Georgia Medical 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 Georgia.
Georgia law mandates continuing COBRA coverage for three months after termination of employment, allowing for these employees to benefit for this period of time. However, this law only applies to employers with two to 19 employees. Source.
Medicare Supplement Insurance Plans in Georgia
In general, Original Medicare, also referred to as Medicare Part A (hospital insurance) and Part B (medical insurance), is intended to provide basic coverage a beneficiary may need. In some cases, however, an individual may require additional insurance; here, the beneficiary has the option to purchase an additional Medicare Supplement Insurance plan, also known as Medigap. Medicare beneficiaries in Georgia may purchase a Georgia Medigap plan through one of the many insurers throughout the state in order to receive additional help paying for costs not covered by Original Medicare.
Georgia Medicare Savings Programs
Of course, there exist certain costs associated with Medicare, including premiums for Part A and Part B, as well as deductibles, coinsurance costs, and copayments. To assist Medicare recipients with these costs, the state of Georgia participates in Medicare Savings Programs that help Medicare beneficiaries with the aforementioned expenses.
In Georgia, Medicare recipients may qualify for one of the following Medicare Savings Programs.
*The following data is from 2016 and is based on federal amounts. These amounts may increase in 2017. 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): This savings program is available to individuals who make up to $1,010 per month or couples who make up to $1,355 a month and helps pay for hospital and medical insurance, as well as copayments, coinsurance, and deductibles.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): This is available to those who earn up to $1,208 (or couples up to $1,622) per month and assists with costs of Medicare Part B premiums.
- *Qualifying Individuals (QIs): Individuals who earn up to $1,357 (or couples up to $1,823) per month may qualify under this program to receive assistance with Medicare Part B premiums.
- *Qualified Disabled and Working Individuals (QDWIs): Some individuals who earn up to $4,045 (or couples up to $5,425) per month will qualify, although they must be disabled and working, under 65, and meet other requirements. This program helps pay for Medicare Part A premiums.
*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.
(Extra Help) From the State
Medicare recipients who need additional assistance paying for prescription drugs may be able to acquire further subsidies from the state. In 2016, 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).
Getting Further Help
Because the Medicare system may be complex, the state of Georgia offers additional help through a state health insurance assistance program known as Georgia Cares, a division of the Georgia Department of Human Services. This organization offers assistance to those interested in Medicare coverage.
If you have additional questions about Georgia Medicare Insurance Plans, please reach out to the licensed sales agents at MedicareSolutions.com. We are prepared to help you in any way we can, including helping you search, compare, and narrow down the Medicare options that best fit your needs.