In this state, about 388,000 residents rely upon Original Medicare for health benefits. Out of these, only around 5.5 percent qualify for Part A and B because of disabilities, and the rest qualify because they are over 65. Even though Medicare Part A and Part B will provide many medical benefits, they won’t cover every health expense. For that reason, many Ohio beneficiaries consider Medicare supplemental insurance plans.
To help you compare supplemental insurance plans, you can read on to learn more about 2018 Medicare supplement plans in Ohio. If you would like to compare specific plans and premiums for your hometown, you’re welcome to use our online Medicare quote system at any time. We also have licensed agents who you can reach with our toll-free phone number. Besides Medicare supplement plans, we can also offer you information about Ohio Medicare Advantage plans and Ohio Medicare prescription drug plans.
What to Know About 2018 Medicare Supplement Plans In Ohio
This list has some quick facts about Ohio Medicare:
What Are Ohio’s Guaranteed Enrollment Rights for Medicare Supplement Plans?
Under 65: In some states, people who qualify for Medicare when they are under 65 have some Guaranteed Issue Rights, but Ohio allows individual insurers to decide on their own. The Ohio Insurance Department Medicare Guide reported that no insurers offering this option.
This means that if you are one of the 5.5 percent of state Original Medicare beneficiaries who aren’t yet 65, you’ll probably want to look into Medicare Advantage plans instead of Medicare supplements. Once you turn 65, you can enjoy Guaranteed Issue Rights like any other Medicare recipient.
At least 65 years old:If you’re 65, you’re protected by federal laws governing Medicare. You can join any of the state’s Medicare supplement plans from your first month of enrolling in Medicare Part A and B and for six months after. This is true if you take Medicare right at 65 or delay Part B because you have major medical insurance from your job.
Special circumstances: You may also qualify for Guaranteed Enrollment Rights if you have just moved into the state or lost your prior coverage through no fault of your own.
If you’re over 65, you can always apply for Medicare supplement plans. Certain pre-existing conditions may cause insurers to deny coverage if you’re not within a Guaranteed Enrollment Period. In some cases, they may offer coverage but exclude those pre-existing conditions for a period of six months. If you’re considering Medicare supplement plans, you might ask one of our Medicare agents to provide you with solutions for your unique situation.
How Much Are Expenses Without Medicare Supplement Plans?
According to a Kaiser Family Foundation report, average Medicare recipients spent over $4,000 for out-of-pocket expenses. About 40 percent of this total was for Medicare insurance premiums, which could include the Part B premium, Medicare supplement plans, Medicare Advantage or prescription drug plans.
Note that people with Medicare supplement plans usually also need to purchase a Part D plan for their prescription drug coverage. Without it, you might be subject to a penalty when you enroll in Part D too late if you don’t have other credible coverage. More important, you won’t have a prescription plan to help you pay for the kinds of medications that you need to get at your local pharmacy.
How to Compare Supplemental Insurance Plans in Ohio for 2018
Basically, you need to follow two steps to find the best Medicare supplement plans for your needs:
Step 1: Choosing Between Medicare Supplement Plans
Out of the many different standard Medicare supplement plans, check out these three:
Finding the Best Medicare Supplement Company in Ohio
Once you’ve decided upon which of the Medicare supplement plans you would like to have, your next step is to compare supplemental insurance plans from a variety of Ohio health insurance companies. Of course, you’ll want to find companies that offer you competitive rates. Besides published premiums, you may also find some insurers that offer discounts, valuable membership packages, and a reputation for keeping their premiums steady.
These are some top-rated Ohio Medicare insurance companies that you might want to check as you compare supplemental insurance plans:
Do Ohio Medicare Supplement Insurance Companies Increase Premiums?
From time to time, you may see rate increases for Medicare supplement plans after you enroll. The way that the Medicare insurer sets premiums may impact your initial premium and the kind of increases that you will see. As you compare rates for various Medicare supplement plans, it’s important to find out how they are priced and not just how much they cost.
If you’re under 65 and disabled, you’ll probably need to turn to Medicare Advantage. You can enjoy lower premiums. Also, most Medicare Advantage HMOs and PPOs include Part D and some extra value-added benefits that may save you money on health-related services like optometrists and dentists. Even if you’re over 65 and have Guaranteed Rights to enroll in Medicare supplement plans, you might find that you like the doctors on a Medicare Advantage plan, so the lower monthly rates can help you.
However, you might find that a Medicare supplement offers you a good value in certain cases. For instance:
If you’re an Ohio resident who is new to Medicare or just dissatisfied with your current Medicare insurance, we’d like to help. You can access our online quotes at any time. Just find “Ohio” in the quote box to get started.
You can also use our toll-free phone number to speak with an agent during business hours. We can help you find the right Ohio Medicare insurance, including Medicare supplements, Medicare Advantage, and Part D.