As a Medicare beneficiary in Arkansas, you may choose to receive your Medicare benefits through Medicare Advantage (Medicare Part C), which is private insurance. You would then receive coverage through a private insurance company rather than through Original Medicare, Part A and Part B. If you opt for Medicare Advantage in Arkansas, your choice of additional benefits would depend on the zip code in which you live and on the health insurance plan you select.
The US government requires Medicare Advantage to offer at least the same benefits as Original Medicare, Part A and Part B. In Arkansas and the rest of the United States, Medicare Advantage plans are available through private insurance companies, and they cover the same hospitalization and medical benefits offered by Original Medicare. Some plans may offer additional benefits, like vision, hearing, and dental, to name a few.
As a Medicare beneficiary in Arkansas, you are required to sign up for Original Medicare, Part A and Part B, during your Initial Enrollment Period, which begins three months before you turn 65, includes your birthday month, and ends three months after that month. If you don’t sign up for Original Medicare during this seven-month span, you may enroll at a later date, during the annual General Enrollment Period, which runs from January 1 to from March 31, but you may incur a late-enrollment penalty, for as long as you remain enrolled in Medicare.
If you’re already enrolled in a Medicare Advantage plan in Arkansas but need to switch plans to obtain different coverage, you can change plans during the Annual Election Period, also called the fall Open Enrollment Period, which runs from October 15 to December 7. Your new coverage will then go into effect on January 1 of the following year.
As an Arkansas Medicare beneficiary, you may also be allowed to switch Medicare plans during Special Enrollment Periods. If you lose your current coverage, qualify for other coverage, experience changes in your current plan that affect your health benefits, move to a new address where your old plan may not be available, or go through other, specific life-changing events, you may switch Medicare Advantage plans during a Special Enrollment Period. Be aware that these periods vary according to your health plan and the reason you need to switch plans.
If for some reason you decide to leave your Medicare Advantage plan and switch back to Original Medicare, Part A and Part B, you can do so during the Medicare Advantage Disenrollment Period, which runs from January 1 to February 14 each year in Arkansas and the rest of the United States.
If you decide to sign up for private health insurance, you have a number of health plans available to you as Medicare beneficiary in Arkansas. Here’s a look at the main types of existing Medicare Advantage plans in Arkansas.
Health Maintenance Organizations (HMOs) are among the most popular Medicare Advantage plans. HMO plans generally require Medicare Advantage beneficiaries to visit doctors, health-care providers, and hospitals included in their network, and they may also require beneficiaries to get a referral from their primary doctor to receive coverage for a number of health services. Those seeking a more flexible option can sign up for an HMO Point-of-Service (HMO-POS) plan, which sometimes lets beneficiaries in Arkansas go out of network for certain health services, but generally at a higher cost.
Medicare Advantage options in Arkansas also include Preferred Provider Organization (PPO) plans, which offer even more flexibility than HMO-POS plans, letting beneficiaries choose doctors, health-care providers, and hospitals outside of the plan’s network, but again at a higher cost.
Arkansas residents also have the option to sign up for Private Fee-for-Service (PFFS) plans. These types of Medicare Advantage plans generally reserve the right to decide how much they will pay for your doctor, health-care provider, and hospital visits. PFFS plans also determine your share of each expense. Medicare Advantage beneficiaries in Arkansas may also select a Medical Savings Account (MSA) plan, which combines a high deductible with a savings account that beneficiaries use to pay for their health care expenses.
In Arkansas, Medicare Advantage beneficiaries with specific health concerns can enroll in a Medicare Special Needs Plan (SNP). A Medicare SNP limits enrollment to people with special health needs, those living in institutions, or people who qualify for both Medicare and Medicaid. SNPs offer coverage tailored to suit those specific needs. There are Medicare SNPs for HIV/AIDS patients, for example, for patients with congestive heart failure, and for those suffering from diabetes, among other things.
Medicare Advantage plans in Arkansas also include Medicare Advantage Prescription Drug plans, which combine health and prescription drug coverage (also available as stand-alone Medicare Part D plans ) into a single insurance plan.
Remember that even if you choose to sign up for a Medicare Advantage or Medicare Advantage Prescription Drug plan in Arkansas, you have to remain enrolled in Original Medicare and continue paying your Medicare Part B premiums in order keep your health coverage.
As a Medicare beneficiary, it’s important for you to compare all your available options when selecting a Medicare Advantage plan in Arkansas.
Understand that the availability and cost of Medicare Advantage plans varies depending on your state and county of residence. It’s common for premiums of a Medicare Advantage plan with the same coverage and benefits to vary between different counties within the state of Arkansas. You may find that some Medicare Advantage plans in Arkansas offer premiums as low as $0; but always keep in mind that you must continue paying your Medicare Part B premiums, no matter which Medicare Advantage plan you choose, in order to keep your Medicare insurance coverage.
Also remember that some Medicare Advantage plans may offer additional benefits beyond what is included in Original Medicare, Part A and Part B, and remember that you also need to decide whether or not you want prescription drug coverage with your Medicare Advantage policy through a Medicare Advantage Prescription Drug plan. With all these options available in Arkansas, you can see why it can be important to compare plans with the benefits and costs best suited for your individual health requirements.
To start comparing Medicare Advantage plans in Arkansas today, enter your zip code above for a customized list of plans available in your area. You can also enter your prescription drug needs to further customize your search and cost estimates.
For more information about Medicare insurance plans in Arkansas, access the following resources: