What advantage is there to choosing Medicare Advantage Plans for 2018 over some of your other options? We are going to look at these plans and how they compare to some of the other Medicare plans so that you can make an informed decision and choose the right plan for yourself. We want you to make the most suitable choice for your situation, and the best way to do that is to ensure that you are informed about what your options are and how they will affect you.
The Advantage Plan’s Coverage
Many of the Advantage plans are going to be different from one another. They may have some small differences or may be very different, but they all share the same basic starting coverage. Some of them may add more coverage on top of that, but they all start at the same place.
You see, Medicare regulates these plans, even though it allows private insurance companies to sell them. Medicare decide what the basic coverage will be, and anyone who wants to sell this plans to seniors must abide by Medicare’s regulations in this regard. Otherwise, they won’t be allowed to sell Medicare plans anymore.
The typical Medicare Advantage plan is going to cover you for all of Medicare parts A and B, except for hospice care. That’s general hospital expenses, general treatments, blood and a whole lot more. It also covers you for some basic checkups, such as for your vision, your hearing and for general wellness. Also included in all Advantage plans is coverage for emergency care and urgent services. That’s emergency room care, ambulance transport and the like.
Now, you can find Advantage plans that offer you a lot more than this basic coverage. Many of them include coverage for prescription drugs under Medicare Part D. This is the most common additional coverage, but there are others. Some plans will cover you for more checkups as well as other medical care costs. How much coverage you get from a Medicare Advantage plan is up to you, as you can pick and choose from what’s being offered by insurance providers in your area. They may change their plans from time to time, so be sure that you take time to look carefully at what they are offering and make sure it still lines up with what you need.
Where to Buy These Plans
You can only purchase Advantage plans through private insurance companies. These are companies that are not affiliated with Medicare nor owned by Medicare or the government. They operate independently, but they are permitted by Medicare to sell many of its plans. They may sell Supplement plans along with Advantage plans and a few other Medicare options, but they won’t sell the basic Medicare plans, which are only available through Medicare itself.
Medicare allows these companies to to sell its Medicare Advantage Plans for 2018 only if they follow its guidelines that it has set in place. That means that they must follow the basic coverage guidelines. They cannot cut out some of the basic coverage these plans are supposed to offer just to sell you a great real or a cheaper price. You can always count on that basic coverage being there.
It’s a good idea to compare prices and coverage between providers. You probably have a few different options for providers in your area, and you can save money by choosing the most economical option. Just be sure to compare evenly and keep in mind that different plans and providers will have different amounts of coverage. You want to be sure you know what you are getting and that you are receiving enough coverage for your needs.
Advantage Plan and the Network
With any Medicare Advantage plan purchase, you must keep in mind the networks that the provider operates on. Every provider that sells Medicare Advantage plans must use a network to offer their coverage. That network consists of all the clinics and other healthcare facilities that have agreed to accept medical coverage plans from that individual insurance provider.
You will find that there are two main network types- HMO and PPO. You may have heard of these before, but we want to break them down for you so that you understand exactly how you will be covered. With an HMO plan, the coverage is very cut and dried. If you go to a network facility for treatment, you receive full coverage. If you go off the network for your medical treatment when you get no coverage at all. This is simple, but the PPO plan is a bit more complicated.
With PPO, you still get full coverage at all network locations, but if you go off network for your healthcare, then you will receive partial coverage for services rendered. The stipulation there is that the healthcare provider must accept Medicare, but they don’t have to accept your insurance company’s policy.
You have other choices as well, but these are the two that are most commonly available and the ones that most people are going to sign up for.
A Medicare Advantage plan could be a great choice for you and could help you cut back on your medical expenses, but you will need to discover that for yourself. For many people, this type of plan is simply too much, covering too much and costing too much. Take some time to compare what they have to offer to what you need to figure out if one of these is right for you.
We recommend comparing prices and coverage on as many Medicare Advantage Plans for 2018 as you can. You can find some good deals this way, and there are price comparison sites out there that will make this process easier on you. The resources are there and the good deals are available, you just need to take the time to find them.