Evansville is one of the most populated cities in Indiana, and with good reason! The city has plenty of history, great cultural centers, and medical treatment centers are plentiful. To put it simply, Evansville has just about everything that a retired person could want in a city. Unfortunately, despite having such great amenities, many seniors in the city still struggle to secure access to healthcare. That’s because Medicare coverage gaps continue to keep them tied down in out-of-pocket expenses, oftentimes totaling several thousand dollars each year. For many, that’s just not an option, forcing retired seniors to either go back to work or to sacrifice their independence in some other way. Fortunately, seniors in Evansville have realized that there are two easy ways out of the Medicare coverage gaps: by enrolling in either a Medicare Advantage or Medicare Supplement plan.

Facts and Figures

  • There are 18,284 seniors living in Evansville right now.
  • There are 11 hospitals in the Evansville area where seniors can get emergency and/or in-patient care.
  • 26% of Indiana seniors have a Medicare Advantage plan.
  • 29% of Indiana seniors have a Medicare Supplement (Medigap) plan.
  • Which leaves 45% of seniors potentially uninsured or underinsured against costly Medicare coverage gaps!

As the figures above show, just under one out of every two seniors in the Evansville area don’t have the reliable and consistent access to healthcare that they both need and deserve. By relying on Original Medicare to meet their healthcare needs, they are risking thousands of dollars every year. If you’re one of those seniors, then your problems are only going to worsen with time. Healthcare professionals have long written about the problem of age-related illnesses, illnesses that become more common as you age. In addition to the increased risk of developing an additional illness, your risk of developing new or worsening symptoms related to your existing conditions also increases. That means that, while your current conditions are worsening in both frequency and severity of symptoms, you may also be developing yet another illness with a whole list of additional symptoms. The data below demonstrate just how likely that might be for you.

Disease Prevalence in Evansville, IN
Arthritis 26%
High Blood Pressure 32%
Coronary Heart Disease 7%
Diabetes 13%
Kidney Disease 2%

Healthcare Costs in Evansville, IN

As you develop new conditions and the frequency and severity of the symptoms of your existing conditions worsen, so too will your healthcare costs. At the simplest level, that’s because your need for newer and better treatments will increase alongside your general need to see the doctor more often. On a more complex level, that’s because medical costs are rising across the board. Regardless of whether or not you find yourself seeing the doctor more next year, your healthcare costs will most likely be higher than they were the year before. The bright side of these improvements to the healthcare industry is that seniors are now capable of living longer lives than ever before. Unfortunately, that also means that there will be more time in your life for your symptoms to worsen and your healthcare costs to increase. The estimates in the chart below show just how much you might be paying in Medicare coverage gaps per illness.

Disease Prevalence in Evansville, IN Annual Cost of Treatment
Arthritis 26% $291
High Blood Pressure 32% $354
Coronary Heart Disease 7% $9,084
Diabetes 13% $2,163
Kidney Disease 2% $8,220

Medicare Advantage Savings in Evansville, IN

More than a quarter of all seniors in Evansville have already switched over to a Medicare Advantage plan to take advantage of all of the additional coverage options that such plans have to offer. Since these plans are provided by private companies rather than the federal government, they are capable of customizing the plans to best suit your needs. Of course, that doesn’t mean that you will risk losing coverage options in the face of a greedy provider. The government still mandates that all providers of Medicare Advantage plans provide the same minimum level of coverage benefits as Original Medicare. So not only can you continue to enjoy your Original Medicare benefits without the worry of coverage gaps, you will also be able to add on additional coverage options in exchange for higher premiums, which the government will likely help you pay for most (if not all of) the extra cost.

Medicare Advantage plans can be great if you’re suffering from a condition that requires a heavy reliance on prescription medications because such plans can offer comprehensive prescription drug coverage. That means that seniors suffering from age-related arthritis and high blood pressure might find that a Medicare Advantage plan is their best option when it comes to prescription medications. With the addition of minor medical equipment coverage, seniors suffering from diabetes can obtain reliable and affordable access to necessities like glucose monitors and testing strips without having to worry about the costs. If you’re suffering from one or more of these illnesses, then your savings from switching to a Medicare Advantage plan could really stack up over time.

In order to save even more money on their healthcare needs, many seniors across the country have also added vision and dental care coverage directly to their Medicare Advantage plans. This is one of the prime differences between the three types of Medicare plans (Medicare Advantage, Medicare Supplement, and Original Medicare). Neither Original Medicare nor Medicare Supplement Insurance plans provide many vision or dental benefits of any kind other than what can be considered an emergency treatment by your physician. There are a few exceptions, but generally speaking it is nearly impossible to get your vision or dental care covered by either of those two insurance plans.

Medicare Supplement (Medigap) Savings in Evansville, IN

The main difference between Medicare Supplement Insurance, also known as Medigap, and Medicare Advantage insurance is that Medicare Supplement Insurance plans simply add benefits to your Original Medicare plan, whereas Medicare Advantage plans entirely replace your Original Medicare plan. Medigap insurance can further be broken down into ten different plan types: A, B, C, D, F, G, K, L, M, and N. Every one of these plans are designed to make it easier for you to afford the various Medicare coverage gaps, each to a varying extent. Since all ten plans provide some kind of benefit pertaining to Medicare Part A coverage gaps, these plans can be exceptionally helpful if you are suffering from age-related kidney or heart disease.

The first category of Medicare Supplement plans includes plan types A, D, K, and L. These four plans, as mentioned above, provide a wide range of benefits related to the coverage gaps of Medicare Part A, making it possible for you to enjoy access to things like hospitalizations, blood transfusions, and skilled nursing care without having to worry about how you’re going to afford to pay for the coverage gaps. Unfortunately, these plans do not provide any sort of benefits for Medicare Part B coverage gaps. That means that you’ll have to look into one of the other plans in order to have both Medicare Part A and Medicare Part B fully covered.

The second category of Medicare Supplement insurance plans includes plan types B, C, F, G, M, and N. Whereas the first category of plans provides coverage solely for expenses related to Medicare Part A coverage gaps, these plans provide coverage related to the coverage gaps of both Medicare Part A and Medicare Part B. That means that just about every aspect of your medical care covered by either of these parts will be free from the oppressive coverage gaps that would otherwise force you to spend thousands of dollars in out-of-pocket expenses every year. Unfortunately, Medigap type F plans will no longer be available come 2021 so enrolling in Plan F quickly is your best way of securing the most comprehensive coverage available from a Medigap plan.

Since Medicare Supplement plans cannot provide any prescription drug, vision care, or dental care coverage directly to your plan, you will have to pursue other means of obtaining these coverage options. For most seniors, Medicare Part D prescription drug coverage will be enough to cover most or all of your prescription needs. Of course, it is important to note that there is a risk of falling into the “donut hole” in Medicare Part D, which is essentially another coverage gap. In order to obtain vision and dental care coverage, you’ll have to look into another private insurance provider’s plans. Luckily, there are almost never any open-enrollment periods for vision or dental insurance plans, which means that you can enroll in these cheap plans whenever you want.

As medical costs continue to rise and your risk of developing new or worsening symptoms is increasing, it is more important now than ever before to ensure that you have access to reliable and affordable healthcare. By sticking with Original Medicare alone, you risk paying thousands or even tens of thousands of dollars in out-of-pocket expenses every single year. On the other hand, by switching to a Medicare Advantage or Medigap plan today, you can ensure that you stay safe and protected against any unfortunate medical circumstances. So don’t wait. Head over to Medigap.com today and start looking for the plan that is right for you.

Medigap Plan Minimum Monthly Premium Maximum Monthly Premium Average Estimated Monthly Premium (Part B Premium Included)
Plan A $63 $900 $617
Plan B $63 $900 $617
Plan C $63 $900 $617
Plan D $63 $1,059 $697
Plan F $63 $1,217 $776
Plan F (high deductible) $24 $900 $598
Plan G $63 $1,079 $707
Plan K $48 $900 $610
Plan L $63 $900 $617
Plan M $63 $900 $617
Plan N $63 $900 $617
by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.