Medicare Advantage Plans
Many seniors are opting for high coverage health plans so they do not have to worry about out-of-pocket expenses if they have to undergo a treatment or visit a doctor. That’s why most seniors are choosing one of the Medicare Advantage plans that can pay a lot of the common medical expenses that most seniors have to face.
These expenses are not handled by Original Medicare. Through one of the MA plans, seniors can save a lot of money in getting the coverage that offers them peace of mind.
Getting to Know Medicare Advantage Plan
Being considered as a high-coverage plan, MA can easily replace several existing coverage items of traditional Medicare. It can handle nearly every expense that Original Medicare covers.
But it adds ER care, lifesaving treatment, ambulance transport, and more. Although it covers most of Original Medicare, it leaves off hospice care. You can get this coverage directly through Medicare. That’s why you need an active traditional Medicare before you can activate your MA plan.
You can find an Advantage plan that pays for your prescription drugs. This type of plan can handle both generic and brand name medicines. If you wish to obtain an MA plan with a prescription drug plan, you must purchase a plan with Part D. It is an essential coverage especially if you are taking a lot of medicines per year.
In addition to Part D, some MA plans include coverage for routine checkups, like the optometrist, hearing specialist, and dentist, among others.
Each time you visit one of them, your MA plan will cover it. However, it depends on the kind of MA plan you have. Some plans will cover one visit per year while others will handle a few visits to each healthcare practitioner per year.
These plans are only accessible through health insurance providers. They can set their own pricing. Hence, you will find that one plan with the same basic benefits will have different rates. Health insurance companies can dictate the pricing and the additional benefits that they can offer.
For that reason, it is vital that you study the benefits of getting one plan from one provider. Take note of the perks, as well. And make sure that the insurer has a wide network because Medicare Advantage plans are limited by the insurer’s network.
Medicare Advantage 2021
What are the Best MA Plans Available?
There are various types of Advantage plans. They are also categorized based on how they work on the company’s network. Every insurer has its own network of facilities. These facilities will include clinics, hospitals, doctor’s offices, and others. They agree to accept the insurer’s plans.
If you go to a hospital that belongs to your insurer’s network, then you get full protection. But there is no guarantee that you get protection when you stay outside of the network.
When choosing an MA plan, it is ideal that you look into the network option of the plan. If there is an HMO in the label, then it means that you get full coverage if you are on the network.
However, if you go outside of its network, your HMO plan will not provide any coverage, unless it is an emergency. Among the many Medicare Advantage plans, an HMO MA plan is the most affordable.
For coverage even outside the network, you will need the PPO policy. It still gives you full protection when you go on the network. However, if you choose to receive treatment from a facility that is not part of your insurer’s network, then you will only get partial coverage.
The best type of MA plan is the Special needs plan. It is the cheapest and it has a wide coverage option. Unfortunately, this plan is only accessible to selected seniors with Medicaid and Medicare. If you are not sure about your qualification for this type of plan, then you may wish to contact our health insurance experts. We offer a free consultation to help you find the best deals on MA plans.
Medicare Advantage 2021
What are the Top Providers of Advantage Plans in the US?
There are many health insurance companies in the US that sell Medicare Advantage. However, not all companies offer value to their customers. We will tell you some of the companies that truly stand out as they offer reasonable rates and perks.
If you are looking for affordable plans, then Aetna is one of the most popular options. It offers seniors free gym membership. It also provides customized dieting and exercise planning. Plus, it has 24/7 access to healthcare professionals through the phone.
AARP United Healthcare
AARP and United Healthcare partnered to provide their members with the biggest network in the US. As a result, you will get powerful coverage. Because of their wide network coverage, most of their plans have higher rates. But they are all worth it considering the benefits they offer.
The company stands out as an insurer because it listens to its customers. It changes its plans based on its members’ needs. Humana offers competitive pricing and a huge selection of perks. However, some perks are specific to a certain location.
If you wish to obtain affordable coverage, then this company can offer you better coverage without costing a lot. It has an excellent customer support reputation. However, its perks are not as extensive as the ones offered by the providers mentioned above. Then again, the plans are affordable and offer value to seniors.
Comparing MA Plans
You can only get the best deal on health insurance if you compare and research. You must have time to source insurance quotes and compare the plans. In that way, you will know which plan can meet your medical needs and which provider offers the best perks for that plan.
Since the plans’ benefits vary depending on the location, you need to enter your correct zip code when you request a list of quotes from us. When you compare prices, you can find a plan with a $0 monthly premium. However, it entails higher deductible and out-of-pocket expenses.
If you are looking for Medicare Advantage plans, make sure that you are eligible to obtain it. Keep in mind that they are only accessible by seniors ages 65 and above.