Healthcare costs can be incredibly expensive, and it only seems to get worse as you age. This is a major problem for those who struggle to make ends meet and can’t afford their necessary healthcare expenses between doctor visits, medications, vaccines, and critical medical supplies. Medicare Special Needs Plans (SNPs) can help those who need more financial assistance to afford necessary healthcare, especially when their necessary healthcare is constant and extensive.
Who is Eligible?
According to the Medicare website, you qualify for a Medicare SNP if any of the following apply to you:
- You are a policyholder with both Medicare and Medicaid.
- You require long-term care in a facility or your home.
- You suffer from a chronic or disabling condition (such as diabetes, End-Stage Renal Disease (ESRD), HIV/AIDS, chronic heart failure, or dementia).
You can find an extensive list of conditions and circumstances that make you eligible for a Medicare SNP on the Medicare website here, along with more detailed information on how these programs generally operate.
How Does it Work?
Medicare Special Needs Plans (SNPs) are a special kind of Medicare Advantage Plan that is reserved for vulnerable policyholders that need more assistance to cover their healthcare costs.
Medicare SNPs are not available in all parts of the country, and the availability can change between years, so anyone interested in enrolling will need to check to find out if their area has these programs available. On top of that, requirements vary between programs, so it’s important to know how yours works and what limitations it has, such as whether it allows for out-of-network specialists, if you need a primary care provider, or how referrals are handled. These programs tend to tailor themselves to the needs of the group they serve, which can be very helpful for those who need them. All Medicare SNPs have Medicare Part D included in their plan to help cover prescription medications.
Contact Aging Benefits Advisory Today!
If you need help navigating the world of senior health insurance, our advisors at Aging Benefits Advisory are here to assist. Take advantage of our free consultation to ensure that you receive the plan for your budget and needs. We specialize in Medicare Advantage, Medicare Supplements, Dental, Vision, and Final Expense insurance for the senior market of Pinellas County, Pasco County, Manatee County, Hillsborough County, Polk County, Sarasota County, Citrus County, and Marion County, Florida. If you would like a free consultation, contact us online or give us a call at 727-800-4835. For more information, follow us on Facebook, Pinterest, and YouTube.