Your Guide to Alaska Medicare Supplement Plans in 2020
Medigap is nearly identical across state lines. But, because the plans may carry the same benefits, it doesn’t mean the pricing is equal across the board.
In the content below, we’ll discuss pricing, drug coverage, and the best bang for your buck.
Medicare Supplement Plans in Alaska Explained
Nearly 98,000 people in Alaska have Medicare. Of those 98,000 residents, just about 39,000 have Medigap.
Medigap helps bridge the gap that beneficiaries often face with health care expenses. Medicare covers 80% of your medical costs for approved treatments. But, that still leaves you with a part to pay.
Alaska has 13 different private insurance carriers who offer Medigap. And while Alaska shares the same Medigap plans as other states, a select few remain the most popular.
Understanding Why You Should Choose Medigap in Alaska
What better way to learn something than through example? Below, we’ll take a look at Kristen’s story
Kristen really wants a smaller premium, she may prefer Plan N. She can expect to pay around $90 a month.
Also, Kristen is considering the High Deductible Plan G. While this doesn’t tend to be the most popular option, many people still prefer these plans.
If Kristen goes this route, she could plan on paying around $30 a month. But, she may pay more out of pocket.
Finally, Kristen may find that Plan G is the best fit for her. While it tends to be more costly than the other options, it’s more comprehensive.
Kristin can plan on paying around $107 a month. When looking for Medigap, keep in mind, prices can vary by state.
Kristen may pay $107 a month for Plan G in Anchorage. But if she were to move to Fairbanks, she may see a spike in costs.
Medicare Advantage Policies in Alaska
Most beneficiaries in Alaska won’t have access to an Advantage policy.
Alaska is a very rural state, and often times these plans aren’t available in rural areas.
Even though Advantage policies aren’t available in Alaska, some employers provide employer-sponsored Medicare Advantage plans to retirees.
Medicare Part D Drug Plans in Alaska
Part D coverage is part of Medicare that will help cover most of your prescriptions.
Alaska offers 22 stand-alone Part D drug plans to Medicare beneficiaries.
Just about 39,000 people have some form of prescription coverage in the state.
Part D costs in Alaska range from $16-$98 a month.
The best plan for you is the option that saves you the most during the year.
Don’t just choose the lowest monthly premium; you want to make sure your prescriptions have coverage under your plan.
Also, you want to be sure the policy provides you with the most value.
Choosing a Medicare Supplement Plan in Alaska
By all means, you can hunt for the best Medigap policy on your own. But do you really want to? Especially with an experienced team of Medicare experts here to help you.
Our agents are here to answer any Medicare questions you may have. We’ll walk you through the entire enrollment process from the start till finish.
Call the number above for help right away. Or, if you prefer, complete the online rate form to get your rates now!