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2020 – 2021 Medicare Minnesota

Are you a Minnesota resident approaching their 65th birthday? If so, there’s never been a better time to learn how Medicare will support your ongoing health care.

Any change to your health coverage can be daunting – especially when you’ve been happily covered all your life, but, truth is, Medicare is here to make things easy, and save you some extra dollars along the way.

The most important thing for you to do before you turn 65 is to prepare. So, you need to take some time to learn about Medicare in between your parties and birthday cake!

Knowing the ins and outs of Medicare and exactly when you need to apply can protect you from avoidable charges further down the line. Medicare isn’t as complicated as it might seem, and with our experts by your side, we’ll find a plan to match your needs and budget.

Read on as our experts explore options regarding Medicare Supplement Insurance and Medicare Advantage plans in Minnesota.

Overview of Medicare in Minnesota

  • Minnesota is home to 1,017,789 Medicare beneficiaries.
  • 447,910 beneficiaries are enrolled in Original Medicare.
  • 569,888 beneficiaries are enrolled in Medicare Advantage.
  • More than 752,000 Medicare beneficiaries in Minnesota elected to have Medicare Part D prescription drug coverage either from stand-alone Medicare Prescription Drug Plans or from Medicare Advantage Prescription Drug plans.

Medicare Supplement Insurance in Minnesota

Original Medicare is made up of two parts: Medicare Part A and Medicare Part B. Original Medicare provides coverage for and access to doctors, hospitals, or other health care providers.

No premium is usually required for Medicare Part A, but Medicare Part B comes with a standard monthly premium.

Those who opt for Original Medicare can improve coverage further by obtaining Medicare Supplemental plans. Medicare Supplement plans (Medigap) cover a portion of the out-of-pocket costs not covered by Original Medicare, including deductibles, copayments, coinsurance, and other costs.

There are two types of Medicare Supplement plans available in Minnesota: a Basic plan and an Extended Basic plan.

Both cover a set of essential benefits:

  • Coinsurance for Part A and Part B
  • 3 pints of blood per year
  • Some hospice and home health services
  • 20% for outpatient mental healthcare
  • 20% for physical therapy
  • Flu shots and immunizations
  • Screenings for cancer
  • Diabetes-related equipment

Basic Medigap Plan in Minnesota

The Basic plan is the cheaper option that covers everything above, and 100 days of skilled nursing facility care. No matter which Medigap plan you choose or which provider you choose, these minimum benefits are guaranteed.

Extended Basic Medigap Plan in Minnesota

The Minnesota Extended Basic plan includes all the same benefits as the Basic plan as well as some additional benefits. The Extended plan is particularly well suited to individuals who want their Part A hospital and Part B outpatient deductibles covered.

Medigap Benefits Infographic

Additionally, the Extended Basic plan also covers 20 extra days in a skilled nursing facility, and the 80% coverage for usual and customary fees and 80% coverage in a foreign country turns to 100% coverage once you spend $1,000 in out-of-pocket cost!

Prices for the Extended Basic Plan in Minnesota vary among carriers, so getting advice from a licensed agent is the best way to get coverage to match your needs and save money.

Riders That Can be Added to Minnesota Medicare Supplement

On top of the coverage detailed above, insurance companies offer four additional riders to plans to improve coverage. These riders can be added to your Basic plan to complement your coverage and tailor it to your needs.

These riders are available at an additional price, and you can choose any or all of these riders to design a policy that meets your needs:

  • Part A deductible coverage – this is the inpatient hospital deductible
  • Part B deductible coverage
  • Coverage of usual and customary fees
  • Coverage of non-Medicare preventive care

Medicare Advantage in Minnesota

Medicare Advantage includes the same coverage as Original Medicare, but, in addition, may cover other services, such as vision and dental services. Some Medicare Advantage plans also include prescription drug coverage (Part D) as part of the plan.

Medicare Advantage plans are offered through private insurance companies that have a contract with Medicare. The benefits and costs of the plans vary by company and fluctuate between different Minnesota counties.

Minnesota Medicare Advantage with Prescription Drug Coverage

Unlike Original Medicare, prescription coverage is available directly through a Medicare Advantage Prescription Drug plan.

If this is your preference, you’ll get your Medicare Part A, Part B, and Part D coverage all under a single plan.

Before enrolling, it’s advised to check that your prescription medications are included in the list covered by the plan. Covered prescriptions vary from plan to plan, so it’s important to double-check.

Comparing Minnesota Medicare Advantage Plans

While the Medicare Advantage Plans may be similar in their coverage, the premium costs vary depending on the county you live in and other factors. That means the best Medicare Advantage Plan for you might be entirely different from someone else in Minnesota.

If you are considering enrolling in a Medicare Advantage Plan, take the time to compare and evaluate the different options available.

Minnesota Medicare FAQ

Can I Enroll in Medigap Plan G in Minnesota?

No. Minnesota has unique Medigap plans: Basic plan and Extended Basic plan, therefore Plan G isn’t possible, but you can customize your plan to be similar to Plan G.

How Much Do Medicare Supplement Plans Cost in Minnesota?

The cost of Minnesota Medicare Supplements varies by person, carrier, plan type, and riders. Get a free quote to find out what you can expect.

How Many Riders Can I Add to my Minnesota Basic Plan?

Insurers have four riders that you can add to your Basic Plan. However, the Part B deductible rider is only available to certain beneficiaries.

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