Best Medicare Advantage Plans in Wyoming for 2020
The Best Medicare Advantage plans in Wyoming for 2020 will be a good alternative to sticking with Original Medicare, even with the help of a Medicare Supplement plan. You can avoid paying all of the costs for coinsurance, copayments (copays) and deductibles that you’d otherwise have to pay for Medicare Part A and Part B, and you can even enjoy some extra coverage and perks. Shopping for Medicare Advantage plans in Wyoming for 2020 does not have to be difficult or overwhelming, particularly when you can use our website or talk to one of our licensed insurance agents for help.
Overview of the Best Medicare Advantage Plans in Wyoming for 2020
If you are eligible for Medicare, then you might want to explore Medicare Advantage plans in Wyoming. If you do opt to sign up for a Medicare Advantage plan, then you will no longer be considered to be a beneficiary of Original Medicare (Medicare Part A and Medicare Part B). Instead of relying on traditional Medicare coverage, you will have an HMO, PPO or other type of plan through a private insurance company. Luckily, there are different insurance agency options with top star ratings that offer these insurance plans, including UnitedHealthcare, so you should be able to find a great alternative to the Medicare program for yourself.
Making the decision to purchase a Medicare Advantage plan in Wyoming for 2020 is a tough decision to make, but we are here to help. This guide should help you have a better understanding of what Medicare Advantage plans and why one of them might be beneficial for you as an alternative to Original Medicare. After reading this guide and making use of our website to shop around for quotes for rates, you will know whether or not to shop for a Medicare Advantage plan in Wyoming. You’ll also have a better idea of what to expect after you are enrolled in one of these policies.
Best Medicare Advantage Plans in Wyoming: When Can You Enroll?
Unlike with Medicare Supplement insurance/Medigap, there are specific times during which you can sign up for one of these policies. These are the different periods when you can sign up for a policy:
- Medicare Initial Coverage Election Period ICEP: After you become enrolled in Medicare Part A and Part B, you’ll have the chance to sign up to become a Medicare Advantage beneficiary.
- Medicare Annual Election Period AEP: Each year from October 15 to December 7, you will have the chance to become enrolled in Medicare Part A and Part B again due to dropping your Medicare Advantage plan. This is also a time period during which you can sign up for a new Medicare Advantage policy or change policies.
- Medicare Advantage Disenrollment Period MADP: A time period when Medicare Advantage beneficiaries could once disenroll and go back to having Original Medicare (Medicare Part A and Part B), this program has now been discontinued and replaced by MA OEP.
- Medicare Advantage Open Enrollment Period MA OEP: Starting in 2019, this period is designed to run from January 1 to March 31st of each year so that you will have a chance to change your MA policy.
- Medicare Special Election Periods SEP: You don’t always have to wait for a traditional Medicare Enrollment period, since sometimes an SEP is triggered so that people can shop for Medicare Advantage plans. For example, those who go from being dual-eligible for Medicare and Medicaid to those who are no longer eligible for Medicaid, an SEP gives the opportunity to look for a Medicare Advantage plan.
Best Types of Medicare Advantage Plans in Wyoming
If you’re wondering which type of Medicare Advantage plan in Wyoming you should sign up for during your 2020 Medicare Advantage enrollment period, check out these most popular options.
PPO Preferred Provider Organization Plans (PPO) in Wyoming
- These policies, which are considered by many to offer the best mix of affordability and freedom, do have network restrictions. What makes them unique, though, is that you can actually see a doctor or go to a hospital outside of your insurance provider network. However, you’ll pay for less for care from a doctor or hospital if you do stick within your provider network service area.
- Referrals for specialist health care providers are not required for those who have this type of Wyoming Medicare Part C policy.
HMO Health Maintenance Organization Plans (HMO) in Wyoming
- These Medicare Part C policies typically have the lowest rates for monthly premiums. In fact, some have $0 premium, so you will not have to pay any rates at all for these Medicare Part C plan benefits in Wyoming.
- Unless it is an emergency situation, you’ll have to see in-network providers in order for your insurance company to pay
- You will have to see your primary care doctor (PCP) for specialist referrals with these types of health insurance Medicare plans.
Private Fee-for-Service PFFS in Wyoming
- How much you contribute for cost-sharing for your healthcare and how much your insurance company pays is determined by the policy with this unique Medicare Part C option
- There are no network restrictions with these health plans
Special Needs Plans SNPs in Wyoming
- Special Needs Plans are designed specifically for those who have chronic health conditions or institutional conditions. As an example, this is an option for those who suffer from end stage renal disease ESRD.
- Medicare Part D prescription drug plans are always included in SNPs so that beneficiaries don’t have to worry about looking for stand-alone plan options for prescription drug coverage. However, you may still want to look into the Medicare prescription drug Part D plan that is included so that you’ll know if your medication is covered.
Medicare Savings Account MSA in Wyoming
- A high-deductible Advantage policy is typically included
- Includes a savings account that beneficiaries can rely on for out-of-pocket costs for medical care, including at a doctor’s office or in a hospital, nursing home or skilled nursing facility
Enrollment Figures for Wyoming Medicare Advantage Plans
- The five largest counties in Wyoming are Laramie, Natrona, Campbell, Sweetwater, and Wyoming.
- There were 107,656 Medicare beneficiaries in Wyoming in 2018.
- 2,701 of Medicare beneficiaries in Wyoming were enrolled in Medicare Advantage in 2018.
Do Medicare Advantage Plans in Wyoming Cover Prescription Drugs?
One major thing to keep in mind when you compare your 2020 Medicare Advantage plan options in Wyoming; look for the best option for you is whether or not prescription drug coverage is included. After all, Original Medicare (Medicare Part A and Part B) does not include prescription drug coverage, and neither do Supplemental policies. Some, but certainly not all, Medicare Advantage plans do include this coverage.
If you want to enjoy this coverage, it’s best to look primarily at options that include Medicare Advantage prescription drug plans when you compare policies. Make sure that you compare the formulary and the prescription drug tiers for each policy before making your decision.
Network Restrictions for Medicare Advantage Plan in Wyoming?
- In-Network vs. Out-of-Network Within Coverage Area: HMO Medicare Advantage plans and PPO Medicare Advantage plans both cover out-of-network care in emergency situations. An HMO does not pay for out-of-network care in situations that are not considered an emergency, but a PPO will. Expect for out-of-pocket expenses to be higher when you use an out-of-network provider with a PPO.
- Traveling With Plan: Both health maintenance organization HMO plans or preferred provider organization PPO plans cover emergency care while you are traveling within the United States. Believe it or not, with a PPO, you can take advantage of out-of-network care — at a higher price — even in non-emergency situations while you’re traveling.
- Moving Across State Lines: Medicare Part A and Part B aren’t changed when you move to another state, but Medicare Advantage is, so you will need to shop for another policy.
Added Benefits of Medicare Advantage Plan in Wyoming
Some of these perks might be included in your Medicare Advantage plan:
- Hearing care, routine vision and dental care
- Wellness programs
- Silver Sneakers or other similar gym membership
- Recommendations for diet and nutrition
- Allowance for over-the-counter medication costs
- Healthy living seminars and classes
- Transportation to and from medical appointments
- Payment of some or all of the Medicare Part B premium
Here are a few changes for 2020:
- Starting in 2020, insurance companies that provide Medicare Advantage plans in Wyoming will be able to add some supplemental non-health related benefits to certain beneficiaries, such as providing help with making structural changes to the home when needed. This is designed to help those who might need help with widening doorways or installing ramps for their homes.
- The Centers for Medicare and Medicaid Services approved a 2.53% payment increase to Medicare insurers that offer Medicare Advantage plans in Wyoming.
Favorite Companies for Medicare Advantage Plans in Wyoming for 2020
To get started with your comparison of Medicare Advantage plans for 2020, you can view this summary of the larger companies:
- Laramie County Memorial Hospital: This regional insurer has enrolled about five percent of the market.
- Altius Health Plans: This small insurer offers an HMO that earned good quality ratings in Uinta County.
- Aetna: Aetna’s market share for the current year is 26 percent.
- Humana: There was no information published about Humana for the current year.
- Another notable carrier to look for is Cigna.
Depending on where you live, you may have a few different insurers to choose from. Currently, 98 percent of the members of Medicare Part C plans in Wyoming pick the top three, which are Aetna, and Memorial Hospital.
At this time, there doesn’t appear to be any Medicare Advantage plans in Wyoming with a 5-star rating. Medicare assigns star ratings that consider several different measures of quality. Medicare might release more information about star ratings during Open Enrollment, so it’s possible that a plan will earn a 5-star rating at that time.