Searching Medicare Advantage Plans in New Jersey? Let PlanPrescriber be your resource for New Jersey Medicare Advantage information and plan comparisons.
Medicare beneficiaries in New Jersey can sign up for Medicare Advantage plans as an alternative to their Original Medicare coverage. Offered by private insurance companies in New Jersey, Medicare Advantage plans cover all hospitalization and medical benefits offered by Medicare Part A and Part B. New Jersey Medicare Advantage plans can offer additional benefits such as vision, hearing, and/or dental coverage.
Eligible Medicare beneficiaries in New Jersey may receive assistance on their prescription drug costs if they are enrolled in a Medicare Advantage plan that offers prescription drug coverage. The Pharmaceutical Assistance to the Aged and Disabled (PAAD) program will pay up to the annual Medicare Part D benchmark premium for Medicare Advantage Prescription Drug plan. For 2012, this benchmark premium is $36.00. PAAD will only assist with premiums related to the prescription portion of the coverage and not the medical coverage premiums of these plans.
Medicare Advantage plan availability and costs vary by state. Here are some statistics on availability of Advantage plans in the state of New Jersey:
Additionally, here are some statistics on New Jersey residents enrolled in Medicare Advantage:
Many Medicare Advantage plans in New Jersey also include prescription drug coverage. These plans, also known also known as Medicare Advantage Prescription Drug plans or MAPDs, combine health and prescription drug coverage into one private insurance plan available to Medicare beneficiaries in New Jersey.
Here are the statistics on New Jersey residents enrolled in Medicare Advantage Prescription Drug plans:
It is important to compare all your available plan options when selecting a New Jersey Medicare Advantage plan. The availability and cost of Medicare Advantage plans varies depending on your state and county of residence. Premiums for a Medicare Advantage plan with the same coverage and benefits can vary between different counties within the state of New Jersey. Please note that some Medicare Advantage plans in New Jersey may offer premiums as low as $0.
You should also decide whether or not you want prescription drug coverage with your Medicare Advantage policy through a MAPD plan. Remember that Medicare Advantage plans may offer additional benefits beyond what is included in Original Medicare coverage. Hence, it is even more important to compare plans with the benefits best suited for your needs.
To start comparing Medicare Advantage plans in New Jersey today, enter your zip code above for a customized list of plans available in your area. You can also enter in your prescription drugs to further tailor your search and cost estimations.
Data provided by the Kaiser Family Foundation.