Wyoming 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 Wyoming.
Medicare Supplement (Medigap) Policies
Federal law, nor Wyoming state law, require Medigap insurance companies to sell you a Medigap policy if you’re under the age of 65. Some insurance companies may still voluntarily sell Medigap policies to people under 65, who have Medicare due to a disability or End-Stage Renal Disease, but they could end up costing more than Medigap policies sold to people over 65.
Wyoming Medicare Savings Program (premium support)
Wyoming has 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 for couples with monthly income under $1,355, the state pays all premiums for Part B and all Co-Pays and Deductibles for Parts A & B
- Specified Low-Income Medicare Beneficiaries (SLMBs): For individuals with a monthly income under $1,208 or couples with monthly income under $1,622, the state pays premiums for Part B.
- Qualified Individuals (QIs): For individuals with a monthly income under $1,357 or for couples with monthly income under $1,823, the state pays premiums for Part B.
- 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.
Mini-COBRA Policies (small group)
If you work for an employer with less than 20 employees and lose your coverage due to retirement, quitting a job, or reduced work hours you may qualify for Mini-COBRA under Wyoming continuation state law. You may be eligible for up to 12 months of continuation coverage through your previous employer, though you may have to pay the entire premium plus an administration fee.
Wyoming State Health Insurance Information Program (WSHIIP)
Wyoming has a program called WSHIIP, which is federally mandated and provides information and assistance to understanding the ins and outs of Medicare to any individuals who have Medicare. Trained counselors are available in almost every county.
Low-Income Subsidy (“extra-help”) for Prescription Drugs
In 2016, you may qualify if you have up to $17,820 in yearly income ($24,030 for a married couple).
If you live in Wyoming, you can consult with one of our Medicare licensed sales agents to get personal assistance that is specific to your area. One of our licensed sales agents can compare Wyoming Medicare insurance plans in your area and help you find the Medicare insurance benefits that best fit your needs.