If you live in Alabama and are aged 65 (or soon will be), your Medicare coverage options may be weighing on your mind.
Medicare is a health insurance program for senior Americans that helps cover the growing number of healthcare expenses. Although enrollment is simple, Medicare is much more than a single plan; the program comprises multiple parts that can be pieced together to form a completely personalized plan.
It takes time to understand all the different components, so learning about them is wise to ensure you choose the best Medicare plan in Alabama for you.
The sooner you decide, the sooner you can start enjoying Medicare, and avoid the fees that come with delayed enrollment. Remember, you’ve been paying into your Medicare fund your entire working life – it’s time for you to start feeling the benefits.
The switch to a new healthcare system might seem daunting, but Medicare is here to save you money. Read on as our experts explore Medicare Supplement Insurance and Medicare Advantage plans in Alabama.
Plan holders can improve Original Medicare coverage with Medicare Supplement plans (also known as Medigap plans) which cover a portion of the out-of-pocket costs, including deductibles, copayments, coinsurance, and other costs.
Medigap plans can be acquired at any time of the year, but an insurer cannot decline you for coverage for health reasons during the one-time enrollment period. This enrollment window begins when your Medicare Part B is effective and lasts for six months.
In Alabama, Medicare Supplement Plan F is the most popular of the eleven different plans available. The plan’s popularity is attributed to its extensive coverage that includes all the deductibles and coinsurance.
As of January 1, 2020, Medigap Plan F is unavailable to new Medicare enrollees. The plan will only remain available to Medicare enrollees born in 1954 or earlier.
Because Medigap Plan F is no longer offered to every Medicare enrollee, Plan G is now the most comprehensive Medigap plan, offering all the same coverage as Plan F except for the Part B deductible.
The plan’s extensive coverage does come with a higher monthly premium, but the subsequent lower out-of-pocket costs can make the plan the best choice for certain individuals.
Learn about the differences between Plan F and Plan G coverage and premiums here.
Unlike many other states, health insurance providers in Alabama are not required to offer open enrollment on supplement plans to people under 65.
This means individuals will have to pass medical health underwriting to be eligible. Since Medicare beneficiaries under 65 have a disability, they are unlikely to pass health questions. Therefore, it’s recommended that this demographic consider Medicare Advantage policies for the time being.
Medicare Advantage plans are an alternative to Original Medicare with supplemental coverage. Medicare Advantage combines Original Medicare, supplemental coverage, and prescription drug plans into an easy, single package.
Additionally, Medicare Advantage plans include other services, such as vision and dental. The premiums are comparable to supplemental coverage under an Original Medicare plan, but you get all the same coverage through a single plan.
The benefits and costs of the plans vary by company and fluctuate between different Alabama counties.
Unlike with Original Medicare, Medicare beneficiaries can get prescription coverage directly through a Medicare Advantage Prescription Drug plan.
With this plan, you can enjoy Medicare Part A, Part B, and Part D coverage under a single plan. Before enrolling, check that your prescription is covered; covered prescription medication varies from plan to plan, so it’s important to double-check.
In Alabama, 14 private insurance companies offer Medicare Advantage plans, including Humana Insurance Company, Blue Cross and Blue Shield of Alabama, Arcadian Health Plan, UnitedHealthcare of Alabama, Cigna, and Anthem.
While the coverage might be similar, the premiums vary depending on many factors, including what county you live in. As such, the best Medicare Advantage Plan for you might be completely different from someone else in Alabama.
If you are considering enrolling in a Medicare Advantage Plan, take the time to compare and evaluate the different options available.
So long as you meet the necessary income requirements for the Alabama Medicaid program, you can qualify for Medicaid and Medicare. To qualify for Medicare you must be at least aged 65 or received Social Security Disability Insurance (SSDI) for at least two years.
Alabama is amongst the many states that offer standardized Medigap plans. Alabama residents have a choice between Plan A, B, C, D, F, G, H, K, L, M, and N, but Plan F is only available to Medicare enrollees born in 1954 or earlier.
It is difficult to know how much Medigap plan premiums would be for you without running quotes in your area. The premiums are based on many factors that are personal to you: age, gender, zip code, carrier, tobacco use, and plan type.
If you have any questions about your Alabama Medicare options, speak to one of our licensed agents. Our dedicated team will help find a Medicare plan that works for you. Call us today at 1-844-236-0228