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What Are the Choices for a Medicare Supplement Insurance Plan in Wyoming?
The state of Wyoming is known for promoting Equal Rights. The state was the first to offer women’s suffrage and the first to host a female governor. For those looking at Medicare Insurance coverage it’s important to get what you deserve. Part of this is understanding what healthcare options are available for Medicare eligible individuals and how to fill in “gaps” in coverage for expenses not covered by Medicare Parts A and B. This includes copayments, coinsurance and deductibles. Wyoming residents looking for a way to ensure they cover these “gaps” may want to consider a Wyoming Medicare Supplement Insurance plan. Also called Medigap, private insurance companies throughout Wyoming offer Medicare Supplement Insurance plans.
Wyoming residents have 8 Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits in Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to those who are newly eligible to Medicare but enrollees have been grandfathered into their plan.
As of 2020, Medicare Supplement Insurance plans will no longer sell Medigap Plans C or F to newly eligible Medicare members. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect Medicare Supplement Plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in a Medigap Plan C or F as of December 31, 2019, will be grandfathered and will be able to continue to use their plan as long as they want.
Wyoming residents looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap plan they might want to consider.
Most Popular Medicare Supplement Plans in Wyoming
Wyoming’s 8 government-approved Medicare Supplement Insurance plans protect residents in most states, including Wyoming. See below for a view of the most popular Medigap options selected by Wyoming residents. Throughout Wyoming, insurance companies which sell Medigap plans offer the same basic benefits. However, there may be different prices depending on where you live and the insurance carrier. In addition, each insurer in Wyoming may not offer each of the Medigap plans.
As reported by AHIP, among those who selected a Medigap policy in Wyoming, two-thirds (65.7%) choose Plan F, 17.2% select Plan G and 7.2% are enrolled in Plan N. Below is the breakdown of the number of Wyoming enrollees by Medigap plan type.
Source: AHIP. Reflects data through December 31, 2017.
Source: AHIP. Reflects data through December 31, 2017.
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your Wyoming Medicare Supplement Insurance plan does not include coverage for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to help you with prescription drug costs. Or you may want to consider a Medicare Advantage plan, which typically includes prescription drug coverage and may also include other benefits, such as dental, vision, hearing and gym memberships.
To learn more about your Medicare Supplement Insurance plan options in Wyoming, you can work with a SelectQuote licensed sales agent. Acting as your advocate, our licensed sales agents can guide you through the Medicare maze to better understand Medigap plan options and answer any questions you may have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare plans in Wyoming.
Wyoming residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan can also not be used to pay for any expenses for a Medicare Advantage Plan.
Wyoming Medicare Supplement Plan Enrollment Period
Initial enrollment timeframes are very important. Enrollment for Wyoming Medicare Supplement Insurance plans begins the first day of the month you turn 65 years old. You also must be enrolled in both Medicare Parts A and B in order to enroll in a Medigap plan.
Wyoming residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Wyoming residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial 6 months are you eligible for Medicare. You might be surprised to hear that enrollment can begin as early as 64 and 6 months. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. If you apply for Medicare Supplement Insurance outside of this timeframe, you will be subject to a physical exam. If you apply for Medigap coverage after the first six months of eligibility, a company can refuse to sell you a plan or premiums may also adjust depending on current health status and pre-existing health conditions.
Is a Wyoming Medicare Supplement Insurance Plan Right for You?
Your healthcare is important, and you don’t need to navigate the journey on your own. As an independent third-party company helping consumers understand Medicare options, SelectQuote is here to help you avoid the Medicare maze and ensure you receive the available Medicare benefits you deserve. Our licensed sales agents can also help you stay current with annual updates to Medicare plans made by insurance companies. As a trusted Medicare specialist, SelectQuote can help you find the right Wyoming Medicare Supplement plan to meet your needs and budget.
To ensure you are getting all the benefits you are entitled to receive, call or complete your online form today. Let SelectQuote’s personal licensed sales agents simplify the Medicare maze by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.