Medicare Advantage Plan
Advantage coverage gives seniors a way to increase their medical insurance beyond Original Medicare. With a Medicare Advantage plan, seniors can be covered for a lot of the expenses they would typically have to pay out of pocket for, which can save them a ton of money. We want to tell you about what a Medicare Advantage medical insurance plan can do for you and how you can get one for a great price.
The Coverage of Medicare Advantage
First of all, you should know what kind of medical expenses these plans will cover for you. They are considered to be high coverage healthcare plans, which means that they cover a lot. You may still have some expenses to pay out of pocket for after you sign up for one of these plans, but for the average person, that won’t be much.
Medicare Advantage takes pretty much all the coverage of Original Medicare and adds to it. In that way, it can be used as a replacement for Original Medicare. So, if you have Medicare, and you feel like you aren’t getting enough coverage, then Medicare Advantage can help you out by providing even greater coverage for you and keeping you protected from some of those costly medical expenses that seniors have to face.
Advantage plans will cover you for all of Medicare Part B and just about all of Medicare Part A. The only item from Part A it doesn’t cover will be the hospice expenses. It also adds coverage for any remaining medical costs that are not covered by these parts of Medicare and that fall into the categories of emergency medical care and urgently needed care.
So, you’re average Medicare Advantage insurance policy will cover all of the following for you:
- Doctor’s visits
- Medical exams
- ER care
- Ambulance transportation
- Lifesaving treatment
- Ambulance services
- Emergency dental care
- Urgently needed medical exams
- Some medications
- Nursing facility care
- And more…
You get all of this from the most basic of Medicare Advantage plans, but there is more. If you were to buy one of the other Advantage plans that offers more coverage, then you could be covered for prescription medication and routine health checkups. You could be covered for visits to your optometrist, dentist, hearing specialist and general practitioner. You could be covered for both name brand and generic prescription drugs.
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Why Medicare Advantage Is a Good Option for Some Seniors
That level of coverage can provide you with powerful peace of mind and help you to not feel like you are so at risk and exposed to the costs of healthcare. You can have the protection you want at a price that’s affordable. Did you know that Medicare Advantage can be so competitively priced that you can save hundreds of dollars by choosing one company over another? That’s right, and we have the tools to help you to do that. You can use our site to source some quotes and see how the different insurance companies measure up to one another.
You might have looked at some of the benefits and perks that various insurance companies offer, such as Aetna with their Silver Sneakers program or AARP with their various senior services. However, did you look at how they differ in pricing the Advantage plans? This is where your money will really be saved and real value will be added to the plan. We can give you a list of the current, local quotes here on our site, and it costs you nothing to source the rates through us.
Advantage plans can be very affordable, with some of them not even requiring a monthly fee, and others not requiring an annual deductible. For seniors who are on a tight budget, these kinds of money-saving options can be a great way for them to feel covered for their healthcare needs without their budget suffering much. Like we said, you can find out the cost of a Medicare Advantage plan for yourself using our site. There is no obligation attached, and you’ll be able to compare the rates on a few different plans.
Advantage plans the include Medicare Part D drug plans are ideal for seniors as well, as they can save them tons of money on expensive medications. Many seniors have all sorts of medications that they need to have refilled throughout the year. Their prescription medicine costs can skyrocket and leave them with a lot of money coming out of their own pockets, but Part D coverage included in most Advantage plans can take care of a lot of that. You may not get 100% coverage for all your prescriptions, but you may pay only 50% or 10% of the cost of your medications. That can add up to huge savings over the course of the year and ensure that the Advantage plan pays for itself.
The Coverage Network You Need to Know about
There is another detail about Medicare Advantage plans that you need to be aware of. This is the network on which insurance companies provide coverage with their Advantage plans. Each insurance company is limited by its network, which consist of any clinic, hospital, doctor’s office or pharmacy that honors the insurance company’s insurance plans. If you go to one of their network facilities for your healthcare services, then you get the full coverage of your Advantage plan. Going outside that network, however, could mean that you have to pay for everything yourself. It’s important that you plan accordingly and find the right insurance policy for your needs.
Most insurance companies that sell Medicare Advantage plans will sell HMO plans, which are Advantage plans that cover you wholly on the network but not at all outside the network. Because of their limited coverage, they are very affordably priced.
If you are willing to pay a bit more every month or pay a higher annual deductible, then you can choose a PPO plan. This kind of Medicare Advantage plan will cover you fully on the network too, but it also covers you partially when outside there as well. That means you can get covered no matter where you go for your healthcare.
Some insurance companies sell other kinds of Advantage plans too, such as PFFS plans, which offer a lower rate than PPO plans but ask that you pay a predetermined fee for each off-network healthcare service you receive. These may be the best choice for people who don’t know if they will ever need to go outside of the network for care but still want to be prepared for such an eventuality.
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Do You Need Medicare Advantage?
If you are not sure of Medicare Advantage is right for you, then feel free to talk to us and compare Medicare Advantage plans . We are happy to answer your questions and provide you with our professional opinion on what you should do. We can help you assess your options and find a coverage plan that works well for you.
You can sign up for a Medicare Advantage plan so long as you are 65 or older, and you may find that one of these plans can save you all sorts of money on healthcare. Take a look at some of the rates here on our site to get an idea of how much one of these plans will cost. Then you can go from there to make a more informed decision about your health insurance.