Medicare Supplement Plans in Nevada provide comprehensive coverage of the gaps in Medicare. These plans pay after Medicare first pays its share. Depending on which plan you choose, you will generally have very little out-of-pocket. You may sometimes here Medicare supplements also referred to as Medigap plans.
Another type of Medicare plan in Nevada is Medicare Advantage. These plans work very differently than Medigap plans do, so it’s important that you don’t get them confused.
Nevada Medicare Supplement Plans in Nevada
There are 10 standardized Medicare supplements plans in Nevada. Each Nevada Medigap plan has a set of standardized benefits. This allows you to compare plans easily. For example, a Nevada Medicare Supplement Plan G has the same benefits no matter which insurance company you choose.
Most Nevada Medigap plans cover the 20% of outpatient expenses that Medicare doesn’t pay for. Several plans also cover your Part A deductible. Two plans cover the Part B deductible. However, that will no longer be allowed after 2020.
Starting January 1, 2020, no Medigap plan is allowed to cover the Part B deductible. Instead, the patient will be responsible for it. Because of this, Plan C, Plan F, and high-deductible Plan F will no longer be available after 2020. However, if you are eligible for Medicare before 2020, then you may still have these plans available to you for years to come.
Medicare supplement plans in Nevada and other states have an open enrollment period. This is a period when you can enroll in any Nevada Medicare supplement plan you choose. You will not have to answer any medical health questions unless you miss this period.
This period occurs when you first turn 65 or whenever you join Medicare Part B, whichever happens first. The open enrollment window continues for 6 months after the Part B effective date.
Enrolling in a Nevada Medicare Supplement during this time is easy. If you miss this window, you can still apply for coverage but must submit to medical underwriting. The insurance company can decline you based on health history.
Nevada Medicare Supplement Companies
Some of the best Medicare supplement companies on the market do business in Nevada. Our agency can provide quotes from over 30 carriers of Nevada Medigap plans. A few companies you might recognize are Aetna and Cigna. Both of these carriers have competitive rates in the Nevada Medigap plan market.
When shopping for Medicare supplements in Nevada, be sure to compare current prices and also the rate trends for each carrier. Choosing a company that had a strong history of low rate increases is wise.
Some Medicare beneficiaries like to consider all their options. If a Medicare supplement is too costly for you, then you might consider a Nevada Medicare Advantage plan. These plans typically have lower rates than Medigap plans.
Medicare Advantage Plans in Nevada
Medicare Advantage plans entered the marketplace in the 90’s. Congress created them as a way for you to get your Medicare Part A and B benefits from a private insurance company. You agree to use that plan’s network for your care, although PPO options will also give you some out of network benefits.
Medicare Advantage plans in Nevada can have very low premiums. However, unlike most Medigap plans, you will have copays for your services as you go along. You might spend $10 – $15 to see a primary care doctor. Specialists may cost more like $40 – $50 per visit. Higher copays often exist for other services, including hospital stays and surgeries. Be sure to carefully review the plan’s summary of benefits to see what you can expect to spend.
Medicare Advantage plans in Nevada come in several different formats. Medicare HMO plans require you to use the network for all care except emergencies. You will choose a primary care physician and see him first if you need a referral to a specialist.
Medicare PPO plans have more flexibility and may or may not require you to choose a primary care doctor. You can usually see any doctor in the network without a referral. If you need to treat outside the network, your cost-sharing will be higher.
In some states Medicare PFFS options and Special Needs Plans are also available. Our team of friendly licensed agents can help you review the options for Nevada Medicare Advantage plans in your area.
To see a video on the pros and cons of Medicare Advantage, head over to our YouTube Channel.
Common Questions About Nevada Medicare:
Here are some of the most common questions our team is asked about Medicare Supplements in Nevada.
Most Medicare Supplements in Nevada are attained-age rated. This means the premium can go up each year due to aging.
Yes. Medicare Supplements travel with you, so you can use them in states other than your home state as long as you see doctors who accept Medicare.
To find the “best” Medicare Supplement plan in Nevada, you should compare several insurance carriers by their rates, financial ratings, and average rate increases. Here are Boomer Benefits, we do this for 30+ carriers.
Compare Medicare Supplements Plans in Nevada
Our software helps us compare prices, financial ratings, and rate increase histories for each insurance company in your area. Based on that report, we will recommend the top 3-5 most cost-effective plans in your area.
Boomer Benefits works with many different Nevada Medicare plans – both supplement and Medicare Advantage plans. We can provide you a free cost comparison of Nevada Medicare plans to help you find the most affordable coverage that suits you.
Also, working with an agency likes ours that specializes in Medicare is free to you. The price you pay for your coverage is exactly the same as if you enrolled directly with an insurance company.
The benefit to you is that you have an agent to turn to with questions and concerns. If Medicare or an insurance company ever denies your claim, our Client Service Team is there to help you with appeals.
We can also walk you through the annual Part D drug plan analysis to ensure you always pay the lowest costs for your medications.
Contact our agency today to request your free comparison plan and quotes for Nevada Medicare supplement insurance.