Best Medicare Plans in Florida
We are here to help you understand Medicare in Florida. We also want to make it easy to sign up for the best Medicare plans in Florida so that you can save on co-pays and other out-of-pocket costs when seeing your health care providers.
You may be looking forward to being able to sign up for original Medicare insurance. However, you might not know a lot about Medicare and what it does and does not cover. You also might not realize that there are Medicare Advantage plans and Medicare Supplement insurance options (which are also known as Medigap plans) that you can sign up for. Signing up for one of the best plans through an insurance company is a good way to save money on coinsurance, copayments, deductibles and more.
Overview of Medicare in Florida
There are two parts to Medicare. The first part is Medicare Part A, which is hospital insurance. Medicare Part A doesn’t usually have a premium. Instead, Medicare Part A coverage is paid for with money that you paid in during your working years.
The other part is Medicare Part B. Medicare Part B covers doctor’s visits, outpatient care, and other healthcare expenses. Medicare Part B does have a Medicare Part B premium, and you have to pay it even if you sign up for a plan that offers additional coverage.
Enrollment Statistics for Medicare in Florida
If you’re curious about Medicare in Florida, check out these stats:
- There are more than 4.4 million beneficiaries of Medicare in Florida.
- Of those who have Medicare in Florida, 42 percent have Medicare Advantage.
- Approximately one-third of the beneficiaries of Medicare in Florida have a Medicare Part D plan to help pay for prescription drugs.
Best Types of Medicare Plans in Florida
- Medicare Supplement Plans in Florida – Medicare Supplement plans are designed to work along with your Medicare benefits. To sign up, you must be enrolled in original Medicare Part A and Part B. They are designed to fill in the gaps that are left behind by Medicare coverage. These Florida Medicare plans are standardized; this means that no matter which insurance company you choose, plans are the same from provider to provider. These plans come with monthly premiums, but if you shop around, you can find a good rate.
- Medicare Advantage Plans in Florida (Medicare Part C) – These stand-alone health insurance plans are usually HMO or PPO plans, although other plans — like private fee-for-service (PFFS) or Medicare medical savings account plans (MSA) — are also available. If you become a beneficiary of one of these Medicare plans in Florida, then your coverage will be provided by a private insurance company instead of original Medicare. There are often added benefits like dental and vision coverage.
- Special Needs Plans – Florida beneficiaries who have certain serious health conditions can sign up for an SNP. These plans always include prescription drug coverage.
- Medicare Part D Plans – This refers to Medicare prescription drug plans. They are sometimes included with Advantage plans but are not included with original Medicare insurance or a Medicare Supplement. If you don’t sign up during your Initial Medicare Enrollment Period, you could be charged a Medicare Part D late enrollment penalty later.
Florida Medicare Resources
Medicare beneficiaries in Florida can find resources in a few places. If you want to learn more about the benefits that you can enjoy by signing up for Medicare or if you need extra help financially, these sites can help.
We also provide some of the best resources for Florida beneficiaries. If you’re like many beneficiaries in Florida, you probably want to maximize your Florida Medicare while saving money on your healthcare costs.
We can help you compare rates and coverage for different health plans and Part D prescription drug plans. You can compare rates and coverage for Medicare plans in Florida right here on our website, or you can call and talk to one of our insurance agents about plan options in your service area. We can tell you about options for the state of Florida residents that have high star ratings from companies like Florida Blue.