Medicare Insurance Plans in the state of Florida
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 Florida.
Below you’ll find general information about the different types of Medicare plans that may be available in Florida:
Medicare Advantage Plans cover all that Medicare Part A and Part B cover, and may include additional benefits.
Medicare Part D plans can be paired with Medicare Part A and Part B to cover the costs of prescription drugs.
Medicare Supplement Insurance Plans can be purchased in addition to Medicare Part A and Part B. These plans provide coverage for co-payments, deductibles and coinsurance, and some also cover medical services not covered by Medicare Part A and Part B.
These Medicare plans are offered by private insurance companies that are approved by Medicare. These plans generally have a monthly premium amount you are responsible for, an additional to your Part B monthly premium. The costs for these plans can differ depending on the company offering the plan and on your location.
Medicare Savings Programs in the state of Florida
Medicare can prove to be costly for some people, especially if you need regular prescription drugs and medical attention. If you need help with paying for these costs, in some cases, Medicare Savings Programs may also pay Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) deductibles, coinsurance, and co-payments if you meet certain conditions. There are four Medicare Savings Programs available in the state of Florida for which you may qualify.
*The following data is from 2017 and is based on Federal amounts. If your income from working 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 program helps pay for Medicare Part A and Part B premiums, as well as co-payments, deductibles, and cost-sharing. For individuals, the monthly income limit is $1,025, and for married couples, it is a monthly income limit of $1,374.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): The program helps pay the Medicare Part B premiums for individuals with a monthly income under $1,226, and for married couples with a combined monthly income under $1,644.
- *Qualifying Individuals (QIs): The program may pay for Medicare Part B premiums for individuals with a monthly income under $1,377 and married couples with a combined income under $1,847 a month.
- *Qualified Disabled and Working Individuals (QDWIs): The program helps pay for Medicare Part A premiums for individuals with a monthly income limit under $4,105 and married couples with a combined income limit under $5,499 per month.
*Data from Medicare.gov
(Extra Help) for Prescription Drugs
*Low-Income Subsidy (Extra Help) Program: In 2017, you may qualify if you have up to $18,090 in yearly income ($24,360 for a married couple) and up to $13,820 in resources ($27,600 for a married couple).
Other Help From the State
In order to help Medicare beneficiaries better understand the insurance system, Florida offers assistance through an organization known as Serving Health Insurance Needs of Elders, or SHINE. SHINE offers assistance to elders in the form of consultations and advice on how to navigate the system of Medicare.
Medicare beneficiaries in Florida with questions about the system can also seek out help from a Medicare Solutions licensed sales agent. The licensed sales agents at MedicareSolutions.com can provide answers to your questions and ensure you receive the help you need.