Rhode Island Medicare Plans
Certain individuals residing in Rhode Island may be eligible to receive insurance coverage through the Medicare program. Specifically, residents who are over the age of 65, as well as some who have qualifying ailments or disabilities, may be eligible to obtain free or low-cost coverage from the federal government. Furthermore, the state of Rhode Island offers additional assistance to individual Medicare beneficiaries under certain circumstances.
Mini-COBRA in Rhode Island
Of course, it is also important for Rhode Island residents to understand that under state law, employees who are terminated or laid off are eligible to continue receiving insurance coverage under their employer’s plan for an additional period of 18 months. The employee is still responsible for paying the subsidized premiums during this timeframe.
Supplemental Insurance Coverage
Once an individual qualifies for Medicare, he or she may opt to obtain coverage. If the beneficiary feels the coverage isn’t comprehensive enough, he or she may choose to purchase supplemental insurance to work in conjunction with Original Medicare. This supplemental insurance is known as Medigap and is available through private insurers in the state of Rhode Island.
Medicare Savings Programs
In some cases, Medicare beneficiaries may qualify to receive additional financial assistance from the state government to cover the costs of premiums, copayments, and other expenses. Rhode Island participates in the following four Medicare Savings Programs, from which you may benefit if you are deemed eligible.
- Qualified Medicare Beneficiaries (QMBs): This is available for individuals or couples who earn $1,001 or $1,348 per month, respectively, and covers a variety of costs associated with premiums, copayments, and more.
- Specified Low-Income Medicare Beneficiaries (SLMBs): This is available for individuals or couples who earn $1,197 or $1,613 monthly, respectively, and covers Medicare Part B premiums.
- Qualifying Individuals(QIs): This is available for individuals and couples who earn $1,345 or $1,814 in a month, respectively, and covers Medicare Part B premiums.
- QualifiedDisabled and Working Individuals (QDWIs): This is available for individuals or couples who make $4,009 or $5,395 per month, respectively, and pays for Medicare Part A premiums only.
Those in need of extra help paying for prescription drugs may also qualify, after which they will be eligible to receive nearly $4,000 per year in financial assistance
Along with offering financial assistance, the state of Rhode Island has also formed an organization, the Rhode Island Division of Elderly Affairs, that offers information and help to those interested in the process of applying for Medicare or with questions about coverage in general.
Furthermore, if you need assistance in your area, consider contacting the Medicare professionals at Medicare Solutions. We are prepared to help ensure you obtain the correct insurance coverage for your needs.