Medicare Supplement Reno
There are 75 million baby boomers getting closer to turning 65. At this age, you are now Medicare eligible. Reports show for the next twenty years, an average of 10,000 people each day will turn 65. This is usually the retirement phase of life. This also means there will be a lot of new Medicare Nevada policy owners. There are some requirements for being Medicare eligible. In short, you must have paid Medicare taxes and worked for 10 years under Medicare-covered employment. As long as you meet those, you can enroll in part A and B. You will also be eligible for a Medicare Supplement Reno plan. This plan goes along with your regular Medicare benefits. It allows the owner to fill in the gaps that part A and B do not cover.
If you are turning 65 in Nevada soon, you will have two main options for your continuing medical benefits. The first option would be a Medicare Supplement policy. The second would be a Medicare Advantage plan.
Supplement plans allow you to see a broad range of physicians in the United States. These plans also have the largest doctor lists. Any doctor that accepts original Medicare will also take your supplement plan coverage. Travelers generally favor supplement policies. This is because of having 100% medical care coverage, wherever they travel in the United States. Many well-known insurance companies offer Medicare Supplement Reno policies. This includes the AARP plans through United Health. Transamerica Premier Life Insurance Company provides supplement plans. We are also contracted with Anthem BlueCross and BlueShield. These plans let you go to any doctor and facility in America for the rest of your life. This is true as long as you stay enrolled. When compared to other Medicare options, they are the most flexible. These plans are available to anyone turning 65 and eligible for Medicare benefits.
There are many different Medicare Supplement Reno plans available. Each has a name that is a letter of the alphabet.
Common supplement plans include are titled A, B, C, D, F, and G. All the benefits for each one of the plans are the same. This is true regardless of the insurance company. For example, if you are looking at Plan F from AARP, the benefits are the same for a Plan F from Transamerica and Anthem as well.
Each one of the insurance companies offering supplement plans has to match the benefits set by the Federal Government. This is true for each one of the plan letters. Since the benefits are the same, it makes shopping them a lot easier. The plans will match, so the next step would be to compare the rates. There is also a comparison of the insurance companies NCQA (National Committee for Quality Assurance) rate. This is a committee that rates companies offering these plans and how well their coverage is. Our Brokerage can help with all these comparisons. We can explain the ins and outs of how well these companies provide service to their members.
Picking the right Medicare Supplement Reno plan can be an important decision. This is because insured members may be making a long-term choice. This is a choice they make at 65 that lasts for the rest of their lives. Medicare Supplement companies let members use any physician at any facility that accepts Medicare. Therefore, many people never make a change of insurance companies after they sign up at age 65.
You can choose different part D drug plans when enrolled in a supplement plan.
Supplement health plans do not cover most of the prescriptions delivered outside of the hospital. The insured member can select a customized separate prescription drug plan. You will be able to choose based on current medical needs. In addition, Medicare Supplement Reno members, regardless of the medical plan that they select, can change prescription drug plans annually.
Medicare Advantage Reno insurance companies will provide you with a specific doctor and hospital. Advantage companies provide their members with lists of “in-network” doctors and facilities. Members must use these doctors and facilities except in cases of an emergency. Otherwise, the company may not pay for the medical services. This plan may work for you if your doctor and hospital are on the Medicare Advantage Reno list.
Overall, these plans cost less than supplement plans.
The reason being is that advantage plans come with a smaller list of doctors and are more restricted. There are two major companies here in the Reno area. They are Prominence Health Plans and Senior Care Plus from Hometown Health. Advantage plans contract with competing hospitals and doctor offices. These are here locally, in the Reno/ Carson City area. Generally, Prominence Health Plans works with St. Mary’s and Northern Nevada Medical Center. Senior Care Plus works with facilities and doctors in the Renown network. Both plans contract with Carson Tahoe Regional Medical Center in Carson City.
Both Prominence and Senior Care Plus have prescription drug plan benefits. The drug benefits are part of the medical benefits. While investigating new plan options, it will be a good idea to review the current list of covered drugs. This is so you can make sure that your insurance company covers the drug you need.
The current list of drugs included with the Prominence Advantage plan can be viewed here.
Health Benefits Associates has 5 experienced Health Insurance Brokers. They are available to answer any question that you may have about all health insurance plans. We can also provide help with other forms of insurance. Most of all, we are of no charge for our clients to use. The monthly premiums are the exact same if you bought a plan for your own as well. A health insurance broker will help you compare the benefits and the rates for all of the options available. We are here year in and year out to help you. We can provide answers to your questions or comments about your health insurance needs.