Vermont Medicare Plans
Vermont offers many options for Medicare coverage. Many beneficiaries choose to add on Supplements and Part D plans to limit their out-of-pocket spending. Advantage plans are also great if you need some additional benefits for vision and dental. There are a lot of different plan choices, so it is best to shop your coverage and work with an Agent who can ensure you get the best coverage you need at a price in your budget.
Vermont Medicare plans open enrollment
Open enrollment for Medicare benefits last six months. This period begins three months prior to your 65th birthday and continues for the three months following your birthday. At this time it is also best to enroll in a Supplement as you cannot be denied due to your current health.
While you are able to enroll in Supplements at any time throughout the year, you are required to complete a health survey and can be denied coverage based on your pre-existing health conditions.
The Medicare plans in Vermont 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
Advantage plans (Part C plans) offer additional benefits beyond the traditional Medicare benefits. These plans are private insurance plans that also cover vision, dental and prescription drugs. There are 9 plans available in Vermont depending on the county you live in.
January 1st through March 31st each year is the open enrollment period for existing Part C beneficiaries. At this time you may change your plan or opt to enroll in an Original Medicare policy.
Medicare Part D
The 26 Part D plans in Vermont cover prescription drugs. Original Medicare and Supplements do not cover costs for prescriptions, so many beneficiaries choose to enroll in a Part D plan or Advantage plan to limit their out-of-pocket pharmacy costs.
How we can help
Remember, all plans provide standardized coverage, and the only difference is the cost. Our Vermont 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.