Utilization of available health care aids is a smart move to help avail increasing healthcare costs. Growing number of clients has availed Medicare Advantage Plans. But the question is what does one need to know about it?
What Do Medicare Advantage Plans Cover?
Medicare Advantage Plan, offered by private companies, goes hand-in-hand with Medicare. Clients with this advantage plan still get services of Original Medicare (Hospital and Medical Coverage) plus additional coverage of specific healthcare services.
Clients who are eligible to get this plan include clients with Original Medicare and in residing in the plan’s service area. On the other hand, Medicare Advantage Plan does not cover hospice care that is included in the Original Medicare.
Different Types of Medicare Advantage Plans
- Health Maintenance Organization (HMO) plans
Clients avail healthcare providers and hospitals that are covered only by the plan’s network.
- Preferred Provider Organization (PPO) plans
Clients pay less if services and healthcare providers covered by the plan’s network are availed.
- Private Fee-for-Service (PFFS) plans
Similar to Original Medicare, clients can choose any hospital and healthcare providers that accept the plan’s payment terms. The plan determines what portion to pay the hospital/physicians and what portion client has to pay out-of-the-pocket, if any.
- Special Needs Plans (SNPs)
Services are focused on specialized care and specific group of clients such as in nursing homes or with certain long-term health conditions.
- Medical Savings Account (MSA) plans
This includes the combination of a high-deductible health plan and a savings account. Medicare also deposits money to a bank account that can be used for future healthcare services of the current year.
Why Get Medicare Advantage Plans?
- Additional Coverage
Aside from offering the same services of Original Medicare, this advantage plans also provide services that cover the hearing, vision and dental care. It also provides fitness services through specific programs that are accessible in different places.
- Prescription Drug Coverage
This is included in Medicare Advantage Plan, and one doesn’t need to enroll and pay a separate prescription drug plan.
- More accessible healthcare providers and services
There are different doctors and hospitals covered by the plan’s network that allows easier access and more options for clients.
Taking care of one’ health is an important responsibility. Healthcare costs have continued to rise through time. Allocating enough money for current and future healthcare finances is not an easy task.
Protect your health by getting Medicare Advantage Plan. At Dave Silver Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (941) 907-2879 or Click Here to request a free quote.