Best Medicare Plans In Wisconsin
Medicare in Wisconsin is a very popular federal government health insurance program with a lot of beneficiaries. You may have been looking forward to being able to sign up for Medicare in Wisconsin upon turning 65 years of age. If that date for signing up for Medicare coverage is approaching, then you could be wondering what you will need to do to get enrolled in Original Medicare Part A and Part B. You might also be wondering about what you can expect from your Wisconsin Medicare benefits, and you might be curious about whether you should sign up for one of the Medicare plans in Wisconsin that are available in your area, such as Medicare Supplement insurance, so that you can make more out of the Medicare program.
Overview of Medicare in Wisconsin
First things first, you’ll need to learn about Medicare Part A. This is one of two parts that make up Original Medicare insurance. Medicare beneficiaries in Wisconsin typically don’t have to pay a monthly premium for this plan. Once you’re enrolled, you’ll be able to use this hospital insurance when you’re an inpatient in a hospital or when you need hospice care.
Once you are enrolled in Medicare Part A, it will be time for you to enroll in Medicare Part B. This type of Wisconsin Medicare insurance is your medical insurance. There is a Medicare Part B premium that you will have to pay for coverage. Once you’re enrolled, your coverage will kick in when you go to a doctor’s office, skilled nursing facility or other health care facility for care. It will even help pay for some things, such as necessary home health care or temporary care in a nursing home, although there are obviously some restrictions.
Both plans do leave you responsible for coinsurances, copayments (copays) and deductibles. This is where Medicare plans in Wisconsin kick in. Some plans, such as Supplemental plans, will help with covering these additional health care costs for medical services and will provide you with additional benefits. Checking out the plan options for health plans that are available in your service area will allow you to minimize your out-of-pocket costs.
If you want help with enhancing your Original Medicare insurance, you may want to sign up for one of these Wisconsin Medicare insurance plans. We’ll help you with that step.
Enrollment Statistics for Medicare in Wisconsin
If you want to learn a little more about Medicare in Wisconsin, you may want to take a look at these stats:
- There are a lot of Wisconsin beneficiaries of Medicare. In fact, there were 1,161,080 in 2018.
- Out of that number, a sizable number of Wisconsin beneficiaries opted for Medicare Advantage that same year: 461,428.
- Many beneficiaries either have stand-alone Part D prescription drug coverage or have drug benefits through one of the Medicare Advantage prescription drug plans.
Best Types of Medicare Plans in Wisconsin
These are the different types of Medicare plans in Wisconsin that you can look into during your Medicare Initial Enrollment Period:
- Medicare Supplement Plans in Wisconsin – These plans, also known as Medigap plans, help fill in the gaps of Medicare in Wisconsin. There are 10 different plans with different benefits that a beneficiary can choose from, from cost-sharing plans to plans with more robust coverage. Each insurance company can set its own rates for premiums, so you’ll want to compare options. Each lettered plan, though, has to be the same from company to company.
- Medicare Advantage Plans – Called Medicare Part C by many, this type of plan is an alternative to Original Medicare insurance. You may want to sign up if you want extra wellness benefits, such as a gym membership, or if you want dental, vision and hearing coverage. A Medicare Part D plan is sometimes included, too. Many plans are HMO or PPO plans with provider networks. There are also private fee-for-service or MSA (Medicare savings account) options.
- Medicare Prescription Drug Plans – Part D – These plans help pay for medication costs. You may be subject to a Medicare Part D late enrollment penalty if you don’t sign up when you’re first Medicare eligible.
- Special Needs Plans – Also known as an SNP, these plans are best for people with certain serious and chronic health conditions. For example, it’s a plan option for those with end-stage renal disease.
The best plan for one person might not be what is best for you. You’ll want to compare plans based off of rates and your individual healthcare needs to find the right plan for you.
Wisconsin Medicare Resources
You might still have questions about Medicare in Wisconsin. You could be hoping to read a complete description of benefits so that you can understand what is and is not covered by your Wisconsin Medicare benefits, for example.
You might be wondering if there is any way that you can get extra help, such as if you need help with out-of-pocket costs. There are programs out there for low-income Medicare beneficiaries in Wisconsin; you can check out these links for more information.
- Medicaid in Wisconsin
- Medicare Counseling for Wisconsin Residents
- CMS: Centers for Medicare and Medicaid Services
In addition to checking out the resources above, check out the pages on our website. you can look at a Medicare Supplement plans comparison chart right here on our website, or you can look up Medicare Supplement plan quotes for your ZIP code. You can also feel free to give us a call and talk to one of our licensed insurance agents! We would be more than happy to tell you about the different options that are available for beneficiaries like you.