Best Medicare Plans In South Dakota
For those who have been eligible for disability for at least two years or those who are at least 65 years of age, Medicare in South Dakota is a federal government health insurance program. Signing up for Medicare in South Dakota as soon as you are eligible will allow you to take advantage of the benefits of Medicare Part A and Medicare Part B.
Overview of Medicare in South Dakota
First, you will need to sign up for Medicare Part A. This is the type of South Dakota Medicare insurance that covers hospital-related costs and that pays for hospice care. Medicare Part B is the second part of Original Medicare insurance. It will be your medical insurance.
Once you are signed up for these two plans, you can compare options from different insurance company options that offer plans in your area. If you become a beneficiary of a Supplement plan, for example, you can enjoy many benefits on top of what your Original Medicare insurance covers. Of course, it’s best to shop around for the best rates for one of these plans. Then, you’ll get the most benefits for the rates that you’re playing.
Enrollment Statistics for Medicare in South Dakota
If you’re about to enter your Medicare Initial Enrollment Period, then you might be curious about the others in your state who have Medicare. These are some interesting statistics about Medicare in South Dakota:
- There aren’t as many Medicare beneficiaries in South Dakota as there are in some of the more populated states, but Medicare in South Dakota is still a popular program. In 2018, there were 174,017 total beneficiaries across the state.
- Out of those American beneficiaries of South Dakota Medicare insurance, 33,163 chose Medicare Advantage.
Best Types of Medicare Plans in South Dakota
You might be hoping to avoid being left with a lot of coinsurances, deductibles and copayments (copays) after your South Dakota Medicare benefits are exhausted. There are Medicare plans in South Dakota available from different insurance companies that can help with that. These are the different types of Medicare plans in South Dakota that you can choose from once you are enrolled in Original Medicare Part A and Part B:
- Medicare Supplement Plans in South Dakota – One highly popular option for South Dakota beneficiaries is to sign up for Medicare Supplement plans, which are also commonly known as Medigap plans. South Dakota beneficiaries of Medicare can choose between 10 different plans. Some of the Medigap plans are cost-sharing plans; these don’t cover as much but have lower monthly premiums, such as Medigap Plan N. Other plans have higher monthly premiums but offer much more robust coverage, such as Medigap Plan F.
- Medicare Advantage Plans – South Dakota Medicare Advantage plans, which are also known as Medicare Part C plans, are an alternative type of plan that can be used instead of Medicare Part A and Part B. Private insurance companies that offer these plans are required by the Medicare program to provide certain types and amounts of coverage for healthcare costs. Some offer extras, too, such as dental, vision and hearing coverage and certain wellness benefits. If you’re willing to pay a little more for your plan, you can enjoy Medicare Part D prescription drug coverage as a part of the plan, too. HMO and PPO insurance plans through these companies have network restrictions. Some plans, though, like private fee-for-service plans (PFFS), don’t have these restrictions, though.
- Medicare Prescription Drug Plans – Part D – Signing up for one of these stand-alone plans is an essential, particularly if you have a lot of prescription drug-related costs. If you don’t sign up as soon as you’re Medicare eligible, you could be subject to a Medicare Part D late enrollment penalty. Therefore, you’ll probably want to sign up for a Medicare Part D plan during your Open Enrollment Period if you can.
- Special Needs Plans – Special Needs Plans (SNPs) are special Medicare part C plans for people who have special healthcare needs, such as those who have end-stage renal failure. These plans always include Medicare Advantage prescription drug plans.
South Dakota Medicare Resources
There are resources that Medicare beneficiaries in South Dakota can use to learn more about Medicare in South Dakota. Check out these resources if you’d like to find out what your South Dakota Medicare benefits are or if you would like to find out more about programs for low-income Medicare beneficiaries in South Dakota.
- South Dakota Department of Social Services
- South Dakota Senior Health Information and Insurance Education (SHINE)
- CMS: Centers for Medicare and Medicaid Services
Additionally, if you would like to shop for Medicare plans in South Dakota, we are here to help. If you think you’re interested in buying Medicare Supplement insurance, for example, you can use our Medicare Supplement plans comparison chart to compare the different plans that are available. You can also look for Medicare Supplement plan quotes on our website, or you can give us a call so that you can talk to one of our licensed insurance agents about your plan options. We can talk to you about the health plans that are available from top companies like Aetna, Cigna, Mutual of Omaha and more so that you can enhance your Medicare coverage, enjoy additional benefits and reduce your out-of-pocket costs for your healthcare.