AARP Medicare Plans 2021
Medicare is a medical insurance program that was created to help seniors take care of their healthcare costs without having to incur too many out-of-pocket expenses. Seniors become increasingly concerned about their health when age sets in and comes with a fair share of medical concerns. It is comforting to have this funded healthcare cover to fall back on when they need it the most.
The lineup of AARP Medicare plans for 2021 offers seniors the ability to handle the bulk of their medical bills with minimal out-of-pocket expenses. Let us dive right into how seniors stand to benefit from purchasing these supplemental plans from AARP.
For decades, AARP has been offering senior-based products starting with their paid-membership packages for retirees. The company has since expanded to include insurance services for all age groups. They are one of the much-sort after Medicare Supplement underwriters.
AARP offers Medicare Supplement plans that are similar to what other insurers provide in terms of the level of coverage. However, they have a distinct lineup of Medigap plans packaged to give seniors additional benefits like discounts. Other perks include gym memberships, counseling services, and 24-hour access to medical facilities and healthcare professionals. They also connect seniors with healthcare professionals or medical facilities where they can access medical services with their AARP Medigap plan. Their pricing guide also differs from the rates that other insurance providers sell these covers.
AARP’s plans are competitively priced and beneficiaries are assured of getting value for their money. Take a look at the rates you stand to get when purchasing a Medigap cover from AARP. We can provide a list of the Medicare Supplement plans AARP sells and a comparison with the rates of Medigap plans from other insurance providers. This will help you figure out how you stand to benefit from getting an AARP Medicare Supplement.
Worth mentioning, AARP sells Medicare Advantage plans (a high-value alternative to Original Medicare), Medicare Supplements ( the additional plan you team up with Original Medicare for added coverage), and the Part D Medicare plan (prescriptions drug cover).
The federal government’s independent agency U.S. SSA (Social Security Administration) rolled out the Medicare program in 1966. It is a national health insurance program and currently, CMS (Centers for Medicare and Medicaid Services) administers Original Medicare. Seniors aged 65 and above, people under 65 on disability and social security, and those suffering from the end-stage renal disease are eligible to receive Medicare coverage.
A few people are also dual-eligible meaning that they can receive both Medicare and Medicaid coverage. Medicaid is a state and federal program that assists U.S. residents with limited income to take care of their medical costs.
Medicare Supplements or Medigap plans came into the picture to help seniors bridge financial holes left behind by Original Medicare. CMS outlines the minimum level of coverage Medicare Supplement plans should provide, but they do not directly offer these plans. Private insurance providers like AARP sell these supplemental policies.
Medicare Advantage plans offer a powerful level of Medicare coverage, and within agreeable confines, AARP floats their take of this high-value plan. CMS requires that insurers selling the Part C plan must bundle it with the basic Medicare coverage (Part A and B). It’s at the discretion of each insurer to then package these plans as attractively as they can with added perks like coverage for checkups and prescription medication. They are part of the lineup of AARP Medicare plans for 2021 worth exploring. Their premiums start from $0 to several hundred dollars depending on the level of coverage you go for as well as the annual deductibles.
Medicare Supplements / Medigap covers bridge the gap when it comes to the medical costs that Original Medicare does not payout. Essentially, it is not a standalone healthcare cover and it works hand in hand with the basic Medicare plan. These plans help seniors meet the costs related to deductibles (the out-of-pocket amount beneficiaries have to meet before the policy kicks in), hospice care, blood usage, copayments, and professional nursing care.
There are 11 Medicare Supplements denoted in the form of letters including Parts A, B, C, and D, and plans F, F high deductible, G, K, L, M, and N. Some are no longer offered for sale, and AARP also sells just a few of these Medicare plans. Plan F is one of the discontinued Medigap covers, and AARP underwrites this plan. What it means is that they pay out claims made by beneficiaries who are currently enrolled in this plan. However, seniors looking to purchase Medigap plans henceforth will not have the option of purchasing Plan F.
Medicare Part D is an add-on option to Orignal Medicare and it’s available for purchase separately. However, seniors must already have Original Medicare before they can opt for this plan. It takes care of prescription drugs and AARP sells it as either a standalone plan to accompany Original Medicare or an integrated part of the Medicare Advantage cover.
Do AARP Medicare Plans For 2021 Work For You?
AARP goes beyond just offering Medicare products for sale and they package their plans to provide greater value. Truth be told, the premiums accompanying AARP Medicare products lean on the higher side, and cost can make the choice tougher for seniors looking into purchasing these plans.
The consensus is that the value outweighs the cost and you can still settle for one of these plans at a competitive rate. Our site can get you started on the process of settling for a suitable AARP Medicare plan for 2021. A search on our site will point you towards the direction of the AARP listings within your local area, and this should also help you figure out what you are looking at paying.
Worth noting is that the prices of these plans are subject to change annually but the element that stays constant is the amount of coverage they provide. Feel free to consult with us and we can help you select an AARP Medicare product to meet your specific medical needs.