The U.S. government has added two new plans to the Medicare Supplement options called Plan M and Plan N. These two plans will start being available June 1, 2010. Remember, Plans M and N are generally lower-priced than other Medicare supplement plans for the simple reason that policyholders pay more of out-of-pocket costs that Medicare (Parts A and B) does not cover. For example, Plan M pays half of the Medicare Part A deductible. And, Plan M does not pay the Medicare Part B deductible or for excess benefits but policyholders do. Please see the chart of all Medicare Supplement plans at http://www.gninsurance.com/medicare-c.asp or our Medicare page at http://www.gninsurance.com/medicare.asp for more clarification.
Plan N does not pay the Medicare Part B deductible or for excess benefits, either. Also, under Part B, policyholders pay up to a $20 copayment for an office visit and up to a $50 copayment for an emergency room visit.
As with any choice, it comes down to what people are comfortable with. Plans M and N might be attractive options for those who prefer lower premiums in exchange for higher out-of –pocket cost.
For Arizona health insurance quotes for those under 65 or Medicare age go to our two Arizona web sites at https://www.gninsurance.com/ and http://www.gnhealthplan.com/ or call Doug Gulleson and his agents at 480-633-9500 or stop by our office in Gilbert.