Over 37,000 people in Reno, Nevada, are signed up for Medicare Part A and B. But many aren’t signed up for a Medicare Supplement, which puts their savings at risk due to expensive medical bills.
Medicare plans in Reno, Nevada
The biggest little city in the world is home to Medicare beneficiaries who are around 72 years old and, more often than not, female. Some of the quotes here might seem a little low if you are male or older. Medicare recipients in Reno, Nevada, have several options for enhancing their Medicare benefits.
Medicare Advantage plans
Living in Washoe County means you’ll have 28 of the best Medicare Advantage plans to choose from. And if your main priority is affordability, you will have many different factors to consider regarding Reno, Nevada, and Medicare Advantage plans.
First, you’ll have to balance your monthly premiums with out-of-pocket costs. There are many $0 monthly premium plans in Reno, including Alignment Health, which caps your MOOP costs at $999 per year.
The next most affordable plans come from either Senior Care Plus or UnitedHealthcare. But your MOOP costs with Senior Care Plus will be $1,000 cheaper yearly. Both come with HMO medical networks to reduce expenses.
The wider your medical network is, the more expensive your plan will be. Humana’s PPO network and high MOOP costs may only be affordable for beneficiaries who don’t require frequent care. And Aetna’s MOOP costs are even higher still.
The average cost of Medicare Advantage plans in Reno, Nevada
|PLAN||PREMIUM||MOOP||Plan Type||Star Rating|
|Senior Care Plus||$0||$3,400||HMO||4|
Don’t forget that you can always consult our Medicare Advantage FAQ pages for more info.
Medicare Supplement plans
Several factors determine the monthly rate you are charged for your Medigap plan. One of the most critical factors is your zip code. However, Your specific state doesn’t matter as much because these plans are standardized nationwide.
Your average Medicare beneficiary should try to balance comprehensiveness with cost. You don’t want to waste money on an expensive plan like Plan C if it offers more benefits than you need. But choosing too little coverage can be costly later if you receive the care you didn’t anticipate needing.
On the low end of the spectrum, the cheapest Reno, Nevada, Medicare Supplement plans are around $100 monthly, give or take. This means you could get something like Plan L for a more affordable monthly premium and still get many benefits.
You could get Plan G without the high annual deductible if you want to go a little higher on your monthly payments. It covers more benefits than Plan L, like Part B excess charges. And if you think you can afford a high annual deductible, you can get a much more affordable monthly premium.
The average cost of Medicare Supplement plans in Reno, Nevada
|LETTER PLAN||LOWEST PREMIUM||HIGHEST PREMIUM|
Our Medigap FAQ pages have plenty of information for beneficiaries who want to learn more.
Medicare Part D prescription drug plans
If you want affordable prescription drugs, you could sign up for a Medicare Advantage plan which usually includes prescription drug coverage.
You can also sign up for Reno, Nevada, Medicare Part D if you choose to stay enrolled in Original Medicare. And if you’re still struggling to afford your medicine, you can look into Medicare Extra Help in your state.
Affordability is in the eye of the beholder. Are you looking for the lowest monthly premium? Aetna would obviously be the most affordable in that case. But they still have a very high $480 annual deductible you must meet before you get discounts.
UnitedHealthcare might be more affordable if you can’t afford a high annual deductible and need discounts now. Yes, it’s almost $30 per month. But for some retirees, it’s worth it.
The other plans could cost you anywhere from $624 to $672 per year in just your deductible and monthly premium. Whether those plans are more affordable could depend on variables such as customer service or the variety of drugs available on the formulary.
The average cost of Medicare Part D plans in Reno, Nevada
This isn’t all there is to Medicare Part D. Reading our Part D FAQ pages can help you learn even more.
Special Needs plans.
People suffering from chronic disease can enroll in a Medicare Advantage Special Needs Plan at any age. Unfortunately, most plans in Reno require that your disease be both chronic and disabling to qualify. But some programs only need one or the other.
The only single eligibility plan in Reno is Alignment Health. It also has a low cap on out-of-pocket costs, but it’s limited to a small HMO network.
The rest of these plants have dual eligibility requirements. And many of them have expensive out-of-pocket cost requirements like Anthem BCBS. Furthermore, they also adhere to smaller HMO medical networks.
Other than alignment, Wellcare is the cheapest plan available in Reno. You will only be asked to pay $3,450 in out-of-pocket costs each year. After that, your insurance company steps in and helps with the burden.
The average cost of Medicare Special Needs plans in Reno, Nevada
|Senior Care Plus||$0||$7,550||HMO||Dual|
How to sign up for Medicare plans in Reno
We work with the best of the best Medicare Supplement providers. We diligently connect needy beneficiaries with providers who will give them the best price and quality health coverage possible.
Call us today, or use our online rate form to connect with the best rates in Reno, Nevada.