Medicare Insurance in Texas – Who is Covered by Medicare
Medicare insurance in Texas is available to individuals over the age of 65, those under 65 with certain disabilities, and individuals with end stage renal failure. There are four types of Medicare coverage that are available. Medicare Parts A and B cover hospital and physicians' expenses. Part C Medicare, or Medicare Advantage, offers more comprehensive coverage. Part D Medicare covers prescription drugs. As of 2015, approximately 3.6 Million Texas residents were covered by Medicare. This includes:
Medicare insurance is available to almost all adults over the age of 65, regardless of income level. Of the Texas residents with Medicare insurance in Texas in 2015, about 50% had an income that was more than 200 times the federal poverty level. Twenty-nine percent of those with Medicare had coverage between 100% and 200% of the federal poverty level. About 21 percent of Medicare recipients in Texas had an income below the federal poverty level. For those with a very low income, some low cost health care plans with low or no deductible may be available. Medicare insurance is a widely used solution at all income levels.
Between 1991 and 2015, Medicare spending in Texas has grown by about 9.2%. This is higher than the national average of 6.3% growth over the same period. In Texas, annual Medicare spending per patient is higher than the national average as well. Texas spends about $13,479 per patient each year while the U.S. average is $11,365. Medicare insurance in Texas covers many things including hospital visits, physicians' care, and prescription drugs depending upon your plan. If you have Medicare Plan C, you may have very comprehensive coverage for all your needs. If you have Plans A and B, however, there are places you may be lacking.
Many Medicare recipients with Plans A and B elect to take advantage of additional coverage known as Medigap insurance. This type of plan fills in where Medicare insurance in Texas may fall short. You can get help paying for copayments and excess health care costs with a Medigap insurance plan. Building the right Medicare coverage for your individual needs can be a daunting process. This is where a knowledgeable Medicare agent can really help. With the assistance of an agent, you'll be able to choose the perfect plan to meet your needs. It's important to enroll in all the options you want up front. Late enrollment can result in additional fees.
No matter your situation with Medicare and its insurance options here in Texas, an agent at Texas Healthcare Specialists, Inc. will be able to walk you through the ins and outs to make sure you have the right coverage for your specific need. Give us a call today at 1-866-849-5465 or for your Free, No-Obligation Medicare supplement quotes enter your zip code above.