Rhode Island Medicare Insurance Plans
Certain individuals residing in Rhode Island may be eligible to receive insurance coverage through the Medicare program. Specifically, residents who are over the age of 65, as well as some who have qualifying ailments or disabilities, may be eligible to obtain free or low-cost coverage from the federal government. Furthermore, the state of Rhode Island offers additional assistance to individual Medicare beneficiaries under certain circumstances.
Mini-COBRA in Rhode Island
Of course, it is also important for Rhode Island residents to understand that under state law, employees who are terminated or laid off are eligible to continue receiving insurance coverage under their employer’s plan for an additional period of 18 months. The employee is still responsible for paying the subsidized premiums during this time frame.
Supplemental Insurance Coverage
Once an individual qualifies for Medicare, he or she may opt to obtain coverage. If the beneficiary feels the coverage isn’t comprehensive enough, he or she may choose to purchase supplemental insurance to work in conjunction with Original Medicare. This supplemental insurance is known as Medigap and is available through private insurers in the state of Rhode Island.
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 Secure.ssa.gov, you should be aware that several States may even disregard all resources for individuals or couples in certain categories.
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.