Medicare AdvantageMedicare Advantage (Medicare Part C) is health insurance for Americans aged 65 and older that blends Medicare benefits with private health insurance. This typically includes a bundle of Original Medicare (Parts A and B) and Medicare Prescription Drug Plan (Part D). plans in Oregon are required to provide all the same benefits as Original Medicare Parts A and BOriginal Medicare is a fee-for-service health insurance program available to Americans aged 65 and older and some individuals with disabilities. Original Medicare is provided by the federal government and is made up of two parts: Part A (hospital insurance) and Part B (medical insurance).. Many plans also offer additional benefits like dental, vision and hearing coverage.
Medicare Advantage plans set their own costs. Most Medicare Advantage plans Oregon offers have low monthly premiums and a cap on out-of-pocket spending.
As soon as you’re enrolled in Original Medicare, you’re eligible to enroll in a Medicare Advantage plan.
Most Medicare Advantage plans in Oregon include Part D prescription drug coverageMedicare Part D is prescription drug coverage for people enrolled in Medicare. Part D is optional and is offered by private insurance companies..
Oregon has a lot to offer, attracting tourists from around the country and new residents every day. Whether you’re watching sea lions on the coast or visiting Crater Lake, you need a healthcare plan that can keep up with all your adventures. Medicare Advantage plans in Oregon provide comprehensive coverage to meet your healthcare needs.
Find a local Medicare plan that fits your needs
Medicare Advantage plans, or Medicare Part C, offer Medicare beneficiaries more comprehensive healthcare coverage than Original Medicare. All Medicare Advantage plans in Oregon offer the same benefits as Original Medicare Part A and Part B. Many also offer prescription drug coverage to cover a portion of your medication costs. Finally, Medicare Advantage plans can also offer additional benefits not included in Original Medicare.
Here’s what Medicare Advantage plans cover:
- Medicare Part A inpatient hospital care
- Skilled nursing facility care
- Some home health care
- Hospice care
- Medicare Part B medical care
- Doctor’s visits
- Outpatient care
- Ambulance services
- Lab tests and X-rays
- Durable medical equipment
Additional benefits can include:
- Vision coverage
- Dental coverage
- Hearing coverage
- Fitness programs or gym memberships
- Over-the-counter pharmacy items
- Prescription medication coverage
Medicare Advantage plans in Oregon offer all these benefits in one convenient plan. You won’t need to keep track of multiple Medicare ID cards or pay several monthly premiums. Instead, your coverage is all included in a single plan with one monthly premium and one Medicare ID card.
Each Medicare Advantage plan provider in Oregon can include different coverage options. A GoHealth licensed insurance agent can help you compare plans and find a plan that gives you the coverage you need.
Original Medicare Part A and Part B have set premiumsA premium is a fee you pay to your insurance company for health plan coverage. This is usually a monthly cost. that apply nationwide, but Medicare Advantage plans don’t have a federally set cost. Each Medicare Advantage plan provider determines their own plan benefits and premiums. Some Medicare Advantage plans Oregon offers have premiums starting at $0.
Both Original Medicare and Medicare Advantage plans have copayments and coinsurance. Copayments are a flat rate you pay each time you access a covered healthcare service, and coinsurance is a percentage of the bill that you may have to pay. For example, Original Medicare has a 20% coinsurance for many healthcare services. This means that Medicare will pay 80% of the bill, and you’ll pay the remaining 20%.
Medicare Advantage plans may set lower copayments for covered services than Original Medicare. Many Medicare Advantage plans in Oregon also have a yearly cap that you will pay in the form of an out-of-pocket maximum. Once you’ve reached this limit, you aren’t responsible for copays and coinsurance for the remainder of the plan year.
Check each Medicare Advantage plan for a list of covered services and information about copays and coinsurance to help you choose a Medicare Advantage plan that’s right for you.
Are you eligible for cost-saving Medicare subsidies?
Not all Medicare Advantage plans are the same. The type of plan you have determines the cost of your plan, as well as how you access care. Here’s an overview of four main types of Medicare Advantage plans available in Oregon.
Health Maintenance Organization plans
Health Maintenance Organization (HMO) plans are one of the most common Medicare Advantage plans. HMO plans have a robust network of providers that accept your healthcare coverage.
HMO plans ask you to choose a primary care physician when you join the plan. This doctor will be your main point of contact for all your healthcare needs. You will need to get a referral from your primary physician before seeing a specialist or other care provider.
Preferred Provider Organization plans
Preferred Provider Organization (PPO) plans are also a popular option. These plans provide flexibility since you do not need to select a primary care physician. You can make appointments with other care providers without a referral. And as long as these providers are in-network, your healthcare coverage will apply.
Private Fee-For-Service plans
Private Fee-for-Service (PFFS) plans may not be available in every coverage area. These plans provide more flexibility but may come at a higher cost. If you have a PFFS plan, you can access in-network and out-of-network care. If the provider accepts your Medicare coverage, your coverage applies.
Special Needs Plans
Special Needs Plans (SNPs) have very specific eligibility criteria. You can enroll in an SNP if you have a specific chronic health condition. For example, if you have end-stage renal disease, dementia, cancer or heart failure, you may qualify for a Special Needs Plan. These plans also include prescription drug coverage, offering coverage for the medications that meet your needs. You may also qualify for a SNP if you’re eligible for both Medicare and Medicaid.
To qualify for Original Medicare, you must be a U.S. citizen or permanent resident. Most Medicare beneficiaries are over 65. However, younger adults with a qualifying health condition can enroll in Medicare before turning 65.
Once you’re enrolled in Original Medicare, the rest is easy! You only need to meet two eligibility criteria to enroll in a Medicare Advantage plan:
- You have your Medicare number, found on your Medicare ID card.
- You live in the coverage area of your new Medicare Advantage plan.
You can enroll in a Medicare Advantage plan or switch between plans during several enrollment periods. Learn more about these enrollment periods so you won’t have to pay any late penalties when enrolling in Medicare.
- Initial Enrollment Period (IEP): Your IEP is the first chance you have to enroll in Medicare. This period is seven months, so you’ll have enough time to enroll in Original Medicare, then switch to a Medicare Advantage plan. Your IEP starts three months before the month you turn 65. It includes your birthday month and then extends three more months after your birthday month.
- Medicare Open Enrollment: Also called the Annual Enrollment Period or AEP, Medicare Open Enrollment runs from October 15 to December 7 each year. It’s open to anyone who has a Medicare plan. During this period you can enroll in a new Medicare Advantage plan in Oregon, or switch between plans.
- Medicare Advantage Open Enrollment Period: From January 1 to March 31 each year, you can switch to a new Medicare Advantage plan or even switch back to Original Medicare. However, if you currently have Original Medicare, you can’t use this period to enroll in a Medicare Advantage plan for the first time.
What extra benefits and savings do you qualify for?
While Original Medicare plans do not include prescription drug coverage, most Medicare Advantage plans Orgeon do offer drug coverage. Many HMO, PPO, and PFFS plans include prescription coverage. All SNPs must include medication coverage.
Medicare Advantage plan drug coverage is similar to Medicare Part D prescription coverage. Each Medicare Advantage plan has a list of covered medications, called a formulary. You can see the formulary before you enroll in a Medicare Advantage plan. It’s a good idea to check the formulary for your current mediations, and compare the copayment or coinsurance amounts against other plans you’re considering.
A GoHealth licensed insurance agent can help you compare plans and formularies to help you find a plan that offers the right healthcare coverage for your needs.
Before 65 Guide
Understanding health insurance before age 65, especially when considering early retirement