Humana Medicare Supplement Plan N
Are you a member of Original Medicare Parts A & B?
You’re probably well aware that Medicare benefits only cover around 80% of your healthcare expenses associated with services and benefits to do with Parts A&B.
Fortunately, a Medigap policy can help you with covering the out-of-pocket costs associated with the remaining 20%
Plan N is a good choice for healthy seniors due to its extensive coverage and low premiums.
Medigap policies are available from leading private healthcare insurers across the United States. Each insurer sets a different rate for Plan N, and its cost may vary widely between providers and the additional benefits it provides.
Humana is one of the top-rated private insurers offering Medigap Plan N.
This guide gives you everything you need to know about Humana Medicare Supplement Plan N and how it works.
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Who Is Humana?
Humana is one of America’s largest healthcare insurers, with headquarters in Louisville, Kentucky.
The company offers:
- Medicare Advantage plans,
- Medigap supplement insurance policies,
- Medicare prescription drug plans,
- Medicaid coverage, and vision and dental plans.
Humana offers individual and employer-sponsored healthcare plans and policies, covering approximately 8.7 million Medicare members in the United States, with around 333,000 Medigap policy beneficiaries.
It controls a market share of 2.1%, posting annual revenues of $92.9 billion in 2022.
Humana offers Medigap insurance plans in 49 states, including Washington, D.C., and Puerto Rico. The only state it doesn’t cover is Virginia.
Addental, Humana serves residents of Massachusetts, Minnesota, and Wisconsin according to local laws, which differ from the rest of the country regarding Medigap policies.
Humana offers a wide range of Medigap policies, including Plan N, and it also provides many member benefits outside of the standardized coverage for Medigap policies.
However, the company’s pricing can be expensive compared to the market average, and it receives higher-than-average complaints regarding its policy pricing.
Humana Medicare Supplement Plan N At a Glance
Humana offers its Medigap beneficiaries several perks and discounts on its plans, including “Lifeline Medical Alert” for healthcare emergencies and hearing and vision benefits.
It’s also one of the few providers offering members access to the “SilverSneakers” program for discounted gym memberships.
Humana has plenty of additional benefits for members but doesn’t offer any dental coverage.
You get great discounts for initial enrollment during the open enrollment period for Medigap, and it provides cross-nation coverage for seniors owning multiple homes across the country.
Humana is one of the more expensive Medigap providers, with the average premium across all Medigap plans being around 70% more expensive than the lowest-cost provider in each state.
Humana Medicare Supplement Plan N – Benefits and Coverage
Humana offers Plan N beneficiaries the same standardized coverage and benefits as all other insurers in the United States.
You can expect the following from your Plan N policy regarding Parts A & B Medicare coverage.
- Part A hospital stays and coinsurance up to an additional 365 days after Medicare benefits end.
- Part A deductible.
- Part A hospice care coinsurance or copayment.
- Part B coinsurance ($20 copays for doctors’ visits and up to $50 copays for trips to the emergency room where you aren’t hospitalized).
- Coinsurance for care at skilled nursing facilities.
- The first three pints of blood in procedures.
- 80% of emergency health care costs for services outside the US in the first 60 days of travel ($250 deductible and $50,000-lifetime maximum).
On top of these standardized benefits, Humana Plan N policyholders also receive access to telemedicine consultations, the company’s 24/7 nurse line.
A drug discount program for prescription medications, vision discounts through “EyeMed,” and discounts on hearing tests and hearing aids.
You also get a discount for Jenny Craig and access to the “MyHumana” app to review your claims. There’s also a meal delivery program for members returning home from a hospital stay.
Humana has stringent policies regarding pre-existing conditions.
The company may deny you coverage outside the open enrollment period if you suffer from conditions like dementia, HIV infection, heart disease, uncontrolled diabetes, and others.
Plan N also doesn’t cover the Part B deductible of $226 for 2023.
Humana Medicare Supplement Plan N – Monthly Premiums
Humana has higher-than-average premium costs in most states, mainly due to the additional perks that come with signing up for a Medigap policy.
Humana offers preferred pricing for signing up for Plan N during the open enrollment period. Enrolling after this date may increase premiums by up to 15%.
Humana offers Plan N at average pricing rates in Atlanta but is more expensive than average in Los Angeles.
Here’s the average cost of a Plan Policy with Humana for a 65-year-old nonsmoking woman.
- Atlanta: $113.
- Los Angeles: $174.
You can receive a 6% discount when enrolling in Plan N online, and Humana also offers household discounts.
Members signing up for applicants in most states can qualify for a 6% discount for applying online.
You also get a $2 discount on your monthly premium if you set up automatic recurring payments for your premiums through your bank account.
Humana Medicare Supplement Plan N – Customer and Industry Reviews
Humana spends 80.3% of the premiums it collects on member benefits, which is well above the 60% industry minimum.
The National Association of Insurance Commissioners (NAIC) states Humana receives approximately 31% more complaints than the industry average regarding its policies, with the bulk of complaints involving the higher premiums it charges members.
The Better Business Bureau (BBB) gives Humana an A+ rating, and the company scored 77 out of 100 on the ACSI health insurance satisfaction benchmark in 2022.
AM Best gives Humana an A- rating on its Financial Strength Index.
Humana Medicare Plan N vs Plan G
Plan N and Plan G are renowned for their benefits and coverage. Understanding the distinction between these two plans can help beneficiaries make the most informed decisions regarding their healthcare.
Medicare Supplement Plan G, often recommended for its broad coverage, is popular among Humana’s senior clients. This plan covers most Medicare Part A and Part B costs, including hospital stays, skilled nursing facility care, and outpatient services.
Notably, Humana Medicare Plan G provides coverage for Part B excess charges, which are the additional costs a doctor may charge over Medicare’s approved amount. This key feature can save beneficiaries from unexpected out-of-pocket costs.
In contrast, Humana’s Medicare Supplement Plan N, recognized for its lower premiums, may appeal to beneficiaries seeking cost-effective solutions. While offering similar coverage to Plan G, Plan N does not cover Part B excess charges.
This means that under Plan N, beneficiaries might need to pay out-of-pocket if their healthcare provider charges more than Medicare’s standard rates. Plan N also includes a small copayment for doctor’s office visits and emergency room trips, making it a slightly less comprehensive but more affordable option than Plan G.
Both Humana Plan N and Plan G offer foreign travel emergency healthcare coverage, a critical feature for retirees who love to travel. Moreover, these plans extend nationwide coverage, giving beneficiaries the freedom to choose healthcare providers across the country who accept Medicare.
In essence, the choice between Humana’s Plan N and Plan G largely depends on an individual’s healthcare needs and budget. Plan G offers greater coverage with higher premiums, ideal for those who prioritize comprehensive healthcare protection.
Conversely, Plan G may be more appealing for beneficiaries looking for a balance between cost and coverage. Before making a decision, it’s recommended to evaluate your healthcare needs, lifestyle, and budget carefully, and consult with a licensed insurance professional if necessary.
Frequently Asked Questions
- What is Humana Medicare Supplement Plan N?
Humana Medicare Supplement Plan N is a health insurance plan offered by Humana that provides additional coverage to fill the gaps in Original Medicare (Part A and Part B).
- What does Humana Medicare Supplement Plan N cover?
Humana Medicare Supplement Plan N covers Medicare Part A coinsurance and hospital costs, Part A hospice care coinsurance or copayment, Part B coinsurance or copayment (excluding a Part B deductible), blood (first three pints), skilled nursing facility care coinsurance, and foreign travel emergency coverage.
- How much does Humana Medicare Supplement Plan N cost?
The cost of Humana Medicare Supplement Plan N can vary depending on factors such as your age, location, and health status.
- Can I see any doctor or specialist with Humana Medicare Supplement Plan N?
Yes, with Humana Medicare Supplement Plan N, you have the freedom to choose any doctor or specialist who accepts Medicare patients.
Does Humana Medicare Supplement Plan N have a network of providers?
No, Humana Medicare Supplement Plan N does not have a network of providers.
- Are prescription drugs covered under Humana Medicare Supplement Plan N?
No, Humana Medicare Supplement Plan N does not cover prescription drugs.
- Can I switch to Humana Medicare Supplement Plan N from another Medicare Supplement plan?
Yes, in most cases, you can switch to Humana Medicare Supplement Plan N from another Medicare Supplement plan.
- Is there a waiting period for pre-existing conditions with Humana Medicare Supplement Plan N?
If you enroll in Humana Medicare Supplement Plan N during your open enrollment period or have guaranteed issue rights, there is no waiting period for pre-existing conditions.
- Can I get dental or vision coverage with Humana Medicare Supplement Plan N?
No, Humana Medicare Supplement Plan N does not include dental or vision coverage. You may need to consider separate dental and vision insurance plans to have coverage for these services.
- How do I enroll in Humana Medicare Supplement Plan N?
To enroll in Humana Medicare Supplement Plan N, you can contact us.
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Updated December 4th, 2022