Montana Medicare Insurance Plans
Medicare insurance is meant to assist the most vulnerable members of the population. It is a federally sponsored insurance program, and it is available to individuals over the age of 65, as well as some who are disabled or who have other serious ailments.
And while Medicare is administered on a national level, state governments provide additional help for residents receiving this type of insurance. If you receive or are interested in Montana medicare insurance plans assistance, consult the following information and speak with a professional for extra assistance.
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.
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. Under federal law, if you work for a qualifying employer, you may retain coverage for up to 18 months after leaving your job.
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 Secure.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. Such individuals would be best served by comparing Montana Medicare insurance plans and contacting a licensed sales agent at Medicare Solutions for questions related to plans that meet their needs.