North Carolina Medicare plans are offered by a wide variety of insurance companies. Fortunately for residents, the 10 plans offered are those that have been outlined by the federal government. All North Carolina Medicare supplement companies who choose to sell these plans must ensure that the benefits in each plan match the federal mandate. This allows you to choose a plan with confidence, knowing exactly what you will get.
North Carolina Medicare Supplement Plans
People in North Carolina can choose the set of benefits that they like best. Each Medicare standardized supplement includes a specific set of benefits. You can choose a policy that covers just the very basics, like Medicare supplement Plan A.
You can also choose a richer plan such as a North Carolina Medicare Supplement Plan F, Medigap Plan covers not only the basics, but also the hospital and outpatient deductibles and excess charges and even foreign travel benefits.
To be eligible for North Carolina Medicare supplements, you must live in the plan’s service area. Since Medigap plans are secondary to Medicare, you must also be enrolled in Medicare Parts A and B. When a provider bills Medicare for your healthcare services, Medicare will pay its share. Then it will send the remainder on to your North Carolina Medicare supplement company so they can pay their share.
Medicare Under 65 in North Carolina
Currently the state legislature only requires Medicare supplement companies to offer Plans A and F to people under 65.
North Carolina Medigap plans can often be quite costly if you are on Medicare disability. This is because the insurance companies know that to qualify for Medicare early, you must have a health condition or injury. The insurance company assumes you will have more medical claims than someone who has qualified for Medicare just due to turning 65.
Also, people under age 65 on Medicare tend to have more claims, so the insurance companies incur higher losses. This drives the rate up. The Medicare supplemental plans in NC for people under 65 can quickly become unaffordable.
For this reason, a North Carolina Medicare Advantage plan might be a more affordable option. North Carolina Medicare Advantage plans have an annual enrollment period each year during which you can join one. To be eligible, you must have Medicare Part A and Part B and lives in the plan service area.
There is only one health question about End Stage Renal Disease (ESRD) on Medicare Advantage plan applications. As long as you do not have ESRD, you are eligible.
North Carolina Medicare Supplement Companies
Boomer Benefits works with over 30 of the best Medicare supplement insurance companies nationwide. Most of them offer plans in North Carolina. A few top carriers that you might consider would be Aetna Medicare Supplements, Cigna Medicare Supplements or Mutual of Omaha. All of these carriers have excellent financial ratings.
Our software provides quotes for these carriers, but it also can tell us the rate increase history. This is important in choosing a carrier because you want one with stable long-term rates. We’ll also review financial ratings. There are plenty of A-rated carriers to choose from in your state.
North Carolina Medicare Advantage Plans
Medigap plans give you the most comprehensive coverage. However not everyone can afford a Medigap plan. Fortunately there is an alternative with lower premiums called Medicare Advantage.
North Carolina Medicare Advantage plans are private plans that pay instead of Medicare. You will get your benefits from the insurance company instead of from Medicare. Your providers will bill the plan. Most plans have either an HMO or PPO network. You may need to choose a primary care doctor and see him first if you need a referral.
You can only join Medicare Advantage plan at certain times of the year. Once you join, you are generally locked in for the remainder of that calendar year. Be sure to check that your doctors are in the network before enrolling.
Some North Carolina Medicare Advantage plans will have small extras built in. This might include an eye exam or preventive dental benefits. These benefits can change from year to year so it’s always important to review your options every October.
Need Help with Choosing a North Carolina Supplemental policy
The great thing about Medicare is that there are supplemental plans for people of all ages and budgets. If you feel overwhelmed by your choices, we encourage to contact our agency for guidance from one of our licensed agents.
We specialize in Medicare products, and can walk you through your North Carolina Medicare supplement and Medicare Advantage plan choices in terms that are easier to understand than what you might find in your Medicare Handbook.