Jeffrey Wade
AARP offers a range of Medicare plans and resources to help members save on healthcare costs. For an annual fee of $15 with automatic renewal, members can access exclusive products, discounts, and services, as well as additional resources to help navigate Medicare decisions and save on medical and prescription drug expenses. AARP Medicare plans are insured through UnitedHealthcare, the nation's leading provider of Medicare plans, and include options such as Medicare Advantage, Chronic Special Needs Plans, and Medicare Supplement plans. These plans offer benefits like dental, vision, hearing, and prescription drug coverage, helping to pay for out-of-pocket costs that original Medicare doesn't cover.
| Characteristics | Values |
|---|---|
| Medicare Savings Programs | Help with medical and prescription drug expenses |
| Medicare Supplement Insurance Plans | Insured by UnitedHealthcare Insurance Company |
| Medicare Advantage (Part C) plans | Include dental, vision, hearing, and prescription drug coverage |
| Chronic Special Needs plans (C-SNPs) | Designed for people with qualifying chronic conditions |
| Medicare Supplement (Medigap) plans | Help pay some out-of-pocket costs not covered by Original Medicare |
| Medicare Part D prescription drug plans | Help pay for prescription drugs |
| Dual Special Needs plans (D-SNPs) | Designed for those eligible for both Medicare and Medicaid coverage |
| AARP Medicare Supplement from UnitedHealthcare | Customized plans to supplement retirement savings |
| AARP Medicare Advantage from UnitedHealthcare | Medicare Advantage plans |
| AARP Medicare Plans from UnitedHealthcare | The #1 provider of Medicare plans in the nation |
| AARP membership cost | $15 for the first year with automatic renewal |
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What You'll Learn
AARP Medicare Supplement Insurance Plans
The AARP Medicare Supplement Insurance Plans are available in most states, including:
- Connecticut
- Illinois
- Indiana
- Kansas
- Mississippi
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Texas
However, they are not available in North Dakota and New York.
To enrol in an AARP Medicare Supplement Insurance plan, you must be an AARP member. Membership costs \$15 for the first year with automatic renewal and provides access to exclusive products, discounts, a free second membership, and a subscription to AARP The Magazine.
In addition to the Medicare Supplement Insurance Plans, AARP also offers Medicare Advantage (Part C) plans, Chronic Special Needs plans (C-SNPs), Medicare Part D prescription drug plans, and Dual Special Needs plans (D-SNPs). These plans provide various benefits, including dental, vision, hearing, and prescription drug coverage, depending on the specific plan chosen.
AARP also provides Medicare Savings Programs to help adults over 65 struggling to pay for medical and prescription drug expenses. These programs are not insurance but can help cover certain Medicare expenses, saving up to \$7,000 per year.
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Medicare Advantage plans
If you are interested in enrolling in a Medicare Advantage plan, you can use the Medicare Plan Finder tool on the Medicare website or contact your local State Health Insurance Assistance Program (SHIP). You can enroll during the seven-month initial enrollment period surrounding your 65th birthday after you've enrolled in Parts A and B. You can also sign up or switch plans during the annual open enrollment period, which runs from October 15 to December 7 each year.
AARP membership offers various benefits, including discounts on insurance products. While it is not specified whether these discounts apply to Medicare Advantage plans, AARP does provide resources to help members navigate Medicare options and save on drug expenses through Medicare Savings Programs.
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Medicare Savings Programs
There are four types of Medicare Savings Programs: QMB, SLMB, QI-1, and QDWI, each with different income and resource eligibility limits. These limits vary by state and go up each year. For example, the resource limits for QMB, SLMB, and QI-1 are $11,160 for one person and $17,470 for a married couple, while the limits for the QDWI program are $4,000 for one person and $6,000 for a married couple.
To enroll in a Medicare Savings Program, individuals must apply through their state, and their state will determine which program(s) they qualify for. Even if individuals do not meet the income and resource limits, they may still qualify for these programs as certain types or amounts of income or resources may not be considered in the eligibility determination.
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Medicare Supplement (Medigap) plans
A Medicare supplement policy, also known as Medigap, can cover expenses that Medicare does not. Even though Medicare covers most of your medical costs after you turn 65, there are still some gaps in its coverage. Medigap policies can cover these expenses, including deductibles, copayments, and coinsurance.
All Medigap plans cover the first three pints of blood you may need each year, either in full or in part. Some plans also cover coinsurance costs for skilled nursing facilities and hospice care, excess charges from doctors who don't accept assignments, and foreign travel health care emergencies. Medigap plans are sold by private insurance companies but are regulated by states and the federal government.
You can buy any Medigap plan available in your state, and insurers cannot turn you down or charge you more due to pre-existing health conditions during the six months after you initially sign up for Medicare Part B. After that, you could be denied or charged higher monthly premiums. Connecticut and New York are exceptions, allowing Medicare beneficiaries to buy a Medigap plan at any time without being denied.
AARP offers Medicare Supplement Insurance from UnitedHealthcare for those enrolled in Medicare Parts A and B. AARP also provides information on Medigap plans and how to choose one. They suggest contacting your State Health Insurance Assistance Program (SHIP) for personalized help.
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Medicare Part D prescription drug plans
When filling a prescription for a covered drug, you will usually pay a copayment (a set amount) or coinsurance (a percentage). The amount varies based on the drug tier, the pharmacy used, and whether you qualify for the Extra Help program. For example, if your plan has an annual deductible, you will pay the full cost of your prescriptions during this stage. In the Initial Coverage stage, you pay a copay or coinsurance, and in the Catastrophic Coverage stage, the plan pays the full amount for covered drugs.
Medicare Part D plans also cover adult vaccines not covered by Medicare Part B, including the shingles vaccine, with a $0 copay. Additionally, all Part D covered drugs have a $0 cost share in the Catastrophic Coverage stage, and a 1-month supply of covered insulin prescriptions costs no more than $35.
To choose the right Medicare prescription drug plan, build a list of the medications you take and then estimate your drug costs for a specific plan. You can also consider other factors, such as included dental coverage, extra benefits, and low monthly premiums.
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Frequently asked questions
The AARP Medicare Supplement Insurance Plan is insured by UnitedHealthcare Insurance Company or one of its affiliated companies. It is available in all states/territories except for ND, NY, AR, AZ, IL, IN, KS, MS, NC, ND, NJ, OH, OK, PA, SC, TN, and TX.
Yes, you must be an AARP member to enroll in an AARP Medicare Supplement Insurance plan. You can join AARP for $15 for your first year or $20 per year after that.
Medicare Advantage plans offer all the benefits of Original Medicare (Part A and Part B), with extras like dental, vision, hearing, and prescription drug coverage. Medicare Supplement plans help pay some out-of-pocket costs that Original Medicare doesn't cover.
The Medicare Savings Program helps people on tight budgets pay for medical and prescription drug expenses. It is not insurance but a program that pays for certain Medicare expenses. If you qualify, you’re also automatically enrolled in “Extra Help,” a government program that can help you save on prescription drug costs.
The Medicare Savings Program and “Extra Help” can save you up to $7,000 a year.
