Rhode Island Medicare plans are offered by several reputable insurance companies. Let Boomer Benefits help you with comparing rates from 30+ carriers so you can choose one that is affordable with high ratings.
Rhode Island Medigap plans
Medigap plans in Rhode Island follow the national standardized plan outlines. For people over age 65, there are 10 options available. For people under age 65 who qualify for Medicare due to disability, insurance companies must all offer at least Medigap Plan A for you. Your policy will not have any pre-existing condition exclusions or limitations.
Most people enroll in Medigap during their open enrollment window. This period lasts for 6 months after your Part B effective date. During this time, you can choose any plan you like. Your application cannot be denied for any health conditions. If you miss this window, you can still apply, but insurance companies will then ask for a medical history and can turn you down if they feel your health conditions pose too much risk to them.
Popular Rhode Island Medigap plans
The Medicare supplement Plan F is quite popular around the nation because it covers all of the expenses which normally Medicare would require you to pay. Considering that even the hospital deductible is over $1600, Plan F can provide a lot of peace of mind.
However, Plan F will no longer be offered to those who become Medicare eligible in 2020 and after. Anyone who has Plan F prior to 2020 will get to keep it for the future though.
Many insurance companies also offer Plan G and Plan N in Rhode Island. Plan N has lower premiums, but you pay doctor copays and your Part B deductible. You also would pay excess charges, but state law in Rhode Island prohibits doctors from charging you excess charges. You would not need to worry about these excess charges unless you seek treatment out of state.
Plan G covers everything Plan F does except for the Part B annual outpatient deductible. Usually, the premiums for Plan G are much lower than Plan F, making Plan G the more cost-effective option for more beneficiaries.
Rhode Island Medicare Advantage plans
Medicare Advantage plans are another option Rhode Island residents have for lowering out-of-pocket expenses with Medicare. When you have a Medicare Advantage or Medigap plan, you still pay your Part B premium. However, with one of these plans, you are better protected from spending too much out-of-pocket in a given year.
Medicare Advantage plans offer a lower premium than Medigap plans, but more copays and coinsurance on the backend. Medicare Advantage plans are a cost-effective option if you don’t go to the doctor too much and rarely use your plan.
Medicare Advantage plans usually include a Part D plan too. This is a great added benefit of Medicare Advantage because Medigap doesn’t include drug coverage. If you choose Medigap, you will also need to enroll in a Part D plan separately.
Common Questions About Rhode Island Medicare:
These are some frequently asked questions our team gets about Medicare Supplement plans in Rhode Island.
All Medigap plans are available in Rhode Island, however, the plans available to you will depend on your zip code and the carriers in your area.
Rhode Island tends to have higher Medicare Supplement premiums than most other states. However, Medicare Supplement premiums are based on your age, gender, zip code, plan, carrier, and more, so everyone’s premiums are different.
You can actually apply for a Medicare Supplement plan anytime during the year. However, there is usually only one time when you can apply and skip the health questions. This is during your one-time 6 month Medigap Open Enrollment window.
Ask your agent to explain the difference so you can see which plan could net you some annual savings. Our team of Medicare experts here at Boomer Benefits are standing by and ready to help you. Contact us today to discuss Medicare plans in Rhode Island that might work for you.