Did you know there are over 366,000 Medicare beneficiaries in Las Vegas, Nevada? But here’s the real question: do you know how many of them need a supplement plan to protect themselves from expensive Medicare coverage gaps?
Medicare plans in Las Vegas, Nevada
Residents entitled to Las Vegas, Nevada Medicare benefits can choose additional supplemental Medicare plans to help cover the costs. Medicare beneficiaries in Las Vegas tend to skew a bit young at 71 years old. Around 52% are female. Many of the rate quotes on this page will reflect this data, so keep that in mind while you’re reading.
Medicare Advantage plans
Your average Las Vegas, Nevada, Medicare Advantage plan will come with either an HMO or a PPO medical network. It’s a good idea to check and ensure that your Advantage plan has the doctors and facilities you need for the best care. But that may take a while because you’ll have 44 different plans.
Humana and Aetna are PPOs and are more expensive on average than most other plans. They start at $0 per month but allow up to $6,700 per year in out-of-pocket costs (which you will be responsible for).
UnitedHealthcare is definitely below average in price, limiting those out-of-pocket costs to $1,000. Remember, they are an HMO, which can save you money but has strict network restrictions.
Senior Care Plus and Anthem BCBS are right in the middle. Both are also HMOs. But Senior Care Plus has a better customer service rating.
The average cost of Medicare Advantage plans in Las Vegas, Nevada
|PLAN||PREMIUM||MOOP||Plan Type||Star Rating|
|Senior Care Plus||$0||$2,900||HMO||4|
Unsure whether or not Medicare Advantage is right for you? We have more answers on our Medicare Advantage FAQ pages.
Medicare Supplement plans
Medigap coverage is standardized all across the country. Each lettered plan has the same benefits in every state. So your main challenge is choosing the plan with the cheapest monthly premium.
The high-deductible versions of Plan F and Plan G are Las Vegas, Nevada’s cheapest Medicare Supplement options. Remember that this deductible could cost you thousands of dollars annually but save you as much or more in premium payments. Plus, both plans are highly comprehensive.
Medigap Plan K is the next cheapest plan. But it’s not the most popular plan – and for good reason. You are expected to pay 50% of the cost of many benefits, including expensive ones like Part B coinsurance and your Part A deductible.
Plan N is more expensive than Plan A by 29 cents, but there’s a lot of value. Plan N has many more benefits than Plan A, like coverage for skilled nursing facilities and Part B excess charges. You will have to pay a small copay in place of your Part B coinsurance.
The average cost of Medicare Supplement plans in Las Vegas, Nevada
|LETTER PLAN||LOWEST PREMIUM||HIGHEST PREMIUM|
Medicare Part D prescription drug plans
If you need prescription drug coverage, you need either Medicare Advantage or Medicare Part D. The latter is for beneficiaries who choose to stay with Original Medicare.
According to your Medicare Explanation of Benefits, your drug plan can seriously discount your prescriptions if you pay a monthly premium and meet your annual deductible.
Using the data from the chart below, you can expect the average Las Vegas, Nevada, Medicare Part D plan to cost around $360 per year. The plans that fall below this average are from Aetna or Wellcare.
Price-wise, UnitedHealthcare is right in the middle. But that depends on what your budgetary needs are. Are you willing to pay a little more each month to meet your deductible sooner? This can help you save money if your prescriptions are very expensive.
Clear Spring and Humana are both above average in cost. But Humana at least has an above-average customer service rating. Clear Spring, on the other hand, has below-average customer service.
The average cost of Medicare Part D plans in Las Vegas, Nevada
There’s a lot more to Medicare Part D than meets the eye. Reading our Part D FAQ pages can teach you more.
Special Needs plans
Then a Special Needs Plan purchased through Medicare Advantage might be a good option. These plans are designed to keep costs low because they know that you could go bankrupt otherwise getting the specialized treatment you need.
Dual eligibility is when your disease must be chronic and disabling to qualify for an SNP. The cheapest one available under these circumstances is Alignment Health. They offer an HMO medical network to reduce your expenses.
Humana’s dual eligibility PPO plan is more expensive, especially regarding your out-of-pocket costs. But it may be worth it if your specialized care needs to come from a doctor or facility that is not on an HMO plan.
Some plans only require your chronic illness to be either chronic or disabling. It doesn’t need to be both. Unfortunately, you only have HMO plans to choose from in Las Vegas. And if you want the most affordable one, start with Senior Care Plus.
The average cost of Medicare Special Needs plans in Las Vegas, Nevada
|Senior Care Plus||$0||$1,250||HMO||Chronic/Disabling|
How to sign up for Medicare in Las Vegas
Signing up for a Supplemental Medicare plan in Las Vegas, Nevada, can be complex, but we can make it easier.
Our licensed insurance agents can walk you through all the options for Medigap plans and make sure you get a Medicare supplement that fits both your needs and budget.
The agents’ time is free of charge to you, so call us today. Or complete our simple online rate form to receive the best rates in Las Vegas, Nevada, today.