Medicare Supplement Plans are available in Arkansas for 2022. If you are looking for information on the different available plans, you have come to the right place. In this blog post, we will discuss the different types of Medicare Supplement Plans that are available in Arkansas, as well as the benefits that they offer. We will also provide information on how to choose the plan that is best for you.
What is Medicare?
Medicare is health insurance for senior citizens over the age of 65. Also, In some cases for people who are disabled, or who have ESRD (kidney failure). Medicare is the primary health insurance for people who are on it, although it does NOT provide full coverage. There are many gaps in coverage left by Medicare, and that is why people purchase Arkansas Medigap Insurance.
Arkansas Medicare — Learning about Arkansas Medicare Supplement Plans is a great way to ensure you are getting the best value for your money when purchasing Medicare Supplemental Insurance. There are many things that you should be aware of when starting to do your research, and the first should be understanding what an Arkansas Medicare Supplement Insurance plan is in the first place. “Medicare Supplement Insurance” is also called “Medigap Insurance” to alleviate any confusion.
How Does Medicare Cover Us?
There are four main parts to the Medicare system:
- Part A (Hospital Coverage)
- Part B (Medical Coverage)
- Part C (Medicare Advantage)
- Part D (Prescription Drug Coverage)
Part A provides coverage for inpatient hospital care, skilled nursing facility (SNF), blood services, and hospice care. Part B provides coverage for medical services, including medical expenses either in or out of the hospital, outpatient hospital treatment, blood services, clinical laboratory services (diagnostic tests), home health care (approved medically necessary skilled care services and supplies), and durable medical equipment like wheelchairs, walkers, etc. Also, Part B also covers some preventive care services. Part C is a replacement for Medicare. It is known as the “Medicare Advantage” plan, or a “Medicare Replacement” policy. Part D is coverage for prescription Medications.
Although It pays a large portion for healthcare expenses, it by far does NOT provide full coverage. For example, Medicare only pays 80% for most medical expenses, and they also require beneficiaries to pay large co-pays, co-insurance, and deductibles for hospitalizations, etc.
Which Plan is Best For Me?
Arkansas Supplemental Insurance can cover all the gaps in coverage left by Medicare so you are not left paying the deductibles and other out-of-pocket expenses yourself. All Supplements are designed by Medicare, so the benefits of these policies are the same across companies, the only difference is the price they charge.
When comparing Companies, it is important to understand that there is no reason to pay more money for a certain company over another. They all provide the same coverage. It is very important that you shop around and obtain multiple Arkansas Supplement Quotes. This will help ensure that you are receiving the very best price that is available to you.
Instead of going through the hassle of calling multiple Arkansas insurance companies, speaking to multiple (and maybe even pushy) insurance agents, and possibly getting inaccurate or outdated information, you can compare multiple Arkansas Supplement insurance quotes and plans directly on our website. If you prefer to speak with someone over the phone, you can call one of our Senior Market Specialists. We are standing by to walk you through the Medicare maze every step of the way. We will guide you on what your best options are. You can call our toll-free number now at (800) 339-4112
What Are My Other Options?
In addition to Arkansas Supplement Plans, there are also other options such as a Medicare Advantage Plan. With a Advantage plan, you will be getting your Original Medicare coverage (Parts A & B) through a private insurance company that has been approved by Medicare.
The biggest advantage of signing up for a Advantage plan is that you will often have lower out-of-pocket costs. This is compared to just having Original Medicare. With a Advantage plan, the private insurance company is required to provide coverage for things like deductibles and coinsurance.
Another benefit of having an Advantage plan is that they often offer additional benefits not found in Original Medicare, such as dental, vision, and even prescription drug coverage (Part D).
If you are interested in learning more about your Arkansas Advantage Plan options, our team of Arkansas Expert Medicare Specialists can help. We will provide you with a list of all the plans available to you in your area. We will also help you choose the best plan for your needs and budget.
You can call us toll-free at (800) 339-4112 to speak with one of our Arkansas Expert Senior Market Specialists today. We are here to help!