Alabama Medicare Insurance Plans
Medicare is a federally sponsored health insurance program available to those over the age of 65, as well as to individuals who have certain disabilities. At the state level, however, there exist specific organizations that help beneficiaries better understand the Medicare process, and Medicare recipients may even qualify to receive state subsidies, depending on their circumstances. Consider the following information if you are interested in obtaining Medicare coverage in the state of Alabama.
Below you’ll find general information about the different types of Medicare plans in Alabama:
- Alabama Medicare Advantage Plans cover all that Medicare Parts A and B cover with additional benefits.
- Alabama Medicare Part D plans can be paired with Medicare Parts A and B to cover the costs of prescription drugs.
- Alabama Medicare Supplement Insurance Plans can be purchased in addition to Medicare Parts A and B. These plans provide coverage for co-payments, deductibles and coinsurance, and some also cover medical services not covered by Medicare Parts A and B.
These private Alabama Medicare plans generally cost an additional amount out of your pocket, and the costs can add up over time. How much these plans cost can differ depending on the company offering the plan and on your location.
Alabama Medicare Savings Programs
Medicare can prove to be costly, especially if you need regular prescription drugs and medical attention. If you need help with these costs, you have four Alabama Medicare Savings Programs to choose from.
*The following data is from 2017 and is based on Federal amounts. If your income and resources are slightly higher, you should still apply, you may qualify for benefits even if your income is higher than the limits listed.
- *Qualified Medicare Beneficiaries (QMBs): The state pays all Medicare Part B premiums and Medicare Part A and Part B copayments and deductibles for individuals with a monthly income under $1,010 and couples with a combined income under $1,355 per month.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): The state pays the Medicare Part B premiums for individuals with a monthly income under $1,208 and couples with a combined monthly income under $1,622.
- *Qualified Individuals (QIs): The state pays for Medicare Part B premiums for individuals with a monthly income under $1,357 and couples with a combined income under $1,823 a month.
- *Qualified Disabled and Working Individuals (QDWIs): The state pays for Medicare Part A premiums for individuals with a monthly income under $4,045 and couples with a combined income under $5,425 per month.
- *Low-Income Subsidy (Extra Help) Program: In 2017, you may qualify if you have up to $17,820 in yearly income ($24,030 for a married couple) and up to $13,640 in resources ($27,250 for a married couple).
*Data from Medicare.gov
According to SSA.gov, you should be aware that several States may even disregard all resources for individuals or couples in certain categories.
Alabama State Health Insurance Program (SHIP)
Alabama Medicare plans can be difficult to understand, and knowing which plans you qualify for can be even more complicated. The Alabama State Health Insurance Program (SHIP) can help you understand your options. Alabama SHIP is the only confidential, one-on-one counseling service for Medicare beneficiaries.
Most insurance carriers offer a variety of plans, our licensed sales agents can help you shop around for the plan that would best fit your needs.