Rhode Island 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 Rhode Island.
Medicare Supplement Insurance (Medigap) Policies
Rhode Island does not require Medigap insurance companies to sell you a Medigap policy if you’re under 65. Though some insurance companies may still voluntarily sell Medigap policies. However it’s possible that they could cost more than Medigap policies sold to people over 65. Learn more about Medigap policies from the Outreach and Education Training workbook on CMS.gov.
Mini-COBRA in Rhode Island
In Rhode island if you work for an employer with fewer than 20 employees, you fall under Rhode Island continuation state law. If you are retiring, or lose coverage due to quitting a job or reduced work hours, you may be eligible for continuation of coverage for up to 18 months.
Rhode Island Medicare Savings Programs
In some cases, Medicare beneficiaries may qualify to receive additional financial assistance from the state government to cover the costs of premiums, copayments, and other expenses. Rhode Island participates in the following 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): This is available for individuals or couples who earn under $1,010 or $1,355 per month, respectively, and covers a variety of costs associated with premiums, copayments, and more.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): This is available for individuals or couples who earn under $1,208 or $1,622 monthly, respectively, and covers Medicare Part B premiums.
- *Qualifying Individuals(QIs): This is available for individuals and couples who earn under $1,357 or $1,823 per month, respectively, and covers Medicare Part B premiums.
- *Qualified Disabled and Working Individuals (QDWIs): This is available for individuals or couples who make under $4,045 or $5,425 per month, respectively, and pays for Medicare Part A premiums only.
*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.
Senior health insurance program (SHIP)
The Rhode Island Senior Health Insurance Program (SHIP) is part of a national partnership to help consumers make informed health care choices. Along with offering financial assistance, the state of Rhode Island has also formed an organization, the Rhode Island Division of Elderly Affairs, that offers information and help to those interested in the process of applying for Medicare or with questions about coverage in general.
Furthermore, if you need assistance about how to compare Rhode Island Medicare insurance plans, consider contacting a licensed sales agent at Medicare Solutions. We are prepared to help ensure you obtain the best Medicare insurance plans for your needs.