Medicare Advantage Plan
Medicare Advantage plan is a privately sold health plan that can handle many common healthcare expenses. This plan is available to most seniors to protect them from paying a lot of out-of-pocket expenses.
An Advantage plan is a high coverage policy. In that case, not all seniors will need it. However, it is a money-saving plan for seniors who need them.
If you believe that you are not well-covered, you may study what this plan can do for your medical needs. If you think that it can give you more coverage than your current health plan, then considering switching to this high coverage plan.
How Medicare Advantage Covers You?
Enrolling in one of the Medicare Advantage plans will give you a guaranteed coverage, known as the base coverage. Each Advantage policy has a base coverage as instructed by Medicare. This base coverage will take care of the following expenses:
- Doctor’s office visits
- Hospital stays
- Medicines
- ER services
- Urgently needed medical care
- Skilled nursing care
- X-rays
- Blood usage for the year
Other expenses are also covered. If you wish to know more about how this type of health plan will cover you, you may talk to an insurance agent or your doctor. Beyond the base coverage, though, you can get Medicare Part D.
It is a drug prescription plan that can pay for generic and brand name drugs. However, not all prescription drugs will be covered completely. In that case, you must only purchase a Part D plan that can give you coverage for most of the prescription drugs that you take.
Apart from prescription drugs, some MA plans cover routine checkups. When you go to the dentist, ear doctor or optometrist, the cost of such a visit will be covered. Other times, it will be discounted heavily. Furthermore, you can find coverage for your new pair of glasses or hearing aid.
Medicare Advantage 2021
How to Enroll in a Medicare Advantage Plan?
If you think that this type of health plan can significantly reduce your medical expenses throughout the year, then you should enroll during your initial enrollment period.
This period starts three months before your 65th birthday. If you purchase this plan within this period, your policy will not take effect until you turn 65. You also need to have an active Original Medicare. Medicare allows seniors to purchase both plans at the same time.
Now, if you miss the said period, you are given another three months after your 65th birthday. On the other hand, if you decide to enroll, later on, you can wait when the open enrollment period starts. This happens from October 15th until December 7.
You can enroll in this period but the rate is higher than if you chose to sign up when you first became qualified for the policy.
A Medicare Advantage Plan is only available through private insurance companies. Medicare does not sell it but it regulates the plans.
These companies would include Cigna, AARP, Aetna and Mutual of Omaha, among others. There are plenty of insurers that sell this type of plan and each one offers different rates from the others. That’s why you must compare them before you choose one plan.
You may use our site to help you pick the right health plan. We can give you a list of quotes for the plan you wish to purchase.
The quotes you will receive are for your local area so you can be sure that you are getting accurate information. You may use the details in helping find a good deal.
Some seniors sign up for an MA policy without comparing prices and find out how it affects their healthcare. As a result, they end up paying too much for the plan that they could obtain elsewhere at a better rate. For that reason, you must check our website and compare rates before you make a decision.
Medicare Advantage 2021
Medicare Advantage Cost
Before you decide to purchase an MA plan, you must know how much does each plan will cost you. The average rate for this type of policy will be $45 a month. This is for the monthly premium. You also need to handle yearly deductible.
You can find affordable plans, too. If you are qualified, you can purchase a plan that will only cost $0 a month. However, this type of plan will have higher deductibles to balance the low premium.
The amount you pay for your plan will depend on your location and the type of plan you purchase. The higher your monthly premium is, the lower your deductible will be.
If you wish to know which insurer offers the best deals, make sure to use our site to request for quotes so you can compare rates. When you conduct comparison shopping through our website, we are confident that you can find the best coverage for your medical needs.
Network Options of Medicare Advantage
An Advantage plan has a network option. It determines how much coverage you can get. The following are the most common options:
HMO
It is the standard plan and it is the cheapest health plan. But the coverage is basic as it only covers you fully if you stay within your provider’s network.
PPO
It gives you coverage anywhere you go. Full coverage for staying within the network while partial coverage if you go off-network. It is more expensive than HMO but it is also more flexible. This is ideal if you are living in a rural area where network facilities are difficult to find. You should also consider it if you travel often within the US.
PFFS
This plan will cover you fully if you get the medical service within the network. However, if you go outside the network, you can get a discounted rate. It is not coverage, per se, but you will pay a pre-determined fee for each service you receive.
Special Needs
You can only access it if you are qualified. Seniors with Medicare and Medicaid are eligible for this plan.
If you need help in finding out which Medicare Advantage plan is ideal for you, then make sure to use our site to find the kind of coverage that works best for your medical needs. You may also call us if you have further inquiries.
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