Vermont Senior Health Insurance
Explore Your Options
Vermont is a great place to live and retiree in. With its reasonable cost of living and endless supply of maple syrup, it’s no wonder why many people decide to retire in Vermont. Seniors 65 and older make up about 16.5% of the state’s population. Once you are ready to retire and become eligible for Medicare, make sure you understand the options that are available to you. MySeniorHealthPlan.com is here to help you make this transition easier and more comfortable for you.
The supplemental Medicare options available in Vermont are broken down into three categories: the Medicare Supplement Plan (Medigap Plan), various Prescription Drug Plans, and an assortment of Medicare Advantage Plans.
Medicare Supplement Plans are state-wide; therefore anyone in Vermont can have this type of coverage. This type of plan offers you flexibility as you are able to see any doctor that accepts Medicare and you can utilize your benefits nationwide. Medicare Supplement Plans are standardized by the government and coverage does not vary between the different private insurance carriers that provide them. What will differ is premium costs, customer service and carrier credibility. You can trust MySeniorHealthPlan.com to identify a reputable company and the premium patterns.
Medicare Supplement Plans do not include prescription drug coverage, bringing us to your next option. Prescription Drug Plans (Part D) are stand-alone policies offered by private insurance carriers and are often paired with Medicare Supplement Plans. These plans are designed to help cover your prescriptions and have co-pays that range from $0 and up depending on the prescription and carrier. Not taking any medication? Most people still obtain this type of coverage to avoid the Part D penalty or to cover future prescriptions. To learn more about the penalty visit: http://www.medicare.gov/part-d/costs/penalty/part-d-late-enrollment-penalty.html If you need Extra Help paying for your prescriptions please click here to see if you qualify.
Medicare Advantage Plans (Part C) are also offered through private insurance companies. These plans hold an annual contract with Medicare. Although you still have Part A and B, these benefits are covered by your carrier. Medicare Advantage Plans typically include prescription drug coverage. These are also network based plans, meaning you may have to select a Primary Care Physician or see an in-network doctor depending on the Medicare Advantage Plan you enroll into.
Now that you understand what plan types are available, you are ready to compare your different options. Unlike a group employer plan or Cobra plan, Medicare supplemental options are very individualized. The perfect fit for you will most likely not be the perfect fit for your neighbor. By calling MySeniorHealthPlan.com, we can walk you through the process and make sure you feel confident in your senior healthcare decision.
Vermont Department of Disabilities, Aging & Independent Living: http://dail.vermont.gov/
Vermont Department of Human Services: http://humanservices.vermont.gov/