Best Medicare Plans in Nevada
Signing up for Medicare in Nevada as soon as you’re eligible to do so, such as when you turn 65 years old, is wise so that you can start enjoying the Nevada Medicare benefits as soon as possible. Of course, you’ll need to have a good understanding of Medicare in Nevada so that you will know how to sign up and so that you will know what your Nevada Medicare benefits. This quick guide is designed to help Medicare beneficiaries in Nevada with these things.
Overview of Medicare in Nevada
First, you’ll need to become enrolled in Original Medicare Part A and Medicare Part B. Medicare Part A is hospital insurance, and there typically is not a premium. Medicare Part B is medical insurance, and there is a Medicare Part B monthly premium that has to be paid. When you’re covered by both “parts” of Original Medicare insurance, you will have to pay some copayments (copays), deductibles and coinsurances.
If you’d like to avoid these additional costs, there are Medicare plans in Nevada that you can sign up for. These plans can be purchased through a private insurance company. For example, Medicare Supplement plans are popular, and if you’d like to know what each plan covers, you can take a look at our Medicare Supplement plans comparison chart. You can shop for Medicare Supplement plan quotes, too, to find the best deal.
Enrollment Statistics for Medicare in Nevada
If you want to know more about Original Medicare in your state, check out these quick stats about Medicare in Nevada:
- There were 519,060 Nevada beneficiaries enrolled in Medicare in Nevada in 2018.
- 179,979 of these Nevada beneficiaries were the beneficiary of a Medicare Advantage plan.
As you can see, Medicare in Nevada is a popular program. Some beneficiaries choose to sign up for Advantage plans. Many other beneficiaries in Nevada rely on Nevada Medicare insurance alone. A lot of individuals who don’t have Advantage plans have additional coverage in the form of a Supplement/Medigap plan.
Best Types of Medicare Plans in Nevada
If you want to enhance your Nevada Medicare insurance, you may want to sign up for one of the Nevada Medicare plans. These are the different types of Medicare plans in Nevada that you can look into so that you can get more out of your Original Medicare insurance.
- Medicare Supplement Plans in Nevada – Medigap plans offer coverage that Original Medicare does not offer, so it works with Medicare Part A and Part B to fill in the gaps of coverage. There are 10 of these Medicare plans in Nevada that you can pick from. Some cost-sharing plans offer additional coverage for low rates. If you’re willing and able to pay higher rates, then you can enjoy a plan with even more coverage, such as Medicare Supplement Plan F. You’ll want to compare plans; then, after you compare them, you can choose the one that is right for you.
- Medicare Advantage Plans – Also commonly referred to as Medicare Part C, this is an alternative to using your Medicare Part A and Part B benefits. Many of these are HMO plans or PPO plans and have service area network restrictions. Some plans for Nevada residents, such as private fee-for-service (PFFS) plans offer coverage without these restrictions. Wellness benefits are often included, and some of the higher-priced plans include Medicare Part D drug plans. Hearing, dental and vision coverage might be included in your plan, too.
- Medicare Part D Prescription Drug Plans – You may be charged a Medicare Part D late enrollment penalty if you don’t sign up for a stand-alone prescription drug plan or an Advantage plan that includes one of these plans. These prescription drug plans offer prescription drug coverage that can help you save a significant amount of money on these healthcare costs. You don’t have to buy Part D plans from the same insurance company that you purchase your Medicare Supplement insurance or Medicare coverage in the form of an Advantage plan; instead, you can purchase from another company with top star ratings that participate in the federal Medicare program if rates are more affordable.
- Special Needs Plans – An SNP is the best option for people with many chronic conditions. These health plans are a type of Advantage plan.
Nevada Medicare Resources
If you want to learn more about Medicare in Nevada or if you are wondering if there are any low-income benefits that you can apply for, these resources can help you out. Start checking them out before your Initial Medicare Enrollment Period so that you’ll be well-informed and the complete description of benefits for Medicare, the Medicare Part B premium and any programs that you might be able to sign up for.
- Nevada Medicaid
- Nevada State Health Insurance Assistance Program (SHIP)
- CMS: Centers for Medicare and Medicaid Services
You can also call and talk to one of our licensed insurance agents if you’d like help with shopping for a plan with reasonable premiums or understanding your benefits!