Best Medicare Plans in North Carolina
You’re eligible to sign up for the best Medicare plans in North Carolina when you turn 65. Once you’re enrolled in Original Medicare Part A and Part B, you’re covered by Original Medicare insurance. Here is a brief breakdown of what benefits are included in Original Medicare in North Carolina:
- Medicare Part A covers hospital charges and some care in skilled nursing facilities, such as temporary care in a nursing home. You never pay a premium for these benefits.
- Medicare Part B is your standard medical care policy and requires you to pay a Medicare Part B premium. You will use this policy when you see your primary care physician or a specialist.
There are a lot of gaps in Original Medicare insurance that will leave you with out-of-pocket expenses if you don’t sign up for other types of North Carolina Medicare plans. Some of the out of pocket expenses that you may need to pay include:
- Excess charges
The best way for beneficiaries in North Carolina to secure the right policy for your needs at the most affordable price is to compare monthly premium rates online. A comparison tool will help you determine the best type of Medicare plan and the ideal insurance company to carry your policy. Then, you don’t have to call each separate insurance agency for quotes.
Enrollment Statistics for Medicare in North Carolina
- In January 2018, there were more than 1.2 million Original Medicare beneficiaries in North Carolina. More than 670,000 more beneficiaries were enrolled in Medicare Advantage or other special plans for a total of approximately 2 million North Carolina beneficiaries.
- In January 2019, there were more than 720,000 North Carolina residents enrolled in Advantage and special Medicare plans. The number of beneficiaries enrolled only in Original Medicare insurance declined slightly from January 2018.
- In 2016, there were more than 450,000 North Carolina beneficiaries enrolled in Medigap plans.
- With more than 300,000 state subscribers, Medigap Plan F was the most popular Medicare Supplement plan in North Carolina in 2016.
Best Types of Medicare Plans in North Carolina
Once you’re enrolled in Medicare Part A and Part B, you have the option to sign up for additional Medicare plans in North Carolina. These plans will either replace or supplement your Original Medicare insurance. They can simplify your health insurance so that you have fewer out-of-pocket expenses to track.
These North Carolina Medicare plans may also extend your benefits, but you can expect higher premiums for plans that offer the most extensive coverage for each beneficiary. Make sure to compare rates online in addition to comparing the coverage offered under each of the best Medicare plans in North Carolina.
- Medicare Supplement Plans in North Carolina – Supplement plans are also known as Medigap plans because they cover only the gaps left by Original Medicare. Your medical providers will bill Original Medicare first. Your Supplement plan will then cover any remaining expenses. It’s best to sign up during your Initial Medicare Enrollment Period.
- Medicare Advantage Plans in North Carolina – Advantage plans are offered through Medicare Part C. They’re designed to take the place of Original Medicare. The benefit of signing up for Medicare Part C is the potential addition of dental, vision and hearing insurance. Some policies also include wellness perks like a free Silver Sneakers membership. However, be aware that one of these stand-alone policies may restrict you to a certain provider network when choosing healthcare providers, such as if you choose an HMO. If Part D prescription drug coverage is included, you may be restricted to a certain pharmacy network, too. There are various types of Advantage plans to choose from, though, such as MSA plans with savings accounts, private fee-for-service plans or PPOs.
- Medicare Prescription Drug Plans – Many Medicare plans in North Carolina offer no coverage for prescription medication. Beneficiaries in North Carolina can solve that problem by signing up for Medicare Part D. You will need to compare rates online and select the most affordable plan from a reputable Medicare insurance company. Keep in mind that the Medicare Part D late enrollment penalty can substantially increase the cost of your coverage if you don’t sign up when you’re first eligible for Medicare in North Carolina.
- Medicare Special Needs Plans (SNP) – If you’re enrolled in Original Medicare in North Carolina and are diagnosed with a medical condition that requires specialized care, you may qualify for a special needs plan. Only select conditions are covered, but enrollment entitles you to benefits that are customized to your unique health care needs.
North Carolina Medicare Resources
- North Carolina SHIIP – Receive free counseling on all aspects of Medicare in North Carolina.
- CMS: Centers for Medicare & Medicaid Services
- Social Security Administration
Signing up for the Medicare program is the first step in reducing out-of-pocket costs for your health care. After signing up for Medicare coverage, it’s time to look into your plan options from companies with top star ratings like Cigna, Aetna, and Mutual of Omaha.
Whether you live in Durham, Raleigh, Chapel Hill or another area of North Carolina, shopping for health plans has never been easier. One of our insurance agents can give you a complete description of benefits for each type of plan. In addition to plan information, we can help you compare pricing. Don’t hesitate; instead, call us right away so that we can help you sign up for Medicare Advantage or Medicare Supplement insurance.