Best Medicare Plans in Arkansas
Medicare in Arkansas is a very popular healthcare program. Generally, Medicare beneficiaries in Arkansas are 65 years of age or older. However, some individuals with disabilities are able to get enrolled in Original Medicare Part A and Part B sooner.
Overview of Medicare in Arkansas
If you’re going to be signing up for Medicare in Arkansas soon and are going to be entering your Medicare Initial Enrollment Period, or if you are already signed up but don’t know much about your coverage, learning more about Medicare in Arkansas is important. Hopefully, this short guide for Arkansas beneficiaries can help you out so that you can find the best Medicare plan that is right for you out of the health plans that are available. Then, you can save money when seeing your healthcare providers or when getting care in a nursing facility, even when your U.S. government benefits through Medicare Parts A and B don’t cover everything.
Enrollment Statistics for Medicare in Arkansas
If you’d like to learn more about Medicare in Arkansas, you might find these tidbits of information about Medicare coverage in your state to be pretty interesting:
- There were 646,094 Medicare beneficiaries in Arkansas in 2018, including those who were simply enrolled in Medicare Part A or Part B, those who were covered by Original Medicare and also had Medicare Supplement insurance and those who had Medicare Advantage.
- There were 143,714 Medicare Advantage beneficiaries in Arkansas in 2018.
- Many Arkansas beneficiaries of Medicare also sign up for Medicare Supplement plans for help with paying coinsurance, copayments, and deductibles. A separate premium must be paid for these plans on top of the Medicare Part B premium.
Best Types of Medicare Plans in Arkansas
If you are Medicare eligible Arkansas senior, you can simply enroll in Medicare Part A or Medicare Part A and B. This is what some Arkansas residents choose to do. However, you may find that your Arkansas Medicare benefits will still leave you with a lot of out-of-pocket expenses if you take this route. You can enhance your Arkansas Medicare benefits with one of these types of Arkansas Medicare insurance plans:
- Medicare Supplement Plans in Arkansas – Designed to supplement your Arkansas Medicare insurance through Part A and Part B, these plans are available in 10 different types. You can buy one of these plans through a private insurance company for affordable monthly premiums and use your Supplement to help cover what Medicare doesn’t cover. They are also known as Medigap plans.
- Medicare Advantage Plans – Instead of buying a Supplement, you can opt for Medicare Part C, which is a Medicare Advantage plan. This is designed to be a replacement for Original Medicare insurance. You might be subject to network restrictions since many of these plans are HMO or PPO plans. However, some plans — such as PFFS plans — don’t have network restrictions. One advantage of Part C is the fact that dental, hearing and vision coverage are often included. Medicare Part D is sometimes included, too.
- Medicare Prescription Drug Plans – Part D – Medicare Part D refers to the prescription drug plans that are available for Medicare recipients. Beneficiaries can save a lot of money on out-of-pocket costs for prescription medication with the help of Medicare Part D plans. Companies that sell Medicare plans in Arkansas sell these plans as stand-alone plans that can be purchased along with a Medicare Supplement or Medicare Advantage. You’ll need to compare rates to make sure you’re getting a good deal on your prescription drug coverage. Sign up as soon as you’re eligible to avoid the Medicare Part D late enrollment penalty.
- Special Needs Plans (SNPs) – Special Needs Plans are a special type of Medicare Advantage plan. These Medicare programs are designed specifically for people who have Original Medicare insurance and have certain chronic health conditions.
Arkansas Medicare Resources
If you’d like to learn more about Medicare in Arkansas, check out these helpful links:
- CMS: Centers for Medicare and Medicaid Services
- Senior Health Insurance Information Program for Arkansas
- Arkansas Medicaid
Choosing the best Medicare plans in Arkansas and getting signed up can be tough, and you might be hoping for a little bit of extra help. You can take a look at a Medicare Supplement plans comparison chart here on our website, or you can pull up Medicare Supplement plan quotes from top companies like Aetna, Cigna, and Mutual of Omaha. You can also give us a call if you’re interested in Medicare plans in Arkansas. One of our licensed insurance agents will help you compare plans and look for the best rates and benefits to help you as a Medicare beneficiary.