With over 3.6 million Medicare recipients, The Lone Star State ranks third in the nation for the population of elderly and disabled people who rely upon this public health program. If you’re new to Medicare or dissatisfied with the coverage or premiums of your current coverage, you should take a look at 2018 Medicare supplement plans in Texas. Because of the large number of people who qualify for Original Medicare, there are many supplemental insurance companies that compete for business.
We can help you with more information and price quotes for Medicare supplement plans, Medicare Advantage Plans, and Medicare prescription plans. Take advantage of our online quotes. If you prefer, you are also welcome to call us to speak with a live agent.
When Can You Enroll in 2018 Medicare Supplement Plans in Texas?
Technically, you can apply for any Texas Medicare supplement plans if you qualify for Medicare Part A and Medicare Part B of Original Medicare. However, the rules are somewhat different in Texas if you have qualified for Original Medicare because you have turned 65 or because of a disability.
About 16 percent of all Medicare recipients in Texas qualify because of a disability and are under 65. Most Texans get Medicare Part A without paying anything when they turn 65 because they qualify with their own or their spouse’s work history. Most people pay a premium for Medicare Part B, and they may delay taking it if they have other insurance through work.
This highlights the differences in Guaranteed Enrollment Rights from the Texas Department of Insurance:
Stats for 2018 Medicare Supplement Plans in Texas
For the 3.6 million Texas Medicare recipients, Medicare spends an average of about $11,000 each. This doesn’t account for out-of-pocket costs that beneficiaries may have because of deductibles or coinsurance. Medicare costs can vary because of medical costs in different parts of the states. For example, costs are usually higher in the bigger Texas cities.
These are the larger cities and their populations who are over 65:
In Houston, for instance, about 36 percent of Medicare recipients choose Medicare Advantage plans to help them manage medical costs. This is higher than the overall percentage of the penetration of Medicare Advantage plans in Texas. Most Medicare Advantage plans use HMO and PPO networks, so it’s common to see more people enroll in them in larger cities. This may be because there are more network providers and because medical costs tend to be higher in the largest cities.
Choosing the Best Texas Medicare Supplement Plans for 2018
Texas is like most states in that it offers the Medicare supplement plans that have been authorized by Medicare. Before you start comparing insurance companies, you’ll need to decide which of these Medicare supplemental insurance plan levels that you want to buy.
These three popular Medicare supplement plans suit the needs and budget of many Texans:
Sample Premiums for Medicare Supplement Plans in Texas
In order to see which plan you should take, it might help to also compare some sample premiums. These are just samples, so you need to get your own custom quotes.
These are monthly rates for Medicare supplements for a woman who is just turning 65 in Houston, Texas:
Medicare Prescription Drug Coverage in Texas for 2018
Note that Medicare supplemental insurance policies were designed to work with Original Medicare. Since Part A and B don’t cover most prescriptions, neither do Medicare supplement plans. Mostly, they just help pay for the kinds of prescription medication that you might get administered by a health professional inside of a medical facility.
If you decide to to buy supplemental insurance, you will also need prescription drug coverage. Most beneficiaries will purchase Part D for this, but some of you might have credible coverage from another source. If you don’t have prescription drug coverage, you won’t get help paying for your medicine and will pay a penalty when you do enroll in Part D.
Most Medicare Advantage plans do come bundled with Part D, but Medicare supplement plans don’t. You can enroll in Part D when you first qualify for Medicare or during the regular Open Enrollment period in the fall of every year. The Open Enrollment for Part D is at the same time as the one for Medicare Advantage plans.
Which Texas Insurance Companies Market Medicare Supplemental Insurance Policies?
No matter where you live within the state, you can probably find at least two dozen insurance companies that have been approved to market Medicare supplemental insurance policies. You should know that insurers don’t have to offer all of the Medicare supplement plans in every county, but they usually offer the most popular ones, such as Plan F, Plan G, and Plan N. They may also offer Plan A because it’s the only one that disabled people get a Guaranteed Enrollment period for in this state.
These are highlights from some of the most visible companies that market Texas Medicare supplement plans:
Texas Medicare Advantage Plans Vs. Medicare Supplement Plans for 2018
You’ve probably seen lots of ads for Texas Medicare Advantage plans. Many Texans have been attracted to Medicare Advantage plans because of the low premiums and additional benefits. For example, you can usually find Medicare Advantage plans that come with drug plans and many other perks. Some perks that Medicare Advantage plans offer include discounts for health-related services that Medicare doesn’t cover, like dental and vision care.
You may wonder why you should pay more for Medicare supplemental insurance and a Part D plan. These are some of the advantages that you can enjoy with Medicare supplement plans that you won’t get with most Medicare Advantage plans:
Finding the Best Texas Medicare Supplement Plans for 2018 and Beyond
Texans have relied upon us for advice and premium quotes for many years. You are welcome to get online quotes for 2018 Medicare supplement plans, Medicare Advantage plans, and Part D. We also have a toll-free phone number if you’d like to call us with your questions. You have many choices when it comes to Medicare supplement, Medicare prescription,and Medicare Advantage plans, and we’re here to help.