Rhode Island Medicare Plans
In Rhode Island there are numerous Medicare options to meet your needs. Original Medicare is best when combined with a Supplement or Part D plan. This is because Original Medicare can leave behind a lot of out-of-pocket expenses. Adding the additional coverage could save some beneficiaries thousands.
Rhode Island Medicare plans open enrollment
Beginning three months before your 65th birthday you may begin enrolling in Medicare policies. This open enrollment period lasts for 6 total months. The three months before your birthday through the 3 months after your birthday. At this time it is also best to enroll in a Supplement as you cannot be declined due to your current health.
While you may apply for a Supplement at any time throughout the year, you will be required to complete a health survey and can be declined coverage based on your pre-existing conditions.
The Medicare plans in Rhode Island 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 19 Advantage plans in Rhode Island, depending on the county you reside in. Advantage (Part C) plans are private insurance plans that offer all the benefits of Original Medicare as well as additional benefits. These additional benefits include vision, dental, and prescription drug coverage.
The open enrollment period for existing beneficiaries begins January 1st and runs through March 31st. Those already receiving benefits through an Advantage plan can switch their plan at this time or opt into an Original Medicare plan.
Medicare Part D
If you need prescription drug coverage you will want to enroll in a Part D plan. Original Medicare and Supplements do not provide prescription coverage. There are 26 Part D plans in Rhode Island. These plans will limit your out-of-pocket costs at the pharmacy.
How we can help
Remember, all plans provide standardized coverage, and the only difference is the cost. Our Rhode Island 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.