Thousands of Rio Rancho residents enroll in Original Medicare each year. However, many Original Medicare beneficiaries also purchase a Rio Rancho, New Mexico Supplemental Medicare plan to help them save money on healthcare treatments that Original Medicare doesn’t cover.

We’ll examine numerous Supplemental Medicare plans, their benefits, and how they can help you save money on your medical expenses.

Rio Rancho, New Mexico Supplemental Medicare Plans

Medicare Supplemental plans in Rio Rancho, New Mexico, are available to help cover the costs that Medicare doesn’t pay for. This can include benefits for vision, dental, and hearing.

We based the following information on 70-year-old female beneficiaries.

Affordable Medicare Advantage Plans in Rio Rancho, New Mexico

Rio Rancho residents have 42 different Medicare Advantage plans to choose from that can make specific healthcare treatments and bills less costly. Each policy provides unique coverage, so it’s best to thoroughly research them to learn which plan best suits your medical needs.

Below are a few prominent Rio Rancho, New Mexico Medicare Advantage plans.

Molina Healthcare offers three-star HMO (Health Maintenance Organization) Medicare Advantage plans with zero-dollar premiums and a $7,550 MOOP (Maximum Out-of-Pocket). These plans provide a $0 medical deductible. They also come with a $125 deductible on Tier 1 drugs.

Presbyterian Health also carries three-star HMO plans without premiums and a $4,000 MOOP. These plans offer a $0 medical deductible. However, these plans don’t cover prescription drugs.

Humana’s local PPO (Preferred Provider Organization) Medicare Advantage plans sport a four-star rating and carry zero-dollar premiums and a $5,200 MOOP. These plans include prescription drug coverage, offering a $0 deductible on Tier 1, 2, and 3 drugs. There’s also a $0 copay for in-network doctor visits.

PLAN PREMIUM MOOP Plan Type Star Rating
Molina Healthcare $0 $7,550 HMO 3
Wellcare $0 $7,550 HMO N/A
Presbyterian Health $0 $4,000 HMO 3
Humana $0 $5,200 LOCAL PPO 4
Aetna $0 $6,000 LOCAL PPO 3

Affordable Medicare Supplement Plans in Rio Rancho, NM

Medicare Supplement/Medigap plans are government-standardized policies that help pay for medical care that Original Medicare doesn’t cover. The benefits don’t change among states, zip codes, or insurance providers, ensuring you receive coverage nationwide. However, Medicare Supplement/Medigap plan premiums often fluctuate among states, insurance carriers, and regions.

Medigap Plan N is exceedingly popular among Rio Rancho residents due to its cost-efficient premiums and expansive coverage. Enrollees pay between $79.69 and $329.14 monthly. It doesn’t cover the Part B deductible or excess charges, though.

Medigap Plan G is another comprehensive policy that provides immense coverage for an affordable monthly rate. Premiums range between $104.70 to $336.07. However, it doesn’t cover the Part B deductible.

Medigap Plan F provides the broadest coverage of all the Rio Rancho, New Mexico Medicare Supplement plans. Monthly premiums cost $128.32 to $379.14. Plan F offers the most comprehensive coverage, including the Part B deductible.

LETTER PLAN LOWEST PREMIUM HIGHEST PREMIUM
PLAN A $89.00 $375.16
PLAN B $133.34 $301.00
PLAN C $129.30 $358.75
PLAN D $109.89 $228.89
PLAN F $128.32 $379.14
PLAN HDF $34.00 $93.80
PLAN G $104.70 $336.07
PLAN HDG $32.04 $62.47
PLAN K $42.55 $117.00
PLAN L $65.00 $234.15
PLAN M $119.18 $262.45
PLAN N $79.69 $329.14

Average Medicare Part D in Rio Rancho, NM

Most Medicare Advantage plans don’t cover drug costs, and Medigap plans don’t pay for prescriptions. However, Rio Rancho residents can purchase an independent Medicare Part D policy from their private insurance carrier that will lower the price of their medications.

Aetna offers three-star Medicare Part D plans with $7.60 premiums and a $480 annual deductible. These plans are the most affordable Medicare Part D plans currently available. They offer a $0 deductible on Tier 1 prescription drugs.

UnitedHealthcare Medicare Part D plans sport a four-star rating and have $29.40 premiums and a $310 annual deductible. That deductible shrinks to $0 for Tier 1 drugs. Using a Preferred Pharmacy, beneficiaries are only responsible for 40% of drug costs at maximum.

Elixir sells three-star Part D plans with $31.40 monthly premiums and $480 annual deductibles. Copays start low with these plans, coming in at just $1 for Tier 1 drugs. At maximum, beneficiaries only have to pay 29% of drug costs.

PLAN PREMIUM DEDUCTIBLE STAR RATING
Aetna $7.60 $480 3
Wellcare $8.70 $480 3
Humana $22.70 $480 4
UnitedHealthcare $29.40 $310 4
Elixir $31.40 $480 3

Medicare Special Needs Plans in Rio Rancho, NM

Residents with disabling conditions and mental handicaps can purchase a Special Needs Plan (SNP). Special Needs Plans are a subdivision of Medicare Advantage plans tailored for individuals with learning handicaps and chronic disabilities. Although these plans have several advantages, SNPs aren’t readily available in every Rio Rancho zip code.

WellCare provides HMO Special Needs Plans with zero-dollar premiums and a $3,450 MOOP. Interested parties must have both Medicare and Medicaid to qualify (dual eligibility). These plans cover Parts A, B, and D, meaning they also cover prescription drugs.

UnitedHealthcare carries local PPO Special Needs Plans with $4.20 premiums and a $7,550 MOOP. Enrollees must have a chronic or disabling condition to qualify. These plans cover vision, hearing, and dental.

Blue Cross Blue Shield offers residents with dual eligibility local PPO SNPs with $18.30 monthly premiums and a $7,550 MOOP. The insurance carrier also offers HMO Special Needs Plans with $34.30 monthly premiums and a $7,550 MOOP to dual-eligible enrollees. For those who qualify for the Extra Help program, there are $0 copays on many prescription drugs.

PLAN PREMIUM MOOP Plan Type Eligibility
Wellcare $0 $3,450 HMO Dual
Amerigroup $0 $6,700 HMO Chronic/Disabling
UnitedHealthcare $4.20 $7,550 LOCAL PPO Chronic/Disabling
Blue Cross Blue Shield $18.30 $7,550 LOCAL PPO Dual
Presbyterian Health $34.30 $7,550 HMO Dual

FAQs

When should I sign up for Medicare in Rio Rancho, NM?

Rio Rancho residents can enroll in Medicare three months before their 65th birthday. Qualified citizens under 65 can also sign up for Medicare if they have a disabling condition, ESRD (End-Stage Renal Disease), or ALS (Lou Gehrig’s disease).

When can you change Medicare Advantage plans in Rio Rancho, NM?

Beneficiaries can only change their Medicare Advantage plan during the Open Enrollment, the Initial Enrollment Period, or the Medicare Advantage Open Enrollment period. Open Enrollment runs from October 15th to December 7th, while Medicare Advantage Open Enrollment begins January 1st and ends March 31st.

However, some beneficiaries can switch their Medicare Advantage plan during the Special Enrollment Period if they qualify.

Who qualifies for Medigap in Rio Rancho, NM?

Residents 65 years old or older currently enrolled in Medicare Part A and Part B (Original Medicare) qualify for a Medigap plan in Rio Rancho, NM.

However, beneficiaries under 65 don’t qualify for Medigap policies even if they have end-stage renal disease or a disability.

What drugs are covered by Part D in Rio Rancho, NM?

It depends on the Part D plan you purchase. Every Medicare Part D plan covers numerous prescriptions, including generic drugs and protected class medications.

Each plan has a covered prescriptions list called a formulary that will inform you of the drug coverage included in the policy. Always research each Medicare Part D plan formulary to ensure it covers your medications.

What does Part A cover in Rio Rancho, NM?

Medicare Part A is often referred to as hospital insurance since it covers inpatient care and other hospital services. Below are just some benefits Medicare Part A provides.

How to Sign Up for Supplemental Medicare in Rio Rancho

Signing up for a Rio Rancho, New Mexico Supplemental Medicare plan has never been more straightforward, thanks to Medigap.com.

Our team guides you through the Supplemental Medicare process, allowing you to find an excellent policy that fits your specific medical needs.

Call us today. Or complete our online rate form to get current Rio Rancho New Mexico Supplemental Medicare rates today!

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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.