Best Medicare Plans in Ohio
Once you turn 65, you’re eligible to sign up for Original Medicare in Ohio. You may also qualify for Ohio Medicare if you’re diagnosed with a qualifying disability at an earlier age. The best time to secure your benefits is during your Initial Medicare Enrollment Period. That period extends for seven full months, starting three months prior to your 65th birthday and ending three months after.
You will likely receive the lowest premiums when you sign up for some of the best Medicare plans in Ohio during that initial period. Take the time to compare rates online because prices vary from one insurance company to another. Once you’re enrolled in Original Medicare Part A and Medicare Part B, you will have the option to apply for Advantage plans, supplement plans,
Two primary parts of Medicare in Ohio:
- Medicare Part A – This is basic hospital coverage for all beneficiaries in Ohio. Most Ohio beneficiaries won’t pay premiums because they paid into this insurance prior to turning 65. Benefits are offered only for inpatient hospital and skilled nursing care (including temporary nursing care in a nursing home) plus limited coverage for home healthcare and hospice. Some copays and coinsurance payments are required.
- Medicare Part B – This is the Ohio Medicare policy that you will use to pay for routine visits to your primary care doctor, specialists and other care providers. It covers a variety of preventative and medically necessary services, ranging from ambulance rides to diagnostic testing.
Medicare Part B plans will likely leave you with a variety of out-of-pocket expenses, including deductibles, copayments and coinsurance. Consider Advantage or Medigap plans if you want to pay one premium and forget about the added expenses.
Enrollment Statistics for Medicare in Ohio
- There were more than 2 million Medicare beneficiaries in Ohio as of 2018.
- Enrollment in Medicare plans in Ohio remained increased slightly from 2015 to 2018.
- In 2018, close to half of all beneficiaries were enrolled in Medicare Advantage plans and other special Medicare policies.
- More than 1.3 million Ohio beneficiaries were enrolled in Original Medicare insurance in 2018.
Best Types of Medicare Plans in Ohio
- Medicare Supplement Plans in Ohio – Supplemental Medicare plans in Ohio serve as secondary payment sources for each beneficiary enrolled in Original Medicare insurance. There are 10 standardized plan options plus a high-deductible option, but each insurance company can choose which plans they want to offer in Ohio. Compare rates online to determine the best premiums for your chosen Medigap policy. You won’t receive prescription drug coverage with these Medicare plans in Ohio so you will need Medicare Part D.
- Medicare Advantage Plans in Ohio – Advantage plans are also known as Medicare Part C. This is the best option for Medicare in Ohio if you want to simplify your insurance benefits. You will pay all medical bills with your Advantage plan card rather than your Original Medicare card. In addition to all benefits offered through Original Medicare, these plans may include prescription drug, dental, vision and hearing coverage. You may also receive added health and wellness benefits with the most competitive policies. HMO and PPO plans are the most popular choices, but you can also sign up for a cost-sharing PFFS plan or an MSA plan with a healthcare savings account. With many plans, you’re restricted to certain service areas and provider networks. You will have the chance to change plans during a certain period each year and in some other situations, such as if your insurance company doesn’t sign its contract renewal with Medicare.
- Medicare Prescription Drug Plans – When you first sign up for Medicare in Ohio, you will have the option to add a Part D prescription drug plan. You may not need this coverage if you enroll in an Advantage plan. There is a Medicare Part D late enrollment penalty for Ohio beneficiaries who don’t sign up for Part D during their initial enrollment period.
- Special Needs Plans – There are special Medicare plans in Ohio for beneficiaries diagnosed with select medical conditions. If your medical condition requires specialized care, you may qualify for this type of Medicare in Ohio.
Ohio Medicare Resources
- Ohio Department of Insurance Frequently Asked Questions – Quick reference for all of your questions regarding Medicare in Ohio
- CMS: Centers for Medicare and Medicaid Services
The resources above can be very helpful when you’re first signing up for Medicare Parts A and B. They can also help you with learning about the Medicare Part B premium and the basic Medicare benefits that you can enjoy as a beneficiary. You could be looking for some extra help with your out-of-pocket costs, too, though, since you might be afraid that your Medicare coverage will not be enough as a stand-alone option.
That’s where we come in. We can give you a complete description of benefits that you can enjoy with either Medicare Supplement insurance or one of the Medicare Advantage health plans. Our goal is to help you keep your health care costs to a minimum.
We work with all of the best private insurance companies and can help you shop for insurance plans with affordable monthly premiums and great coverage. Give us a call today so that you can speak to a licensed insurance agent about your health insurance options as a senior.