Oklahoma Medicare insurance offers coverage primarily to qualified citizens over 65, but workers and citizens with specific disabilities may also be eligible. Even though this is a federally funded program, the state of Oklahoma also offers certain assistance packages to residents who are receiving Medicare benefits.
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Oklahoma Medicare Insurance Trends
The Centers for Medicare & Medicaid Services (CMS) reported the following information on 2024 Medicare trends in Oklahoma:
- A total of 783,289 residents of Oklahoma are enrolled in Medicare.
- The average Medicare Advantage monthly premium has increased from $15.41 in 2023 to $17.34 in 2024.
- There are currently 80 Medicare Advantage plans available in Oklahoma.
- All Medicare recipients in Oklahoma can purchase a Medicare Advantage plan, including those with $0 premiums.
- There are 22 different stand-alone Medicare prescription drug plans offered in Oklahoma for 2024.
- The lowest monthly premium for a Medicare prescription drug plan is $6.30.
Medicare Offered in Oklahoma
Medicare is a government health care program that offers financial assistance to those 65 or older and American citizens of any age with specific disabilities.
Original Medicare
Original Medicare allows you to receive the core coverage benefits afforded by the program. This is made up of Medicare Part A for hospital insurance covering services such as inpatient care and Medicare Part B for medical insurance, including coverage for treatments, medical supplies, and preventive services.
The Part A aspect of Original Medicare does not normally require payment of premiums. Part B usually does require premiums.
Both Part A and Part B of Original Medicare require you to pay for out-of-pocket Medicare expenses. These include deductibles, coinsurance, and copayments.
Medicare Advantage
Instead of obtaining Original Medicare and supplemental plans separately, beneficiaries can instead purchase a comprehensive Medicare Advantage Plan that combines all the benefits of Part A, Part B, and supplemental plans such as Part D.
In contrast to traditional Medicare, the two main advantages of a Medicare Advantage plan are prescription drug coverage and dental and vision care. You have fewer out-of-pocket costs with this option than you would if you were, on average, using Original Medicare plans.
As these plans may offer different extra benefits and coverage aside from the core Original Medicare coverage, they will have additional costs. It will also depend on which of the Medicare-approved carriers the beneficiaries buy these plans from, also known as Medicare Part C.
The following companies offer Medicare Advantage plans in Oklahoma, with ratings:
- Aetna – 4.5/5 stars
- Generations Value – 4/5 stars
- AARP – 4/5 stars
- Integris Health Partners – 3.5/5 stars
- Cigna – 3.5/5 stars
- Blue Cross Medicare – 3.5/5 stars
- Lasso – 2/5 stars
- WellCare
- GlobalHealth – 4/5 stars
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Medicare Supplement Plans
Some beneficiaries feel that the basic Original Medicare coverage has significant gaps. To compensate for this, they can opt to get Medigap supplemental plans from private health insurance carriers with Medicare approval. However, these plans will come with a premium requirement separate from the premium required by Medicare Part B.
In 2024, some of the companies offering Medigap plans who offer Medicare Supplement plans in Oklahoma include:
- AARP – UnitedHealthcare
- Aetna
- Bankers Fidelity
- Blue Cross Blue Shield of Oklahoma
- Cigna
- Colonial Penn
- Everence Association Inc.
- Garden State
- Great Southern
- Medico
- Mutual of Omaha
- Oxford
- State Farm
- USAA
Oklahoma Medicare Enrollment
Oklahoma residents 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
Oklahoma Enrollment Tips & Advice
When searching for Medicare plans in Oklahoma, you’ll find you have lots of plan options. Narrow them down by calling your doctor’s office, making a list of all the medications you take, thinking about your current healthcare needs and which services you’d like access to, and read reviews of the plans you’re considering.
Additional resources to check out include:
How Do I Enroll in a Medicare Plan?
If you have any questions about Oklahoma Medicare, 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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