Indiana 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 Indiana.
MEDICARE SUPPLEMENT INSURANCE (MEDIGAP) POLICIES
The state of Indiana does not have a requirement in place for insurers to sell Medicare Supplement Insurance policies to people who are under 65 years of age, according to CMS.
Mini-COBRA Policies (Small Group)
Indiana does not currently mandate continuation coverage for small employers. Find more details here.
Indiana Medicare Savings Program
For residents of the Hoosier State qualifying for Original Medicare, there are four 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): For individuals with a monthly income under $1,010 and couples with a monthly income under $1,355, the state pays all premiums for Medicare Part B and all copays and deductibles for Medicare Parts A and B.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): For individuals with income under $1,208 per month or couples with monthly income under $1,622, the state pays premiums for Medicare Part B.
- *Qualified Individuals (QIs): For individuals with income under $1,357 per month or couples with a monthly income under $1,823 the state pays premiums for Medicare Part B.
- *Qualified Disabled and Working Individuals (QDWIs): For individuals with monthly income under $4,045 (or couples with combined income under $5,425 a month), the state will cover premiums for Medicare Part A.
*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.
State Health Insurance Assistance Program (SHIP)
The local Indiana SHIP Program offers free, unbiased assistance to help you understand your Medicare benefits. Indiana SHIP is a confidential and one-on-one Medicare beneficiary counseling service for residents throughout the state.
The Indiana SHIP provides education, counseling, and information concerning:
- Medicare Parts A and B (Original Medicare)
- Part C Medicare Advantage Plans (i.e. HMOs, PPOs, etc.)
- Part D Prescription Drug Plans
- Medicare Supplemental Insurance (Medigap)
- Prescription assistance programs
- Long-term care insurance
- Health care rights and protections
- Low-income assistance programs
Indiana SHIP provides advocacy for Medicare beneficiaries regarding claim questions and disputes that may arise. SHIP is staffed by trained volunteers who are certified to provide Medicare beneficiaries with assistance. Indiana SHIP receives some of its funding by a grant provided through the Centers for Medicare and Medicaid Services (CMS).
(Extra Help) for Prescription Drugs
Extra Help is available for Indiana residents with limited income and financial resources to pay for Medicare prescription drug costs (Part D). 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).
As a resident of Indiana, consider consulting with one of our licensed sales agents for help when comparing Indiana Medicare Insurance Plans. An knowledgeable licensed sales agent can help you compare the plans available in your area in order to find the Medicare insurance benefits that are right for your needs.