There are 10 standardized Medicare Supplement plans (Plans A through N), each with a different combination of benefits. Medicare Supplement Insurance (Medicare Supplement)Ī Medicare Supplement plan is designed to pay for certain healthcare expenses not covered by Medicare Part A and Part B. Typically, a Medicare Advantage plan requires you to use network providers, though you may have options regarding out–of–network care. Some Medicare Advantage plans include prescription drug coverage (often for an additional monthly cost), so that you get all of your health coverage under one plan.
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These plans provide all of the hospitalization (Part A) and medical coverage (Part B) of Medicare, plus additional benefits that are not part of Original Medicare. Medicare Advantage plans are partially funded by Medicare but offered by private insurance companies. Here's a brief overview of the key differences: Medicare Advantage (MA) The answer depends on your circumstances and needs. When first exploring health care coverage options, many new Medicare beneficiaries ask: "Which is better, Medicare Advantage (MA) or Medicare Supplement insurance?" What you really need to know is which is better for you. Tips for enrolling in Medicare in New JerseyĪll plans must cover the same benefits and services as original Medicare, but costs and other benefits under Medicare Advantage plans vary.Eligibility Information & Enrollment Instructions You’ll also be signed up automatically when you turn age 65 if you’re already getting Social Security retirement benefits. If you’re eligible because of a disability, you’ll get Medicare after you’ve received 24 months of Social Security Disability Insurance. In some cases, you may be signed up for Medicare automatically. This gives you an opportunity to sign up for Medicare outside of the standard enrollment periods. If you’re already in a Medicare Advantage plan, you can switch to another one between January 1 and March 31 every year.Ĭertain life events, such as losing a job that provides you with health coverage, will trigger a special enrollment period. Medicare Advantage open enrollment period.At this time, you can join a Medicare Advantage plan or switch to a new plan. The annual open enrollment period happens between October 15 and December 7. It starts 3 months before the month you turn age 65 and ends 3 months after the month of your 65th birthday. If you’re first eligible when you turn age 65, you can sign up during this 7-month period. If you’re eligible for Medicare, you can sign up at certain times during the year. Horizon Blue Cross Blue Shield of New Jersey.In 2022, some of the companies offering Medigap plans throughout the state include: Many companies offer Medigap plans in New Jersey. These plans can help pay for Medicare copayments, coinsurance, and deductibles. Medicare supplement (Medigap) plans are offered through private insurers to cover some out-of-pocket costs for Medicare services.
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However, Medicare Advantage plan offerings vary by county, so enter your specific ZIP code when searching for plans where you live. These companies offer plans in many counties in New Jersey. Medicare New Jersey plans are available from the followingcarriers:
Original Medicare does not have an out-of-pocket limit. Once you reach the limit, the plan pays 100 percent of covered expenses for the rest of the year. One benefit of choosing a Medicare Advantage plan is the annual out-of-pocket spending limits. These plans may have additional premiums for the extra coverage. Some Medicare Advantage plans cover things like dental and vision care, nonemergency medical transportation, home meal delivery, and more. These private insurers contract with CMS and their plans must cover the same things that are covered under original Medicare. You may prefer to get coverage through private insurers that bundle Part A, Part B, and sometimes prescription drug coverage into a single Medicare Advantage (Part C) plan.
You can choose from original Medicare, Medicare Advantage, or other supplemental plans. There are a few Medicare coverage options in New Jersey.
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