As of 2015, Erickson provides the most popular Medicare Advantage Plus and Advantage plans. AARP provides the most popular stand-alone prescription medication plan, also termed Medicare Part D, according to U.S. News. Although traditional Medicare is still available in New Jersey, other plans, such as Medicare Advantage, Advantage Plus and Medicare Part D, provide medical insurance coverage to those who opt out of traditional plans.Continue Reading
Standard Medicare plans, administered as Part A and B, cover hospitalization under Part A and other health-related expenses, such as lab testing and health screening, under Part B. Those with Social Security benefits are enrolled automatically in the traditional plan at age 65, but opting out may be the best for some seniors’ financial situations, current health statuses and monthly premiums. New Jersey residents can also choose Medicare Advantage with a prescription plan, also known as Medicare Part C, states U.S. News.
Medicare Advantage plans are similar in structure to privatized medical insurance plans, yet they provide similar benefits to the original Medicare plan. The top four Medicare Advantage Plus Prescription Plans, as of 2015, are the Erickson Champion, Freedom, Guardian and Signature with Drugs. The best Advantage plan without the drug option is Erickson Signature without Drugs. AARP MedicareRx Preferred is the best ranked Part D or prescription only Medicare plan, says U.S. News.
These plans are ranked highly based on government data from for customer feedback. Ranking certain criteria, such as managing chronic illnesses, member complaints on plan performance and member experiences, help determine the star rating for the plan. A plan then receives a rating from one to five. Not all plans are available to all residents in the state, so search plans according to the ZIP code for the best available in the area, states U.S. News.Learn more about Health Insurance