The Wyoming Legislature passed legislation prompting the Wyoming Department of Health (WDH) to study Medicaid. WDH was asked to analyze cost drivers, which includes the price of services, the number of people using them, the quantity of services being delivered or used, and the way the delivery system is constructed.
Medicare Advantage was created under the Balanced Budget Act of 1997, with an intent to better control the rapid growth in Medicare spending, as well as to provide Medicare beneficiaries more choices. But on average, Medicare Advantage plans cost 12% more than traditional Medicare. The ACA took steps to align payments to Medicare Advantage plans with the cost of traditional Medicare.
If one has Medicare part A and B, one may opt for Medicare advantage plan. This is offered by private firms which are approved by the state. If one opts for this, one need not think of a Medigap as this provides almost all the things covered by a Medigap. This is a sort of a back up plan to the original Medicare. A typical use of this plan is that it covers extra days at the hospital if the limit of days provided by the original Medicare exceeds.
Medicare advantage plans include:
One may have to pay an extra monthly premium in addition in addition to what one pays to the original Medicare and that is included in the premium of the part B premium. The medicare advantage plan provider provides the customer with a health card.
A person interested in the advantage plan has to sign for it in the initial enrollment after signing of the original Medicare policy. One may also sign during the annual coordinated election period from October 15 to December 7 during each year although the effective date of enrollment is January 1st of every year. There are also special enrollments periods for every year. But still, it’s important to stay on top of the annual enrollment period dates as that is the time when one is given a chance to change his plans if needed.
It’s really important to compare prices and the extent of cover while opting for a plan. Recent survey named “Medicare Annual Enrollment Period Beneficiary Choice & Impact Study” says that only 9.25 % of all the beneficiaries opted for a plan with least out of pocket expenses which a finding worth to look at. Many Wyoming Medicare advantage plans offer part D prescription drug benefits as well.
Part C of Wyoming Medicare provides with various benefits like affordable monthly premium, out of pocket limits, variable plan types and much more. Plan ratings are assessed every year by the Centre for medicare and medicaid services (CMS) and they change every year. Not every plan is available all over the state or in all service areas.
One has to sort out his doctor, hospital and premiums to be paid in advance to opt for a particular Medicare advantage plan. Also if one opts for this, one can’t avail the Medigap plans offered by the Medicare. Although one may decide the plan he needs by carefully studying the guide book, it’s advisable to contact SHIP (senior health insurance information program) toll-free at 1-800-224-6330 or 501-371-2782 or else, log on to
Medicare to get help in customizing a plan that suits the requirement.