Montana 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 Montana.
After enrolling in Original Medicare, many beneficiaries discover that their coverage does not meet all of their needs. Because of this, the federal government allows recipients to purchase Medigap insurance (also known as Medicare Supplement Insurance), policies offered by private insurers in Montana that supplement the coverage provided by Original Medicare. Find more details at CMS.gov.
Cobra and Mini-COBRA in Montana
Many individuals may also be excited to hear that they can receive continuing coverage through an employee insurance policy, even after termination. In Montana, if you work for an employer with over 20 full-time employees, then federal COBRA law applies. However, if you work for an employer that has under 20 full-time employees, you may want to look into obtaining health insurance from a private insurance company. Review the COBRA law in more detail here.
Medicare Savings Programs in Montana
In some cases, Medicare beneficiaries may be able to receive additional financial help from the state of Montana. Specifically, the following four Medicare Savings Programs exist in Montana for those who qualify.
*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 (QMB): covers the costs of Medicare Part A and B premiums, as well as deductibles, copayments, and coinsurance. Individuals who earn less than $1,010 per month or couples who earn less than $1,355 monthly may qualify.
- *Specified Low-Income Medicare Beneficiary (SLMB): covers Medicare Part B premiums. Individuals or couples who make up to $1,208 or $1,622 per month, respectively, may qualify.
- *Qualifying Individual (QI): covers costs for Medicare Part B. Individuals or couples who earn less than $1,357 or $1,823 a month, respectively, may qualify.
- *Qualified Disabled and Working Individuals (QDWI): is only available to certain individuals or couples and pays for Medicare Part A. Individuals who earn up to $4,045 each month or couples who earn up to $5,425 monthly may qualify.
*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.
Montana State Health Insurance Program (SHIP)
Oftentimes, Medicare beneficiaries may have more questions about Medicare or may need assistance with a variety of issues. In light of this, the state of Montana offers additional help through the Montana State Health Insurance Assistance Program (SHIP). This organization offers advice, counseling, and professional help to Medicare beneficiaries in Montana.
In some cases, Medicare recipients may still have additional questions about signing up for coverage or other insurance-related issues. If you have additional questions regarding Medicare insurance plans you may contact a licensed sales agent at Medicare Solutions and they can help you find a plan that meets your needs.