There are two main types of Medicare plans in Mississippi. Mississippi offers Medicare Supplement plans and Medicare Advantage plans. Medicare Supplement plans are also known as Medigap plans since they fill the gaps in Medicare.
Both types of plans are popular in Mississippi, and we will discuss each below.
Medicare Advantage Plans in Mississippi
In recent years, the popularity of Medicare Advantage plans in Mississippi has been growing. Nationwide, over 30% of all Medicare beneficiaries enroll in Medicare Advantage plans. These plans are also sometimes called Part C of Medicare.
Medicare Advantage Plans in Mississippi are private health insurance plans that pay your bills instead of Medicare. You join a plan and agree to use that plan’s network of providers. Usually, that network will exist in a few counties around your residential area.
The two most common plan types are Medicare Advantage HMO plans and Medicare Advantage PPO plans. HMO plans have smaller networks, and you must use providers in the network except in emergencies. PPO plans have larger networks and provide more flexibility. You can see doctors outside the network, but you will pay a higher cost to do so.
Most Medicare Advantage plans in Mississippi include prescription drug coverage. There is no need to enroll in any standalone Part D drug plan if your plans includes it. Medicare Advantage plans in Mississippi generally cover all of your Part A, B, and D benefits. When you access these services, you will pay a copay for your care. Each plan has a Summary of Benefits, which outlines the costs that you can expect to pay.
Some Medicare Advantage plans include ancillary benefits such as vision exams or gym memberships. If you don’t like the idea of network restrictions or paying copays here and there, then you might consider a Medicare supplement in Mississippi.
Mississippi Medicare Supplements (Medigap)
Medicare supplements pay after Medicare to help you cover things like deductibles and coinsurance. Medicare has standardized the benefits allowed under each supplement. All Medicare supplements include a certain set of benefits. You can select the plan that offers the specific coverage that best suits you.
For example, if you want to enroll in a Mississippi Medicare Supplement Plan G, you can shop different carriers for the best price. The benefits will be exactly the same no matter which company you buy your Medicare Supplement Plan G policy from.
In 2019, there are 10 Medigap plans available plus one high-deductible option. After 2020, there will only be 8 Medigap plans available plus one high-deductible option to new Medicare enrollees. Any plan that covers the Part B deductible will no longer be able to be sold to new Medicare enrollees.
Mississippi Medicare Supplement Open Enrollment
The best time to enroll in a Medigap plan is during your Medigap open enrollment window. Your open enrollment window begins when you first turn 65 or upon the effective date for your Medicare Part B. You can apply for any Medicare supplement you want during this window. The insurance company cannot turn you down for health reasons.
For example, if your Part B is effective June 1, 2020, then your Medigap open enrollment is from June 1, 2020, to November 30, 2020.
If you are under age 65, and on Medicare early due to a disability or health condition, the open enrollment window also applies. You will have six months from your Part B effective date to enroll without health questions. You will also get a 2nd open enrollment window when you turn 65.
This is important because Medicare supplements for people on disability are generally priced considerably higher than supplements for people age 65 and older. That 2nd open enrollment window is a chance to lower your premiums.
Common Questions About Mississippi Medicare:
Here are the frequently asked questions we get about Medicare Supplements in Mississippi.
No. Medicare Supplements do not cover prescription drugs in any state. You will need a Part D plan for prescription drug coverage.
You can apply for a Medicare Supplement at anytime in Mississippi. However, unless you are in your Medigap Open Enrollment window, you will likely have to answer health questions.
It depends on your age, gender, zip code, tobacco usage, carrier, plan, and more. We can help you compare 30+ carriers and find the top 3-5 most cost-effective Medigap plans in your area.
Medicare Plans in Mississippi Quote Comparisons
At Boomer Benefits, we represent 30+ carriers around the country. We can compare each carrier that we represent in Mississippi and find the top most cost-effective plan for you. Also, we can give you critical information that is important in deciding which company to purchase your policy from.
You’ll want to know which Mississippi Medicare supplement companies have the most stable history of low rate increases. We’ll also provide financial ratings of A or at least B+.
Rather than calling all those different insurance Medicare supplement carriers, you can simply call our agency. We can provide quotes and information in a format that makes it easy to read and compare.
Furthermore, if you purchase it through our independent agency, you will pay exactly the same rate as if you had purchased it directly. The benefit to you is on the back end. When denied claims or problems occur, you can call our agency and speak to people you know and trust. No calling a huge call center where a customer service rep puts you on hold 18 times!
Get help today with shopping Medicare plans in Mississippi. Contact our agency by phone or by using the link below to get all the quotes and information you need to make an informed decision.