A Quick Guide to Cigna Medigap Plan N

Is Medicare Part & B covering all your medical expenses?

If you’re like most Americans with these health insurance policies, you probably find yourself having to fork over money out-of-pocket for a significant portion of your medical expenses.

If that’s the case for you, consider enrolling in Cigna Medigap Plan N. Plan N offers a way to mitigate these expenses by taking supplemental insurance coverage to handle these costs.

Medigap Plans come in different options to help you select the right level of cover to meet your requirements.

Plan N is one of the more popular versions of Medigap due to its fairly comprehensive level of cover.

Apart from Plan F (which isn’t available to new Medicare members enrolling after January 1, 2020), and Plan G, Plan N gives you excellent coverage at an affordable rate.

This quick guide to Medigap Plan N by Cigna gives you an understanding of how it works and how you can benefit from becoming a beneficiary.

If you have trouble understanding how Medigap Plans work, speak to the experts. Our team has extensive knowledge of how Medigap Plan N works.

We’ll source you the best rate on premiums from providers in your state and ensure you get the coverage you need.

Reach out to us at 1-888-891-0229 or fill out the contact form on this site.

We’ll have a Medigap professional get back to you to discuss your healthcare requirements and your budget.

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Cigna offers three of the most popular Medigap Plans, including Plan F, G, and N.

However, Plan F is only available for people that qualified for Original Medicare before January 1, 2020.

While Cigna operates in 48 states, it seems to have below-average ratings for customer service and higher-than-average premium rates for Plan N.

Cigna operates differently in Minnesota and Wisconsin than it does in other states. Both Minnesota and Wisconsin require a different structuring of Medigap plans, according to Federal guidelines.

Cigna uses an “attained age rating” for its premium analysis, meaning your premiums are set by age and increase as you get older.

Cigna offers four different Plan N options in Minnesota:

• Basic,
• Extended,
• High Deductible,
• and Copay.

The premiums for these plans can range from $63 per month to $248 per month, depending on the option.

According to market data, Cigna spends around 80.5% of the premiums it collects on member benefits.

Cigna Medicare Supplement Plan N – Benefits and Coverage

Medigap Plan N offers you a good amount of coverage for your out-of-pocket medical expenses.

Plan N is the ideal choice for retirees and seniors who don’t visit the doctor often and don’t require many trips to the hospital.

Plan N differs from Plan G in the coinsurance and copayment requirements issued to medical providers.

You must cover the excess when visiting medical professionals charging over the Medicare-approved amount for consultations.

With Plan N, like Plan G, you’ll have to make copayments on trips to the doctor’s office and hospital within a 20% limit until you meet your Part A deductible of $1,600 for 2023.

Trips to the hospital require a $50 copayment unless you’re admitted on arrival.

However, many of the benefits remain the same when compared to Plan G. Here’s an overview of the coverage you get with Plan N.

• Medicare Part A deductible.
• Medicare Part A coinsurance and hospital costs.
• Hospice care.
• Medicare Part B coinsurance and copayment for doctor visits and outpatient services.
• The first three pints of blood in transfusions.
• Skilled nursing facility care coinsurance.
• Up to 80% of medical costs incurred during foreign travel, provided you meet the $250 deductible.

Medigap Plan N doesn’t cover the excess charges sustained in Original Medicare Part B.

So, if your doctor charges more than the Medicare-approved amount, you’ll have to settle the additional fee.

However, you can avoid incurring these excess charges by visiting medical professionals who charge Medicare-approved rates.

Cigna Medicare Supplement Plan N – Monthly Premiums

Cigna charges different premiums for customers based on several factors, including:

• your location in the United States,
• your age,
• smoking status,
• and gender.

Since private medical insurers offering Medicare Plan G can choose to set the premium for their customers, you’ll find differences in pricing state-by-state.

What you pay for Cigna Plan N in one state might be more or less expensive in another.

That’s why it pays to have a broker assist you with finding the best premium rates in your state.

Don’t assume that you’re getting a flat rate anywhere in the country. Your age also makes a difference in your premium prices, with most premiums being more expensive for older people.

Men usually pay higher premiums than women since they present a higher risk to insurance.

On average, the Plan N premiums charged by Cigna were approximately 45% higher than other providers across all states in America.

Members in Atlanta play an average premium rate, while Dallas is below the national average, and members in Los Angeles pay more.

Here are the average rates for a Plan N policy from Cigna for a 65-year-old female nonsmoker in these cities.

• Atlanta: $165.99.
• Los Angeles: $112.55
• Dallas: $73.74.

These figures are just an average, and your rate might be higher or lower. In most states, Cigna offers new members a 5% discount for applying online.

Cigna Medicare Supplement Plan N – Customer and Industry Reviews

According to data from the National Association of Insurance Commissioners, Cigna, and its subsidiaries receive 15% fewer customer complaints than the industry average.

The company has an A rating from the AM Best Financial Strength Rating, and the Better Business Bureau gives Cigna a rating of A-.