Thousands of Rio Rancho residents enroll in Original Medicare each year. However, many Original Medicare beneficiaries also purchase a Rio Rancho, New Mexico Supplemental Medicare plan to help them save money on healthcare treatments that Original Medicare doesn’t cover.
We’ll examine numerous Supplemental Medicare plans, their benefits, and how they can help you save money on your medical expenses.
Medicare plans in Rio Rancho, New Mexico
Medicare Supplement plans in Rio Rancho, New Mexico, are available to help cover the costs that Medicare doesn’t pay for. This can include benefits for vision, dental, and hearing.
The prices for Rio Rancho, New Mexico, Medicare beneficiaries are based on 70-year-old female beneficiaries.
Medicare Advantage plans
Rio Rancho residents have 42 different Medicare Advantage plans to choose from that can make specific healthcare treatments and bills less costly. Each policy provides unique coverage, so it’s best to thoroughly research them to learn which plan best suits your medical needs.
Below are a few prominent Rio Rancho, New Mexico, Medicare Advantage plans.
Molina Healthcare offers three-star HMO (Health Maintenance Organization) Medicare Advantage plans with zero-dollar premiums and a $7,550 MOOP (Maximum Out-of-Pocket). These plans provide a $0 medical deductible. They also come with a $125 deductible on Tier 1 drugs.
Presbyterian Health also carries three-star HMO plans without premiums and a $4,000 MOOP. These plans offer a $0 medical deductible. However, these plans don’t cover prescription drugs.
Humana’s local PPO (Preferred Provider Organization) Medicare Advantage plans to sport a four-star rating and carries zero-dollar premiums and a $5,200 MOOP. These plans include prescription drug coverage, offering a $0 deductible on Tier 1, 2, and 3 drugs. There’s also a $0 copay for in-network doctor visits.
The average cost of Medicare Advantage plans in Rio Rancho, New Mexico
| PLAN | PREMIUM | MOOP | Plan Type | Star Rating |
| Molina Healthcare | $0 | $7,550 | HMO | 3 |
| Wellcare | $0 | $7,550 | HMO | N/A |
| Presbyterian Health | $0 | $4,000 | HMO | 3 |
| Humana | $0 | $5,200 | LOCAL PPO | 4 |
| Aetna | $0 | $6,000 | LOCAL PPO | 3 |
Medicare Supplement plans
Medicare Supplement plans are government-standardized policies that help pay for medical care that Original Medicare doesn’t cover. The benefits don’t change among states, zip codes, or insurance providers, ensuring you receive coverage nationwide. However, Medicare Supplement plan premiums often fluctuate among states, insurance carriers, and regions.
Medigap Plan N is exceedingly popular among Rio Rancho residents due to its cost-efficient premiums and expansive coverage. Enrollees pay between $79.69 and $329.14 monthly. It doesn’t cover the Part B deductible or excess charges, though.
Medigap Plan G is another comprehensive policy that provides immense coverage for an affordable monthly rate. Premiums range from $104.70 to $336.07. However, it doesn’t cover the Part B deductible.
Medigap Plan F provides the broadest coverage of all the Rio Rancho, New Mexico Medicare Supplement plans. Monthly premiums cost $128.32 to $379.14. Plan F offers the most comprehensive coverage, including the Part B deductible.
The average cost of Medicare Supplement plans in Rio Rancho, New Mexico
| LETTER PLAN | LOWEST PREMIUM | HIGHEST PREMIUM |
| PLAN A | $89.00 | $375.16 |
| PLAN B | $133.34 | $301.00 |
| PLAN C | $129.30 | $358.75 |
| PLAN D | $109.89 | $228.89 |
| PLAN F | $128.32 | $379.14 |
| PLAN HDF | $34.00 | $93.80 |
| PLAN G | $104.70 | $336.07 |
| PLAN HDG | $32.04 | $62.47 |
| PLAN K | $42.55 | $117.00 |
| PLAN L | $65.00 | $234.15 |
| PLAN M | $119.18 | $262.45 |
| PLAN N | $79.69 | $329.14 |
Medicare Part D prescription drug plans
Most Medicare Advantage plans don’t cover drug costs, and Medigap plans don’t pay for prescriptions. However, Rio Rancho residents can purchase an independent Medicare Part D policy from their private insurance carrier that will lower the price of their medications.
Aetna offers three-star Medicare Part D plans with $7.60 premiums and a $480 annual deductible. These plans are the most affordable Rio Rancho, New Mexico, Medicare Part D plans currently available. They offer a $0 deductible on Tier 1 prescription drugs.
Medicare Part D plans sport a four-star rating and has a $29.40 premium and a $310 annual deductible. That deductible shrinks to $0 for Tier 1 drugs. Beneficiaries are only responsible for 40% of drug costs at maximum using a Preferred Pharmacy.
Elixir sells three-star Part D plans with $31.40 monthly premiums and $480 annual deductibles. Copays start low with these plans, coming in at just $1 for Tier 1 drugs. At maximum, beneficiaries only have to pay 29% of drug costs.
The average cost of Medicare Part D plans in Rio Rancho, New Mexico
| PLAN | PREMIUM | DEDUCTIBLE | STAR RATING |
| Aetna | $7.60 | $480 | 3 |
| Wellcare | $8.70 | $480 | 3 |
| Humana | $22.70 | $480 | 4 |
| $29.40 | $310 | 4 | |
| Elixir | $31.40 | $480 | 3 |
Special Needs plans
Residents with disabling conditions and mental handicaps can purchase a Special Needs Plan (SNP). Special Needs Plans are a subdivision of Medicare Advantage plans tailored for individuals with learning handicaps and chronic disabilities. Although these plans have several advantages, SNPs aren’t readily available in every Rio Rancho zip code.
WellCare provides HMO Special Needs Plans with zero-dollar premiums and a $3,450 MOOP. Interested parties must have both Medicare and Medicaid to qualify (dual eligibility). These plans cover Parts A, B, and D, which also cover prescription drugs.
carries local PPO Special Needs Plans with $4.20 premiums and a $7,550 MOOP. Enrollees must have a chronic or disabling condition to qualify. These plans cover vision, hearing, and dental.
Blue Cross Blue Shield offers residents with dual eligibility local PPO SNPs with $18.30 monthly premiums and a $7,550 MOOP. The insurance carrier also offers HMO Special Needs Plans with $34.30 monthly premiums and a $7,550 MOOP to dual-eligible enrollees. For those who qualify for the Extra Help program, there are $0 copays on many prescription drugs.
The average cost of Medicare Special Needs plans in Rio Rancho, New Mexico
| PLAN | PREMIUM | MOOP | Plan Type | Eligibility |
| Wellcare | $0 | $3,450 | HMO | Dual |
| Amerigroup | $0 | $6,700 | HMO | Chronic/Disabling |
| $4.20 | $7,550 | LOCAL PPO | Chronic/Disabling | |
| Blue Cross Blue Shield | $18.30 | $7,550 | LOCAL PPO | Dual |
| Presbyterian Health | $34.30 | $7,550 | HMO | Dual |
How to sign up for Medicare plans in Rio Rancho
Signing up for a Rio Rancho, New Mexico Supplemental Medicare plan has never been more straightforward, thanks to Medigap.com.
Our team guides you through the Supplemental Medicare process, allowing you to find an excellent policy that fits your specific medical needs.
Call us today. Or complete our online rate form to get current Rio Rancho, New Mexico, Supplemental Medicare rates today!
