Medicare Supplement Insurance in Wichita, Kansas

Do you know about all of the potential gaps in your Medicare Parts A and B? You might be susceptible to more financial danger than you know! Anywhere you look, it is immensely difficult for seniors to have a fully comprehensive plan offered for a premium that is doable on what’s usually a fixed income. Fortunately, this is where gap insurance comes into play and can help save the day, and some lives.

Senior Medicare in Wichita: Facts and Figures

  • There are 50,992 senior citizens living in Wichita right now
  • There 10 hospitals in the Wichita area where seniors can get emergency and/or in-patient care 
  • 15% of Kansas seniors have a Medicare Advantage plan 
  • 46% of seniors have a Medicare Supplement (Medigap) plan
  • Which leaves 39% of seniors potentially uninsured or underinsured against costly Medicare coverage gaps!

Many seniors are afflicted with particular types of disease as they reach a certain age. Unfortunately, these tend to be the variety which are lingering and persistent, requiring care from diagnosis to end of life. Many can worsen over the passage of time, making medical costs skyrocket as the years pass. There is substantial evidence to suggest that seniors will likely suffer more than just one of these ailments at a time, too. That means costs doubling and tripling in a blink. Here are the more prevalent chronic diseases in Wichita.

Disease Prevalence (in Wichita)
Arthritis 24%
High Blood Pressure 29%
Coronary Heart Disease 6%
Diabetes 9%
Kidney Disease 3%

Healthcare Costs in Wichita, KS

Of course, all of us are concerned with getting the proper care and the cost of that care. Prescriptions, monitors, patient care while in the hospital, outpatient, general visits, all of these add to the entire cost. Seniors are living longer, but at times that can become just more time to pay more bills, since medical costs continue to rise annually. Considering those two factors, it’s understandable how costs can quickly become unmanageable for even those who have saved ahead of time. It is vital to be informed about today’s health care options for seniors, in order to protect your life and health into your golden years.

Disease Prevalence (in Wichita) Annual Cost of Treatment
Arthritis 24% $280
High Blood Pressure 29% $288
Coronary Heart Disease 6% $8,716
Diabetes 9% $2,159
Kidney Disease 3% $7,470

Medicare Advantage Savings in Wichita, KS

The federal government has approved Medicare Advantage as a form of private health insurance. It is open to senior citizens who are eligible to be on Medicare, even if they are not currently enrolled in a Medicare plan. Instead of the government paying for your medical bills directly, they send their contribution towards your Medicare Advantage premium, and you only owe the difference. In many cases, this ends up being zero. These plans, by law, have to cover at least Medicare Parts A and B, and more cover additional in the form of vision or dental.

Seniors who enroll in Medicare Advantage feel that they have better coverage, particularly for chronic illnesses. Common ailments for seniors – like arthritis, diabetes, and high blood pressure – are difficult to manage at best. They can necessitate medications, testing supplies, more visits to the doctor, and a plethora of additional unforeseeable costs. As these conditions gradually get worse, the cost continues to go up. Some Medicare Advantage plans can offer much more thorough coverage than Medicare alone, even with a Part D drug plan. Even with insurance plans and supplements, it isn’t a bad idea to save now,  to be better prepared for later.

With Medicare Advantage plans, you can receive much more inclusive benefits than traditional Medicare Parts A & B. They include visits to the doctor, necessary equipment, and potentially a valuable money-saving drug plan. A good portion of plans also include the option to add dental coverage or vision coverage to the policy. Because the government pays their portion of the monthly premium, the cost to seniors is drastically reduced, and in some cases can even be as low as $0 per month! Copays and coinsurance will still need to come from out-of-pocket, and there may be other items that are not covered by your insurance policy, no matter how broad it is.

Medicare Supplement (Medigap) Savings in Wichita, KS

Medigap is another type of Medicare Supplement Insurance. They work similarly to Medicare Advantage and can save money in covering gaps in traditional Medicare Part A. The most common conditions (heart disease, for example) can cost upwards of five figures just for the hospital stay and administered in-patient treatments alone. At a certain cutoff, Original Medicare plans stop paying, and any remaining balance must come from the patient’s own pocket. A Medicare Supplement Insurance plan can stop that.

Right now, there are four plans designed to cover the gaps in Part A of Medicare. These plans are A, D, K, and L. They are designed to save you money, while keeping you protected. Other plans offered cover gaps in Part A as well as Part B, but more on that below. If you don’t expect Medicare Part B to have extraneous costs and are more concerned about hospital says and associated expenses, you should know that Medigap policies which cover only Part A gaps are less expensive than others. The lower monthly cost could save even more money over time.

Medigap plans B, C, D, F, G, M, and N, cover gaps in Medicare Part A as well as select aspects of gaps in Medicare Part B. The more in-depth coverage your plan offers, the higher your monthly premium will be. However, this also means fewer out-of-pocket expenses and unexpected financial hits. Take note, Plan F is retiring soon, and will not be available for enrollment after the year 2020.

Medicare part B plans are supposed to take care of aspects that Part A does not, namely outpatient procedures, general practitioner and specialist visits, and some select pieces of medical equipment. Co-pays, coinsurance, and premiums for Original Medicare Part B can be difficult, however. There are many options to reduce this cost and help from the expenses getting overwhelming.

Medicare Supplement Insurance does not cover any prescriptions, dental, or vision care, unlike Medical Advantage. But Traditional Medicare does have Part D available, which is specifically for purchasing medical drugs. Part D is available for purchase for anyone eligible for Medicare, whether or not they have any other Medicare plan currently as their main coverage. Also available online are hundreds of alternative medical plans for dental or vision in the Wichita area, which can be found through a simple Google search.

For seniors living in Wichita, just like you, purchasing the most affordable Medicare Supplement Insurance is absolutely necessary. Not only does it protect any retirement savings, it also grants peace of mind. Sad as it is, medical costs are continually on the rise, and they do not show signs of decreasing any time soon. It’s beyond your control, but one thing that is in your hands is how well you cover yourself with a comprehensive insurance plan. We want to help you find that supplemental Medicare gap coverage plan today.

Medigap Plan Minimum Monthly Premium Maximum Monthly Premium Average Estimated Monthly Premium (Part B Premium Included)
Plan A $79 $209 $280
Plan B $107 $237 $308
Plan C $127 $270 $334
Plan D $109 $221 $301
Plan F $128 $260 $330
Plan F (high deductible) $30 $83 $192
Plan G $108 $222 $301
Plan K $50 $112 $217
Plan L $78 $158 $254
Plan M $103 $160 $267
Plan N $92 $200 $282

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