Medicare Advantage Plans in Kansas for 2021
Seniors have to face the reality that as they get older, their healthcare needs will also increase. Without proper protection, they would surely end up having huge medical bills at the end of the year. Medicare has created a lot of health plans that aim to help seniors in their medical expenses. And one of them is Medicare Advantage. In Kansas, many seniors choose the cost-savings benefits of MA. Before the Open Enrollment Period for Medicare Advantage Plans in Kansas for 2021, they are getting ready by making a comparison shopping.
Every year, MA plans change their rates. Insurers are allowed to do so. Medicare does not sell MA plans but they oversee them. With an increase in payment, insurers made a greater profit from last year compared to the previous years. You can expect that the MA plans in the coming year will be better.
Around half a million residents in Kansas are subscribers of Original medicare. This health plan includes the coverage for Medicare Part A and Part B. However, Original Medicare leaves a lot of expenses to seniors. For that reason, some elders are now choosing Medicare Advantage plans to get better coverage for 2021. The plans, however, can change each year. For that reason, you need to get updated to know whether your current coverage is still suitable for your medical care needs.
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To keep up with the changes, though, you may use our site to help you gather free online quotes. We monitor the changing prices and coverage from major insurers in Kansas. To use our free tool, simply enter your zip code to get accurate quotes. Keep in mind that rates will vary depending on where you live. The rates for a certain plan in Kansas may be different from the prices of that plan in Montana. Thus, you need to ensure that you enter the right zip codes to get accurate quotes.
Kansas residents are not too keen on Medicare Advantage plans. It has only around 15% of Medicare subscribers who chose to have MA plans. But this is actually an increase from the last few years. And in 2021, we can expect the rates to go up.
In terms of MA plans, most seniors would choose HMOs. But it is not the case in KS. A record 41% of Kansas residents signed up for the HMO MA plan. The other 53% opted for PPOs and a small 6% chose PFFS Plans.
You may wonder why such data. It will help you better understand the reason if you know the population data of the state.
In Witchita, which is the most populated city in this state, it only recorded 390,000 residents. The next populated city is Overland Park. It has an estimated 186,000 residents. Olathe and Kansas City have less than 186,000 residents.
The majority of residents in this state are living in smaller cities. They are spread out or are living in rural areas where medical providers are scanty. It means that they have a hard time finding doctors and hospitals that are part of their plan’s network. For that reason, many of its residents who are looking for Medicare Advantage plans for Kansas in 2021 are choosing PPOs and not HMOs.
With a PPO plan, seniors can choose a healthcare facility. They can use their MA plans anywhere and they can undergo treatment in a facility even if it is not part of their plan’s network. Their plan will still cover the treatment, but only partially. Although it is quite expensive than HMOs, PPO works for a lot of seniors who want a comprehensive plan of MA.
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In Kansas, there are several insurers offering this plan. However, residents would only choose to buy from a few of these insurers. More than 90% of them choose to purchase their MA plans from the top three insurers in the state. These would include the following.
Humana
It is a popular insurer in the US. In Kansas, 33% of MA subscribers are opting for Humana’s MA plans. The reason for this is that it offers great PPOs. Furthermore, the company received a five-star rated HMO plan and HMO-SNP policy.
AARP
It is another option that captured 14% of the MA market in the state. It partnered with United Healthcare to give subscribers a massive list of network facilities. It is also the biggest insurer for MA plans in the US.
Aetna
It has a huge grip on the market in this state. It gained 45% of the enrollees for MA plans.
Of course, there are other insurers in the state. However, a small percentage of Kansas residents are signing up with them. One of the most notable ones is Coventry. It offers great plans with good ratings. Unfortunately, it fails to gain five-star ratings for its plans.
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Medicare is the one rating a health plan. It allows seniors to determine the value of the plan. But it is not the sole determining factor. Rather, seniors must also choose the plan’s prices and coverage.
In addition to MA plans, you may also look into the Supplement Plans. They are also useful in reducing your healthcare costs in 2021. Many residents in Kansas are opting for them because they do not need to find network facilities when undergoing treatment. Although they cost more than MA plans, they offer more variety. Medigap or Medicare Supplements are stable. Their prices do not change from one year to the next. They are not like MA plans that change every year.
When it comes to prescription drug costs, though, Supplement plans do not have any drug prescription program. Advantage plans, on the other hand, have Medicare Part D. However, you can always choose to purchase Part D plan separately.
To help you evaluate Medicare Advantage plans in Kansas for 2021, you may use our website. By requesting quotes based on your zip code, you will find the star ratings, coverage and prices of the available plans in your area. If you have further questions about MA plans, make sure to contact our agents to help you choose the most suitable plans for your medical care needs.