Oregon Medicare Plans
Many residents in Oregon find that their Original Medicare policies do not offer enough coverage for their needs. This is why many decide to enroll in a Supplement or Advantage plan to help lower their out-of-pocket expenses. There are numerous options available and it is best to ask a Medicare agent to assist you through the comparing and enrolling in Medicare plans.
Oregon Medicare plans open enrollment
Initial open enrollment begins at 65 in Oregon. The enrollment period lasts for 6 months. This period begins 3 months prior to your birthday and continues for 3 months following your birthday. At this time is is also best to apply for a Supplement as you cannot be declined based on your health conditions.
While enrollment in a Supplement can take place at any time, you will be required to complete a health survey and can be declined coverage based on your pre-existing health conditions.
Oregon also allows those enrolled in Medigap to switch to other plans during the 30 days following their birthday. This window of time is also “guaranteed issue” Medigap plans.
The Medicare plans in Oregon are best when combined with a Supplement. Original Medicare leaves behind coinsurance and deductible costs. You may have additional costs as Original Medicare only covers about 80% of outpatient costs.
A Supplement can put a cap on out-of-pocket spending. Another benefit is you can see any doctor that accepts Medicare.
There are ten standardized plans lettered A-N. Similarly, lettered plans offer similar cover, the only difference being the cost. It is so important to compare and shop the best plan for your healthcare needs and your budget. We offer a service to assist you with this process that free!
If you were enrolled in Medigap plans C or F before 2019, you could remain enrolled in those plans; however, new beneficiaries cannot enroll in those two plans.
Medicare Advantage Plans
There are 37 Advantage, Part C, plans in Oregon depending on which county you live in. These Part C plans are private insurance plans that offer all the same benefits of Original Medicare as well as additional benefits. These additional benefits include vision, dental and prescription drug coverage.
Oregon has an open enrollment period for those already receiving Part C benefits. This period runs from January 1st through March 31st where a beneficiary can change their Advantage plan or opt into an Original Medicare plan.
Medicare Part D
There are 26 Part D plans in Oregon. These plans cover prescription drugs. Many beneficiaries choose to enroll in a Part D plan or an Advantage plan to limit their out-of-pocket costs at the pharmacy as Original Medicare and Supplements do not have prescription coverage.
How we can help
Remember, all plans provide standardized coverage and the only difference is the cost. Our Oregon licensed agents are ready to help you shop these plans to create the best combination of coverage for your needs and your budget. We offer this service at no cost to you. Reach out today and allow us to assist you through this enrollment process.