Applying for Medicare Plans in Nebraska is easy. In fact, with over 340,000 Medicare beneficiaries in the state, you have more options for your health insurance coverage during retirement than ever before.
Statistics on Medicare in Nebraska
About 18 percent of people in Nebraska qualify for Medicare. Of these, there are around 45,000 people enrolled in a Nebraska Medicare Advantage plan. The others may have a Medicare Supplement or some form of employer health coverage, or even just Medicare itself.
Because of the risks associated with not having supplemental insurance, beneficiaries need to learn all they can about their plan options. There are many affordable options in Nebraska. The first step is just to get educated about your plan choices.
Medicare Supplement Plans in Nebraska
The Medicare supplements in Nebraska are the same as most other states. Residents can choose from plans labeled A – N. There is also one high deductible option.
In recent years, Plans F, G, and N have been popular Medigap plans. Plan F provides full coverage of all the gaps in Part A and B. Essentially, this means that with a Nebraska Medicare supplement Plan F, you won’t pull out your wallet for any doctor visit, surgery, or hospital stay that is covered by Medicare. You won’t even owe a $5 doctor copay. Your Medicare supplement Plan F will pick up from day one.
Medicare Supplement Plan G provides slightly lesser coverage but will have lower premiums. The one thing that Plan F covers than Plan G does not is the Part B annual deductible. Plan N is a newer plan. It was introduced in 2010. With Plan N, you pay more of your own cost-sharing, but Plan N still picks up the big important items like your Part B coinsurance.
Our software here at Boomer Benefits can compare over 25 carriers in the state of Nebraska. We like to look at the most competitively priced companies who also have a history of stable rate increases. There are a lot of great insurance carriers in the state. You’ll find both well-known name brand carriers, as well as several smaller insurance carriers that, nonetheless, have great financial ratings and stability.
Medicare Under 65 in Nebraska
The state of Nebraska does not require Medicare supplement companies to offer plans to people under 65. You will rarely find them. However, Medicare Advantage plans still make a great option for both people under 65 and over 65.
Keep in mind that while you may need to join a Nebraska Medicare Advantage plan, for now, you will get a second open enrollment window when you turn 65. At that time, you’ll have six months to enroll in a Medicare supplement without health questions. Many people who are under 65 start out on Medicare Advantage plans and then transition to Medicare supplements later on.
Medicare Advantage Plans in Nebraska
Sometimes called Part C plans, Medicare Advantage plans in Nebraska must offer at least the same level of coverage as Medicare itself. This means all the same Part A and B services are covered. Medicare Advantage plans also often include Part D coverage. These private plans have local networks of providers. You agree to see these providers for your care, with some exceptions for out of network coverage on PPO plans.
Medicare Advantage plans may sometimes also include little extras like routine dental, vision, or hearing insurance. You will pay for services as you go along in the form of copays and coinsurance. Each Medicare Advantage plan has an out-of-pocket maximum to protect you.
Common Questions About Nebraska Medicare:
These are some of the most common questions we get about Medicare Supplement plans in Nebraska.
The best time to apply for a Medicare Supplement plan in Nebraska is during your one-time 6-month Open Enrollment window that starts the day your Part B is effective. During this time, you aren’t required to answer any health questions.
Nebraska insurance carriers are not required to offer Medigap plans to those under 65 years old. However, some insurance carriers may offer Medigap plans.
For most people under 65 with Medicare, a Medicare Advantage plan is usually more cost-effective because even if you can find a Medigap plan, the premium will likely be outrageous since you are under 65. Once you turn 65, you’ll have a second Medigap Open Enrollment Period that allows you to enroll in a Medigap plan without having to answer health questions.
Choosing a Medicare plan
Choosing a Nebraska Medicare plan can be a little overwhelming because of all the choices. If you need unbiased assistance from an agent licensed and appointed with most of the Medicare supplemental carriers in your area, give us a call. We can help.