West Virginia Medicare supplement plans are available from several insurance companies, including major carriers like Anthem, Blue Cross Blue Shield, and United Healthcare. When shopping for a Medicare supplement, be sure to get quotes from all carriers, though, because your state offers quite a few smaller carriers that, nonetheless, have A ratings.
Medicare Supplements in West Virginia include the ten standardized plans available in so many other states. Choosing a Medicare supplement involves comparing quotes from dozens of carriers. Fortunately, at Boomer Benefits, we make that process easy for you by providing you a side by side comparison of both current rates and also rate histories, which can be important in choosing a company with reasonable annual rate increases that won’t break your bank.
If you are under 65 on Medicare in West Virginia, you will find that Medigap companies do not have to offer plans to you. If they do choose to do so, they can charge significantly higher rates, which makes Medicare Advantage plans in West Virginia a great solution until you reach age 65. More on that below.
West Virginia Medigap Plan F & Plan G
Medigap Plan F and Plan G are the two most comprehensive Medigap plans in West Virginia. After January 1, 2020, Plan F will only be available to people who turned 65 in 2019 or earlier. The only difference between Plan F and Plan G is that Plan F covers the Part B annual deductible, while Plan G does not.
With Plan G, you pay your own Part B deductible, then it functions just like Plan F, for the rest of the year. Plan G will cover your doctor visit coinsurance and copays, your durable medical equipment coinsurance, your lab work, and so much more. Plan G even includes a foreign travel emergency benefit.
West Virginia Medicare Advantage
Some Medicare beneficiaries prefer a private healthcare plan with lower premiums upfront, but more pay-as-you-go expenses on the back end. If this sounds like you, then you might consider a private Medicare HMO or PPO.
Medicare Advantage plans in West Virginia are available from several providers. Keep in mind that though these plans are cheaper, you will need to use the plan’s network. Our agency can search the provider directory before you enroll to make sure you choose a plan that your doctors will accept.
Medicare Advantage plans are very different from Medigap plans. For example, Medicare Advantage plans have doctor networks, copays and coinsurance as you use the plan, low to no premiums, built-in Part D usually, and extra benefits. Medigap plans have no network, little to no copays on the backend, moderate to high premiums, no built-in Part D, and little to no extra benefits.
Medicare Part D
Part D is the drug coverage part of Medicare. Without a Part D plan, you wouldn’t have any drug benefits. You can enroll in either a stand-alone Part D plan or a Medicare Advantage plan that has a Part D plan included. No Medigap plan has drug benefits. Therefore, if you enroll in a Medigap plan, you will need a stand-alone Part D plan to go along with it.
Common Questions About West Virginia Medicare:
Here are some of the most common Medicare Supplement questions we get from our West Virginia clients.
No. They are 100% optional. However, without a Medicare plan like a Medicare Supplement, you would be responsible for 100% of your Part A and Part B cost-sharing expenses.
Yes. Medicare Supplement plans do not cover prescription drugs, so you’ll need a Part D plan for that coverage. On the other hand, if you have a Medicare Advantage plan, you likely won’t need a Part D plan because most Medicare Advantage plans include a Part D plan.
The best time to apply for a Medicare Supplement plan in West Virginia is during your 6 month Medicare Supplement Open Enrollment that starts on your Part B effective date. During this window, you won’t have to answer any health questions.
Most states have about twenty Part D plans available, so finding one that fits all or most of your medication needs should be easy. However, if you have your Medigap plan through Boomer Benefits, you don’t have to figure out which Part D plan in your area is the most cost-effective. Medigap policyholders at Boomer Benefits have access to our free Part D analysis service. We will also be here to service your plan when and if you ever need us. Call us today to find out how to become a client.