With a rapid increase in the growth of senior populations in the state of Missouri, which is estimated to account to 20% by 2030, the Medicare must be subject to changes to meet the growing demands of the senior population.
A growth by about 1.2 million is expected which will result in a population of about 6.8 million by 2030. The percentage of growth is expected to be around 21%.
As the baby boomers age, the senior population grows by 87% during this period. Currently the Medicare beneficiaries are a bit over one million. With the aging of the baby boomers, this population is expected to increase very rapidly from the present one million.
These are the popular insurers in Missouri who offer Medicare plans:
Medicare is a federal government program with various options available for the beneficiaries to ensure complete cover. Parts A and B are hospital and medical covers offered by the government. Other plans are provided by private insurers. Private plan insurers provide:
Medicare Advantage is a modified form of the original Medicare with premiums to both part B and the Advantage plan. It provides better coverage and varies according to the company and premiums. Advantage plans also covers for the drugs in the name of the MA-PD in some plans.
Supplement is a form of coverage to the gaps in the original Medicare while the Medicare exclusive drug plans provide coverage to the prescription drugs.
You can’t avail Advantage and Supplement plans at the same time. Also people with drug coverage from either Advantage or else Supplement plans can’t opt for an exclusive drug plan at the same time.
This is a customized Medicaid program for the people of Missouri. Medicaid is for those with financial problems. Even people with Medicare can make use of the Medicaid policy. In such cases, Medicare is the primary cover with Medicaid as the secondary one.