Best Medicare Supplement Plans in Arkansas for 2019

Now that you have turned 65 and enrolled in Medicare Part A and Part B, you are searching for the best Medicare Supplement plan in Arkansas for 2019. With Original Medicare, you have coverage for hospital services with Medicare Part A. Medicare Part B provides you with doctors’ visits and outpatient care. You must have heard that Medicare pays about 80 percent of the costs for these services, but the remaining 20 percent is left for you to pay. Medicare Supplement plans in Arkansas reduce the amount of money that you need to pay when you take advantage of your Medicare benefits.

Best Medicare Supplement Plans in Arkansas for 2019: Overview

Medicare Supplement insurance plans in Arkansas for 2019 assist with the following services:

  • Deductibles for Medicare Part A and Part B
  • Part B excess charges
  • Skilled nursing facilities
  • Home health care
  • Foreign travel
  • Coinsurances for Original Medicare

Best Medicare Supplement Plans in Arkansas: Enrollment Statistics

The top five largest counties in Arkansas are the following:

  • Pulaski County with 382,748 people
  • Benton County with 221,339 people
  • Sebastian County with 125,744 people
  • Faulkner County with 113,237 people
  • Saline County with 107,118 people

The Centers for Medicare and Medicaid Services, CMS, discovered that more than 474,000 Arkansas residents enrolled in Medicare Part A and/or Medicare Part B in 2017.

According to America’s Health Insurance Plans or AHIP, 172,082 Arkansas Medicare beneficiaries decided to purchase Medicare Supplement insurance plans.  The remaining most likely have employer plans, Medicare Advantage plans, Original Medicare only, stand-alone Medicare Part D plans, Retirement plans, VA benefits, or a combination of some kind for 2019.

How Many Medicare Supplement Plans in Arkansas Are Available for 2019?

Insurance companies can offer up to 10 different Medicare Supplement plans in Arkansas for 2019. Because there is a gap between the coverage you receive with Medicare and the amount that you are responsible for paying, plans that help to close this gap are called “Medigap policies.” These plans do not necessarily provide you with benefits that you wouldn’t receive from your Medicare program, but they cover the costs of Medicare-approved services so that you have lower out-of-pocket costs.

When you apply for the best health plan in Arkansas for you, you will apply with a private insurance company. This private insurance company will have a contract with Medicare, and you will need to ensure that it also has a license to sell these types of policies in your state.

You must pay a monthly Medicare Part B premium to be eligible for a plan. However, you will also be charged premiums for the Medicare Supplement insurance plan in Arkansas that you choose. Because the insurance company that sells you the best plan is private, you will be able to compare rates to find the most coverage for the lowest prices. To compare 2019 rates, make sure that you compare the following costs:

  • Monthly premium
  • Coinsurance
  • Copayments
  • Deductibles

The rates the insurance company will quote you will only pertain to one person. If you are married, you and your spouse will not be able to be beneficiaries of the same Medigap policy. You will have to apply for your own policy, but this may be beneficial because the insurance company will charge you rates that are based only upon your individual situation. Make sure that you choose the insurance company that is offering you the best benefits for the lowest rates.

Medicare Supplement Plans in Arkansas for 2019: Plan Benefits

Several Medicare Supplement insurance plans are available to you, including the following:

The best Medicare Supplement plan in Arkansas for you may be one of the above-listed plans because they all offer coverage for medical costs incurred when you are outside of the country. In addition to that, they may also provide you with extra coverage for the preventive care services that you get through Medicare Part B.

Medicare Part D drug plans are not included with Medigap plans in Arkansas. If you need coverage for prescription drugs for 2019, you will need to buy a separate Medicare prescription drug plan.

The best Medicare Supplement plan in Arkansas depends on your specific needs, however, the plan with the most robust coverage is Medicare Plan F. A beneficiary with this plan receives payment for his or her Medicare Part B deductible and obtains the most benefits overall.

Best Medicare Supplement Plans in Arkansas: When Can I Enroll?

You can enroll in the best Medicare Supplement plan in Arkansas for you during the Medigap open enrollment period. This period starts the month that you turn 65 and enroll in Original Medicare and lasts for six months. The reason that you want to enroll during this initial enrollment period is that insurance companies are not allowed to ask you health questions.  This means that regardless of your health history, you can qualify for a Medigap policy during this specific period of time.  This is known as a guaranteed issue right.

During the open enrollment period, the insurance company will require an application to be submitted, but it will not be able to deny you a policy even if you are currently having health problems. If you are unable to apply during this highly important time, you may only be able to receive Medigap plans in Arkansas if you fit into one of the following situations:

  • You have a guaranteed issue right.
  • You are retiring and losing employer coverage
  • You have other insurance that is terminating.
  • You are replacing “creditable coverage” for a pre-existing condition.
  • You moved outside your plan’s service area.

If you do not fit into a guaranteed issue right period and the insurance company refuses to offer you Medigap plans in Arkansas, you will not be able to buy a Medigap plan.  You can still potentially qualify for a Medicare Advantage plan or Medicare Prescription drug coverage for 2019.  Speaking to one of our licensed insurance agents can help you sort through which type of Medicare coverage might be best for your situation and needs.

Find the Best Rates for Medicare Supplement Insurance Plan in Arkansas for 2019?

These are some sample Medicare Supplement rates for a 67-year-old non-smoking female who lives in Pulaski County and who is interested in Medigap Plan G coverage. call for 2019 Plan F rates.

Arkansas Medicare Resources

If you are confused about Medicare Supplement insurance plans in Arkansas for 2019, visit the link below to learn the answers to your questions:

State Health Insurance Assistance Programs
Medicare.gov