Chattanooga, Tennessee, has a low cost of living that seniors on the Medicare program flock to for relocation. The mild climate and lower prices allow retirees to live on a fraction of what they would pay in other areas.
Currently, 151,656 Medicare beneficiaries live here, which is expected to grow as more baby boomers retire.
Chattanooga, Tennessee Medicare Plans
Chattanooga is the fourth largest city in Tennessee, with affordable Medicare Advantage plans and the cheapest Medigap medical coverage.
Then, we’ll review the average cost of Medicare prescription drug coverage and special needs plans. In conclusion, we’ll discuss common questions and how to get help with choosing the right Medicare option.
All costs below are based on a 65-year-old male. The price could vary depending on where you live and other factors.
Affordable Medicare Advantage plans in Chattanooga, Tennessee
Chattanooga is spread over two counties, Hamilton and Marion. Tennessee Part C benefits and options can vary depending on zip code and county, so reviewing the summary of benefits and insurance carriers is essential before choosing a plan.
Medicare Advantage plans allow you to receive your Medicare benefits in an all-in-one plan that usually includes prescription coverage and benefits not offered by Original Medicare. Over 66,000 Medicare beneficiaries in Chattanooga are enrolled in a Medicare Advantage option. Depending on where you live, you could choose from as many as 50 Medicare Advantage plans.
Aetna has one of the highest-rated PPOs in Chattanooga. In addition, it also has a zero-premium plan. Aetna is known for its prominent doctor’s network and ease of care access when traveling with its PPO options.
Amerigroup is a smaller Medicare Advantage company. They are more of a regional carrier as they are ’t in every state. They have a tremendous zero-premium HMO-POS that allows for some services out of network.
Humana stands out below, as their PPO has the lowest maximum out-of-pocket. Humana is one of the most renowned Medicare providers in the nation.
Medicare Advantage plans are required to cover medically necessary services as well are Original Medicare and provide an annual limit on the out-of-pocket costs. Benefits and prices associated with a Medicare Advantage plan will vary depending on the program and your chosen insurance company.
|PLAN||PREMIUM||MOOP||Plan Type||Star Rating|
|BCBS of Tennessee||$0||$5,700||LOCAL PPO||4|
Cheapest Medicare Supplement plans in Chattanooga, Tennessee
When it comes to affordable Medicare Supplement insurance, many places match the affordability of Chattanooga.
Medicare Supplement plans do have an additional premium on top of Original Medicare. These health insurance plans help fill the cost gaps that Medicare doesn’t pay. They are sometimes referred to as Medigap and have ten plan options you can choose from.
Plan F covers all your gaps in Original Medicare. It’s the most popular plan, but you can only enroll in Plan F if you’re eligible for Medicare before 2021. This plan is also the most expensive healthcare option. Plan F does have a lower-cost high-deductible option called the HDF.
Plan G is the same coverage level as Plan F, with one difference: Plan G doesn’t cover the small annual Medicare Part B deductible. Once this is met, the plan coverage works the same as Plan F. Like the F; Plan G also has a higher deductible option designated the HDG.
Plan N rounds out the top three Medicare Supplement health plans. It provides the most bang for your buck. With premiums considerably lower than Plan F and coverage similar to the G, it’s a solid Medigap plan option.
The difference between Plan Ns coverage and Plan G is that in addition to the Part B deductible, you have a manageable copay for doctor visits and the emergency room. Plan N also doesn’t cover excess charges, but they are very easy to avoid.
|LETTER PLAN||LOWEST PREMIUM||HIGHEST PREMIUM|
Average Medicare Part D prescription drug plans
Neither traditional Medicare nor Medigap plans cover prescription drugs. The only way to get drug coverage with Medicare is either an all-in-one Part C plan or a stand-alone Part D plan.
Both have the same standard structure outlined by the Centers for Medicare and Medicaid Services. This coverage is for the prescriptions you pick up from the pharmacy.
SilverScript by Aetna is always in the conversation about top prescription coverage. As you can see below, they have the most affordable premium for their prescription drug plan.
Making leaps and bounds and becoming a well-known Medicare provider is Wellcare. They have the second-lowest premium at just under $13 a month.
Clear Spring comes in third. Despite a lower star rating, they have solid coverage for certain prescription drugs.
Medicare Special Needs plans
Medicare Part C has plans specifically designed for beneficiaries with special needs. These Special Needs Plans help low-income people with certain chronic health conditions or living in an institutionalized setting.
The plans for low-income beneficiaries who qualify for Medicaid are called Dual Special needs plans or D-SNPs. If you have a chronic health condition like diabetes, COPD, or heart disease, you may qualify for a Chronic Special Needs Plan or C-SNP. Institutionalized Medicare beneficiarieseligibleSpecial Needs Plan or I-SNP.
UnitedHealthcare is the leader when it comes to Medicare plans throughout the nation. They have more clients on their plans than any other company. They have solid D-SNP plans in nearly every area of the United States.
Bluecare Plus is part of BCBS of Tennessee. They are a well-known company not only in Medicare but also for group and individual plans.
Wellcare is one of the leaders regarding additional benefits for its dual-eligible members. They have quickly become one of the premier Medicare Advantage companies nationwide, and here in Chattanooga, there is no exception.
Does Humana cover Chattanooga, Tennessee?
Yes! Humana offers Medicare Advantage, Medicare Drug Plans, and Medicare Supplements in Chattanooga, Tennessee. They are one of the largest nationwide Medicare plan providers.
Does Aetna offer prescription coverage in Chattanooga, Tennessee?
Aetna’s drug plans are through their Subsidy of SilverScript. SilverScript has been a top-running Medicare prescription drug company for several years. They have the lowest-cost drug plan in Chattanooga at $6.50.
What’s the most affordable Medigap plan in Chattanooga, Tennessee?
Plan N is the most affordable Medicare Supplement plan in Chattanooga. It gives an excellent level of coverage for a reasonable monthly premium. It starts at just over $80 for someone that’s 65 years old.
When’s the best time to enroll in Medicare Supplement healthcare coverage?
Enrolling in a Medigap policy during your Open Enrollment Period is generally best. The Open Enrollment Period lasts for six months after your 65th birthday. You can choose any Medicare Supplement insurance plan during this enrollment period without needing health qualifications.
What’s the difference between Original Medicare and Medicare Advantage Plans?
Original Medicare consists of Medicare Part A and Part B, and Medicare Advantage is the same thing as Medicare Part C.
Medicare Advantage plans are required to cover the same benefits as Original Medicare and can include drug coverage and extra benefits like hearing aids and gym memberships.
Which Medicare plan covers inpatient services?
Medicare Part A covers inpatient hospitals, skilled nursing facilities, and hospice services. Medigap health insurance and Medicare Advantage plans both provide coverage for inpatient services.
How to Sign Up for Supplemental Medicare in Chattanooga, Tennessee
Signing up for Supplemental Medicare coverage isn’t hard if you understand the coverages and process. Unfortunately, most people get overwhelmed. However, we can help you to understand Medicare and your supplemental coverage options.
In addition, our licensed agents can assist you with ensuring all your needs and wants are addressed. Best of all, our agents’ time and expertise are free!
Give our agents a call today. Or simply fill out our online request form to get connected with the best rates in your part of Chattanooga!