Knoxville, Tennessee, is known as the Cradle of Country Music and is also home to many on Medicare. Currently, there are 327,044 beneficiaries in Knoxville. Just under 50% are on Medicare Advantage plans.
Knoxville, Tennessee Supplemental Medicare Plans
Knoxville is one of the largest cities in Tennessee and has a variety of supplemental plan options available for its residents. We’re going to discuss the average costs of Medicare Advantage plans, followed by the cheapest Medicare Supplement plans.
Then, we’ll talk about affordable Part D plans and Special Needs Plans. Once we’ve covered that, we’ll answer some common questions and tell you how to get help choosing the right plan option for you.
The information provided throughout this article is based on a man that’s 70 years old.
Average Medicare Advantage Plans in Knoxville, Tennessee
There are currently 162,227 Medicare beneficiaries enrolled in Medicare Advantage plans in Knoxville. 54% of women and 46% of men are choosing this option. There are 32 Medicare Part C options in Knox county.
Humana is always a great choice to consider for Medicare beneficiaries. In Knoxville, they have an HMO plan with the highest rating of 5 stars. In addition to the highest rating, the zero-dollar premium plan shown has the lowest maximum out-of-pocket.
Amerigroup, a smaller regional Medicare plan provider has an HMO-POS option with an affordable out-of-pocket maximum at $4,900. The HMO-POS plans do allow some out-of-network services, making this a good choice for beneficiaries living in rural areas.
UnitedHealthcare is the largest provider of Medicare plan options in the nation. They have a zero-premium PPO that will give freedom to beneficiaries to choose their own doctors without the need for referrals.
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Cheapest Medicare Supplement Plans in Knoxville, Tennessee
Medicare Supplements are the most comprehensive health coverage you can buy. These additional plans fill the cost left over for you. Depending on which of the Medigap plan letters you choose, you could pay little to nothing when you use your plans.
You have your choice of 10 Medicare Supplement plan options. Most people on Medicare choose between the top three plan options. Medigap plans are standardized by the federal government and the coverage must be the same regardless of where you live or which insurer you choose.
Plan N is the lowest cost of the top three plans. It’s very popular for beneficiaries that are healthy and savvy with their money. When on Plan N the only Medicare cost-share you are responsible for is the Part B deductible and excess charges. In addition to that, you’ll pay up to $20 for doctor visits and up to $50 for an emergency room visit.
Plan G is the most popular plan for beneficiaries that are new to Medicare. This option covers all your Medicare cost-share except for the Medicare Part B deductible. It also has a high deductible option called the HDG.
Plan F is the most popular plan for Medicare beneficiaries. It’s no longer available for new Medicare beneficiaries. Plan F covers all Medicare cost-share amounts you are responsible for. Similar to Plan G, Plan F has a high deductible option as well.
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Affordable Medicare Part D in Knoxville, Tennessee
When it comes to picking up prescriptions from the pharmacy, there are two ways to get Medicare drug coverage. Medicare Part C, mentioned above is one way to receive drug coverage, Part D is the other.
Part D is standalone prescription drug coverage not tied to any other plan. They are typically purchased by Medicare beneficiaries that are on Traditional Medicare, or Medicare with a Medigap Plan.
These plans are regulated by the Centers for Medicare and Medicaid Services and administered by private healthcare companies such as SilverScript and Wellcare. They consist of four phases of coverage.
The four phases are the deductible phase, initial coverage phase, coverage gap phase, and catastrophic phase. As you pick up your prescriptions throughout the year, you will move through the phases based on the costs of the prescriptions and what you pay out of pocket.
The reigning top Medicare drug plan is SilverScript by Aetna. It has a longstanding reputation of being one of the top drug plan companies. In addition, they also have the lowest premium.
Wellcare has quickly become one of the top Medicare providers. They have the second-lowest drug premium and are one of the premier Medicare insurance companies.
Clear Spring comes in third for premium. They have a lower-than-average star rating, but they’re a fairly new company. They have great coverage for the covered drugs.
Medicare Special Needs Plans in Knoxville, Tennessee
There are Medicare plans available to assist beneficiaries that have certain special circumstances. These plans are called Special Needs Plans, or SNPs.
There are three types of SNPs available. D-SNPs are designed to help low-income individuals that qualify for both Medicare and Medicaid. C-SNPs are for beneficiaries that have one or more qualifying chronic medical conditions such as diabetes, COPD, and cardiovascular disease. I-SNPs are specifically designed to help Medicare members that live in an institutionalized setting.
Bluecare Plus is a BCBS of Tennessee company. BCBS is one of the most well-known insurers for group and individual plans. They do also have options for Medicare members to choose from.
Wellcare is one of the leaders when it comes to creative benefits to assist beneficiaries that have both Medicare and Medicaid. They are owned by Centene Corporation and have been growing by leaps and bounds over the past several years.
What Medicare Advantage options are available in Knoxville, Tennessee?
In Knoxville, you have access to Medicare Part C PPO, HMO, PFFS, HMO-POS, and SNP plans. These plans are available from several different insurance providers. Many areas have options with as little as a zero-dollar monthly premium.
What’s the most popular Medigap in Knoxville Tennessee?
The most popular Medicare Supplement plan in Knoxville for people starting medicare is Plan G. For beneficiaries that were eligible for Medicare prior to 2021 Plan F is still the most popular. Plan N is growing in popularity due to its low premiums and comprehensive coverage.
Does Humana offer Medicare Plans in Knoxville, Tennessee?
Humana not only offers Medicare Advantage, Medicare Supplement, and Part D drug plans in Knoxville, but that also has a 5-star HMO with no premium. Humana is one of the top insurance carriers in Knoxville.
Signing Up for Supplemental Medicare in Knoxville, Tennessee
Knoxville has many supplemental plan options to choose from, but that means there can be confusion when comparing the options. We’re here to help guide you and ensure you understand how Medicare works and what the options can do for you.
Our licensed insurance agents are standing by to assist. They’ll share their knowledge with you and help guide you during the plan selection process.
So give us a call today. Or fill out our online request form to receive the best rates in all of Knoxville, Tennessee!