In 2024, Medicare enrollment in Alaska will stand at about 113,928 residents. The federal government sponsors and funds Medicare, but Alaska’s state government can offer assistance to state residents regarding Medicare. If you’re turning 65 soon, it is best to look into finding a Medicare plan that suits your needs.
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Alaska Medicare Insurance Trends
The Centers for Medicare & Medicaid Services (CMS) reported the following information on 2024 Medicare trends in Alaska:
- A total of 113,928 residents of Alaska are enrolled in Medicare.
- The average monthly Medicare Advantage plan premium still stands at $0.
- 100% of people are eligible for Medicare Advantage plans available in Alaska.
- There are 19 stand-alone Medicare prescription drug plans.
- The lowest monthly premium for a stand-alone Medicare prescription drug plan is $3.50.
Medicare Offered in Alaska
Medicare is a government health care program that offers financial assistance to those 65 or older and people of any age with specific disabilities.
Original Medicare
Original Medicare offers health insurance coverage to individuals who qualify, with Medicare Part A covering inpatient care and other hospital services. Medicare Part B focuses on providing insurance coverage for treatment options and medical supplies deemed medically necessary.
Medicare Advantage
As of 2024, there are two options for Alaskans from Lasso Healthcare when it comes to Medicare Advantage Plans.
While individual Medicare Advantage is newly obtainable in Alaska, employers can offer employer-sponsored retiree Medicare Advantage plans. These are known as Medicare Advantage Employer Group Waiver Plans.
Medicare Supplement Plans
As a Medicare beneficiary, you have the option of purchasing a Medicare Supplement Insurance Plan, which you may combine with the Medicare Parts A and B coverage.
The coverage is for the costs of coinsurance, deductibles, and copayments which can still be quite expensive for Medicare beneficiaries. The supplemental plan can also offer more benefits and cover more medical services not included in Part A or Part B of Medicare.
Some companies offering Medigap plans in Alaska include:
- AARP – UnitedHealthcare
- Moda
- Mutual of Omaha
- Premera BlueCross BlueShield of Alaska
- State Farm
- USAA
(source)
These plans will generally require a premium, although these premiums may depend on the health insurance carrier offering the plans.
While many states have adopted rules to ensure Medigap access for those Medicare enrollees under 65, Alaska is not one. There is currently only one Medigap insurer in Alaska that offers this type of Medigap, with significantly higher prices compared to plans for those over 65.
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Alaska Medicare Enrollment
Alaskans are eligible for Medicare if they are U.S. citizens and above 65 years old, or are under 65 but are permanently disabled, have end-stage renal disease, or Amyotrophic Lateral Sclerosis. Use Medicare’s online eligibility tool if you are unsure if you qualify.
Requirements
- You are 65 or older, and you or your spouse worked and paid Medicare taxes for at least 40 quarters.
- You are under age 65 and collect benefits from Social Security or the Railroad Retirement Board for at least 24 consecutive months.
- You have ESRD or ALS.
Enrollment Period Dates
Initial Enrollment Period
This is a seven-month window that allows you to sign up for a plan
- Begins 3 months before the month you turn 65
- Ends 3 months after the month you turn 65
Medicare Open Enrollment Period
This is when you can sign up for a plan, switch a plan or leave a plan
- Begins Starts October 15th
- Ends December 7th
Special Enrollment Period
Special enrollment periods allow you to enroll outside the regular enrollment periods under specific circumstances.
General Enrollment Period
This is when you can sign up for Medicare Part A and/or Part B if you didn’t sign up when first eligible or if you’re not qualified for a Special Enrollment Period.
- Starts January 1st
- Ends March 31st
Medicare Advantage Open Enrollment Period
This is when you can switch or leave a Medicare Advantage Plan
- Starts January 1st
- Ends March 31st
Alaska Enrollment Tips & Advice
Some Medicare beneficiaries may find it challenging to cover the expenses associated with Medicare Part A and Part B. Alaska, however, offers Medicare Savings Programs (MSP) with certain levels of assistance to cover part of the costs of Medicare. The level of assistance you receive will depend greatly on your income situation.
Additional Resources:
- Alaska’s Medicare Information Office
- Access Alaska
How Do I Enroll in a Medicare Plan?
If you have any questions about Alaska Medicare and your eligibility for supplement or advantage plans, speak to one of our licensed agents today. Our agents will discuss your Medicare options and help find a plan that works for you.
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