Sales Director at Pinnacle Financial Services, one of the most common questions I get is about all of the differences in the Medicare plans available. Today I am going to spend a couple of minutes going through the differences between Medicare Supplement Plan G vs Plan N.

First, let’s discuss Medicare Supplements in general. A Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs that Original Medicare doesn’t cover, like:

• Copayments
• Coinsurance
• Deductibles

Medigap policies are sold by private companies like UnitedHealthcare, Mutual of Omaha, and Aetna to name a few.

Medicare Supplement plans are standardized by the government from a Plan A though a Plan N. In essence every insurance company that sells these plans has the exact same benefits.

Two of the most popular plans are the Plan G and the Plan N. They both cover most of the gaps in Medicare with some slight differences.

First Plan G: Plan G will cover all of the gaps in Medicare A and Medicare B except for the Part B deductible which is $185. This is one of the most widely sold plans in the Medicare Supplement world.

Next Plan N: Plan N will also cover almost all of the gaps in Medicare A and Medicare B. The client will be responsible for the Part B deductible of $185. There is also a gap in coverage of a $20 co pay for Doctor Office visits and for emergency room visits up to $50.

But at the end of the day the main difference can really just come down to price. Is the Plan N a big enough cost saving in premium from a Plan G to overcome the additional co pays associated with the Plan N.

Here at Pinnacle Financial Services our trained teams of Medicare experts are here to help. Get all of the information on which Medicare Supplements plans are best priced for your clients.