Which is the Best Medicare Plan for You?
Plan N and Plan G are two Medicare plans that you can choose when enrolling in the government health insurance program. One of the main differences when it comes to Medicare Plan N vs Plan G is cost: Plan G tends to be more expensive than Plan N. But what about benefits? How do these two compare?
Plan G offers a wider selection of providers, more prescription coverage, and extended hospitalization benefits. On the other hand, Plan N provides more affordable premiums and copays, but it has a narrower provider network meaning that for those who need to keep their monthly costs low – but are willing to pay higher out-of-plan medical treatments when they visit doctors, specialists, and hospitals outside the network – Plan N is a cheaper option.
Plan G offers fewer copays for medical service than does Plan N; however this plan also has higher premiums. For example: if you wanted to see a specialist who was not covered by your Medicare PPO or HMO plans, then you would have to pay an out-of-pocket deductible of $100 with Plan N but no such deductible applied to your visit costs under Plan G (as long as they are within their hospitalization coverage).
This means that Plan G is better for people who want the most generous coverage at any cost while Plan N is best for those who need to keep their monthly costs low—but are willing to pay higher out-of-pocket expenses when they visit doctors or receive medical treatments.
Other differences include the prescription drug coverage and enrollment in a Medicare Advantage plan.
There are also other options, if these two plans don’t seem to be the right ones. Consider choosing a Medicare supplement plan, which will cover some of the out-of-pocket expenses that might come with a Plan N or G.