Maine Medicare Plans
For the most part, Maine Medicare plans are similar to all other states. However, Maine does vary a bit from federal requirements when it comes to Medicare Supplements.
Federal law requires insurance companies to give beneficiaries a six-month open enrollment period when they get Medicare Part B.
However, Maine’s state law requires that each insurance company also offer Medicare Supplement Plan A for sale to anyone and with no restrictions on health for one month each year. This guaranteed-issue open enrollment is determined by the individual insurance carrier.
This is good news for Maine Medicare beneficiaries because Medicare Supplements cover the deductibles, copays, coinsurance, and more that Original Medicare doesn’t, saving thousands of dollars. It also gives you the freedom to see any doctor that accepts Medicare.
Maine Medicare plans open enrollment
Medicare beneficiaries in Maine are eligible for Medicare at age 65. Initial enrollment begins three months before your birth month and lasts three months after. During initial enrollment, you can also apply for Medicare Supplements.
Although you can enroll in a supplement at any time, initial enrollment is the best time to do so because you cannot be turned down due to your health for ANY plan. After this initial enrollment, there is a one-month window for Medigap plan A if you are a Maine resident.
Medicare Supplements in Maine cover some or all of the deductibles and coinsurance left over by Original Medicare.
This can save you thousands of dollars because Medicare only covers about 80% of your outpatient expenses. Original Medicare also does not have any limits on out-of-pocket costs. A supplement would put a cap on your out-of-pocket spending.
Another overlooked feature is you are not limited to any networks and choose to see any doctor that accepts Medicare.
There are 10 plans lettered A through N that offer standardized coverage. This means all plans lettered the same have to offer the same coverage and the only difference is price. So, be sure to shop your coverage. Or, you can use our service to save you both time and money as we will do all the shopping for you!
After the end of 2019, new Medicare enrollees will no longer be able to select Medigap Plans C or F in Maine. Beneficiaries who already have these plans will be able to keep them.
Because these plans are standardized by the federal government, the only difference will be in price. Be sure you have someone shopping the policy to make sure you’re getting the best deal.
Medicare Advantage plans
Maine has up to 31 Medicare Advantage plans available, depending on what county you live in. Also known as Medicare Part C plans, Medicare Advantage is a private Medicare plan that provides all Original Medicare benefits but also include extra benefits like dental, prescription drugs, and vision coverage.
Medicare Part D
While Original Medicare and Medicare Supplement plans don’t offer coverage for prescription drugs, there is an option to enroll in Medicare Part D. There are 26 Part D plans available in Maine in 2019. If you don’t want to pay out-of-pocket for your prescriptions, be sure to look into Medicare Advantage or a standalone Part D plan.
How we can help
Our licensed Maine Medicare Plans specialists are available to help you at absolutely no charge to you. We pride ourselves on assisting you finding you a plan that fits your needs. Because Medicare Supplement plans are required by law to offer standardized coverage, the only difference will be price. We will shop your policy and find you the lowest price.
Let us provide our free assistance so you can feel comfortable knowing you’re getting the best value for your healthcare coverage.
This guide can be helpful if you’re considering buying a Medigap policy or already have one. It’ll help you know how Medicare Supplement plans work.
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