Want to learn more about your Medicare options in Waterbury, Connecticut? Let’s start with the numbers: Over 16,000 residents aged 65+ in Waterbury are eligible for Medicare. But which health insurance supplement is best for retirees?
Medicare plans in Waterbury, Connecticut
The insurance quotes below reflect the average Waterbury, Connecticut, Medicare beneficiary, a 73-year-old female. Prices for supplemental insurance to add to your Waterbury, Connecticut Original Medicare may vary for older individuals or males.
Medicare Advantage plans
The odds are that about 48% of Waterbury Medicare recipients will purchase a Medicare Advantage plan. Approximately 36 different Waterbury, Connecticut, Medicare Advantage plans are available for sale in New Haven County.
The average maximum out-of-pocket cost for these plans is around $6,800. Carpenters of Connecticut and Aetna fall below this threshold, making them two of the more affordable plans. The rest have above-average out-of-pocket costs.
Anthem BCBS is the cheapest of the other three for maximum out-of-pocket expenses. It also has above-average customer service ratings. And beneficiaries will have a smaller but less costly HMO network of doctors and hospitals.
Despite their $0 premium, Connecticare and Wellcare are the most expensive, with $7,550 being their out-of-pocket maximum. After your medical costs exceed this limit, your insurance provider should cover the rest of your expenses. Additionally, Connecticare has a slight advantage over Wellcare based on customer service ratings.
The average cost of Medicare Advantage plans in Waterbury, Connecticut
| PLAN | PREMIUM | MOOP | Plan Type | Star Rating |
| Carepartners of Connecticut | $0 | $4,900 | LOCAL PPO | N/A |
| Wellcare | $0 | $7,550 | HMO | 3 |
| Anthem BCBS | $0 | $7,300 | HMO | 4 |
| Connecticare | $0 | $7,550 | HMO | 4 |
| Aetna | $0 | $6,700 | LOCAL PPO | 4 |
Medicare Supplement plans
Replacing your Medicare benefits with a private plan like Medicare Advantage can be daunting. If you’re not ready for that commitment, consider a Waterbury, Connecticut, Medicare Supplement insurance. These smaller, standardized, affordable supplements cover the coverage gaps in Original Medicare, so you don’t have to worry about them.
Your cheapest monthly premiums will come from plans with a high deductible. Plans HDF and HDG are highly comprehensive, but you’ll save a ton of money in monthly premiums if you’re willing to pay that annual deductible.
If you can’t afford a high deductible, that’s okay. Plan N is one of the cheapest plans available, offering highly comprehensive care.
Plan C is far from your cheapest option. But it’s highly comprehensive and available to all beneficiaries. Furthermore, if you enroll as early as possible, it can drastically lower your Medigap premium.
The average cost of Medicare Supplement plans in Waterbury, Connecticut
| LETTER PLAN | LOWEST PREMIUM | HIGHEST PREMIUM |
| PLAN A | $182.25 | $1,518.33 |
| PLAN B | $267.53 | $1,027.87 |
| PLAN C | $376.00 | $436.22 |
| PLAN D | $268.84 | $388.00 |
| PLAN F | $260.00 | $799.83 |
| PLAN HDF | $47.50 | $88.90 |
| PLAN G | $206.00 | $628.99 |
| PLAN HDG | $47.50 | $75.36 |
| PLAN K | $66.00 | $135.00 |
| PLAN L | $123.50 | $467.48 |
| PLAN M | $232.58 | $608.97 |
| PLAN N | $160.00 | $398.45 |
Medicare Part D prescription drug plans
How can you afford expensive prescription drugs on Medicare? Most Medicare Advantage plans come with prescription drug plans built-in. But if you stick with Original Medicare, you must also enroll in a Waterbury, Connecticut Medicare Part D to get affordable prescription drug prices.
These plans charge you a monthly premium and insist you meet an annual deductible before you get your discounted drug prices. UnitedHealthcare is more affordable than it looks, based on this chart—your total upfront costs for the year amount to $662 when calculating monthly premiums and annual deductibles.
The two plans above the affordable median are Humana and Cigna. Humana comes out on top regarding affordability because they have a smaller monthly premium. They also have better customer service.
The most affordable plans are Aetna and Wellcare. They have average customer service ratings, but their monthly premiums are less than $15. Their low monthly premiums help make it easier for beneficiaries to afford that high annual deductible.
The average cost of Medicare Part D plans in Waterbury, Connecticut
| PLAN | PREMIUM | DEDUCTIBLE | STAR RATING |
| Aetna | $7.40 | $480 | 3 |
| Wellcare | $13.00 | $480 | 3 |
| Humana | $22.70 | $480 | 4 |
| UnitedHealthcare | $29.30 | $310 | 4 |
| Cigna | $32.10 | $480 | 3 |
Special Needs plans
You may be rightfully worried about your medical costs if you have a crippling, debilitating medical disorder. There are Special Needs Plans for that with Medicare Advantage. You may have to replace your Original Medicare benefits with a private plan, but many beneficiaries with debilitating diseases (like ESRD) find great value in it.
All of the SNPs below come with an affordable $0 monthly premium. Most of them, including Aetna, come with a $7,550 out-of-pocket maximum. Aetna offers an HMO medical network, the type of network which traditionally keeps the cost of care affordably low.
The plan that can save you the most money looks to be Wellcare. It caps your out-of-pocket expenses at $3,450. Once you hit your out-of-pocket maximum, your provider’s financial responsibility is to cover your care.
There’s little difference between the remaining plans like Cigna, Anthem, or Connecticare. They all offer similar medical networks and out-of-pocket maximums. Your best bet is to call a company representative to see which plans offer the best benefits.
The average cost of Medicare Special Needs plans in Waterbury, Connecticut
| PLAN | PREMIUM | MOOP | Plan Type | Eligibility |
| Aetna | $0 | $7,550 | HMO-POS | Dual |
| Wellcare | $0 | $3,450 | HMO | Dual |
| Anthem BCBS | $0 | $7,550 | HMO | Dual |
| Connecticare | $0 | $7,550 | HMO | Dual |
| Cigna | $0 | $7,550 | HMO | Dual |
How to sign up for Medicare plans in Waterbury
If you’re having trouble choosing a supplement, please contact us. We will give you free rates to help you shop for the most affordable care. Call us at the number above, or complete our online rate form now.
