Best Medicare Plans in Alaska
If you are 65 years old or are going to be turning 65 soon, then it’s time to start looking into your plan options for Medicare plans in Alaska. Most people first become eligible for Medicare coverage through Medicare Part A and Medicare Part B when they are 65, although individuals who have been eligible for Social Security disability benefits for at least 24 months or who have end-stage renal disease are also Medicare eligible. If any of these things apply to you, then it’s time to start looking into Medicare plans in Alaska.
Overview of Medicare in Alaska
First of all, you should know what is included in Original Medicare. Medicare Part A is hospital insurance, and it’s designed to provide coverage for when you’re an inpatient at the hospital. Most Alaska beneficiaries do not have to pay a premium for Medicare Part A.
Medicare Part B is the medical insurance part of Original Medicare. There is a Medicare Part B premium that has to be paid for this coverage. When you read a complete description of benefits for this U.S. government health plan, you’ll probably see that Medicare enrollment is well worth the modest premium. Medicare Part B can help with out-of-pocket costs for Alaska residents when they visit their health care providers.
Enrollment Statistics for Medicare in Alaska
If you’re interested in learning a little more about enrollment in the federal Medicare program among residents from the State of Alaska, check out these interesting facts.
- There were 94,737 Medicare beneficiaries in Alaska in 2018.
- There were 747 Medicare Advantage beneficiaries in Alaska in 2018. These individuals purchased replacement health insurance plans/private fee for service plans from private insurance companies.
- Many Alaskan Medicare recipients signed up for Medicare Supplement insurance through an insurance agency to help with copays and other costs.
- Alaska is the only state that has less than 100,000 Medicare beneficiaries, but it’s also the state with the third-lowest population in the country.
Best Types of Medicare Plans in Alaska
Original Medicare insurance does provide benefits and coverage for beneficiaries in Alaska. However, many Alaska beneficiaries find that signing up for a Supplement or a Medicare Advantage plan is ideal for them.
These are your options for Medicare in Alaska, in addition to simply signing up for Original Medicare insurance. As a Medicare beneficiary, you will probably want to compare the different types of Medicare plans in Alaska so that you can choose the plan that is best for you.
- Medicare Supplement Plans In Alaska – Also commonly known as Medigap plans, this type of Alaska Medicare insurance works as a supplemental policy that works along with Medicare Part A and B. There are 10 different plans with different monthly premiums that you can choose from, and each plan is the same from insurance company to insurance company. These plans are designed to help with deductibles, copayments and coinsurance. Looking at a Medicare Supplement plans comparison chart will help you understand the difference between the plans, and getting Medicare Supplement plan quotes can help you find a plan that you can afford.
- Medicare Advantage Plans – Medicare Advantage plans (Medicare Part C) are a good alternative for your Alaska Medicare benefits. These are often HMO or PPO plans with network restrictions. Sometimes, vision, health and dental care is included with these plans. Some plans also include Medicare Part D prescription drug plans.
- Medicare Prescription Drug Plans – Part D – Your Alaska Medicare benefits do not include prescription drug coverage. If you purchase a Supplement, it will not include this coverage, either. If you don’t have a Medicare Advantage plan that includes prescription drug coverage, you’ll need to purchase a stand-alone plan for coverage for prescription medications. If you don’t sign up for Medicare Part D as soon as you’re enrolled in Original Medicare Part A and Part B, then you could face a Medicare Part D late enrollment penalty later.
- Special Needs Plans (SNPs) – Special Needs Plans are a type of Medicare Advantage plan that are designed for people with certain serious health conditions, such as end-stage renal disease.
Alaska Medicare Resources
For more information about Medicare in Alaska, check out these resources. You can learn more about Medicare in Alaska and your Alaska Medicare insurance options. You may also be able to get some financial help with your healthcare with some of these resources, particularly if you are a low-income individual.
- CMS: Centers for Medicare and Medicaid Services
- Help with Medicare Costs
- Alaska SHIP
In addition to using the resources above to learn more about Medicare in Alaska, you can also use our handy website or give us a call. Our licensed insurance agents are experienced when it comes to Medicare in Alaska and can help you compare plans and rates during or after your Medicare Initial Enrollment Period. Then, you can make sure that you’re signing up for the best plan with the best rates.