Finding Medicare Plans in Nevada
The first step to setting up your Nevada Medicare is to sign up for parts A and B. Most people are automatically enrolled in Part A (Hospitalization) if they have worked and paid taxes for 40 quarters. The second step is signing up for Medicare Part B (outpatient services). To do this you can go to the Social Security Administrations website and enroll. After that is complete, you now have two routed you can go to supplement your portion of the Medicare coinsurance (20%). Private insurance companies offer Medicare Advantage (Part C) plans as well as Medicare Supplement (Medigap) policies.
Medicare Advantage plans are a great way to supplement your portion of Medicare coinsurance. Most of the plans come with plenty of benefits. They will offer co-pays for services like specialty visits, rehab, and diagnostic services. Most will provide lower max out of pocket costs for their policy holders. A lot of Medicare Advantage plans will also come with a Part D Drug plan. The best part about Medicare Advantage products is that there are never any health questions to sign up. Every year you can change Medicare Advantage plans during the Annual Enrollment Period of October 15th- December 7th.
Medicare Supplement policies are another great way to go when choosing a Medigap policy to cover your 20% coinsurance. The biggest difference between the two choices is the health questions. Medicare Advantage never has health questions where Medicare Supplement plans will. Although there is an exception. For those who are turning 65, there is a six-month window starting on your effective date where you do not have to answer health questions to get into a Medicare Supplement policy. There are multiple Medicare plans in Nevada when you are choosing a supplement policy so it’s always a good idea to sit down and talk with an expert to figure out what is best for your situation.
Part D Drug Plan
Some Medicare products will come with a drug plan, so you do not have to worry about getting your own individual plan. Be sure to check with your broker on which policies offer this. If your plan does not come with Part D, then talk to your broker about signing up. The process is easy and only takes a few minutes to complete.
Choosing a Medicare policy can be tough and confusing at times. If you need help with your Nevada Medicare, then give us a call to schedule a meeting. We are a no charge service to help you understand what policy works best for you.