Medicare Advantage plans are commonly called Medicare Part C. The prominent benefit of this plan is that it offers seniors an opportunity to save some extra money on their medical expenses that they were previously saving from Original Medicare. Whereas, you can also replace your Original Medicare plan with the Medicare Advantage and reduce the cost incurred out of pocket for the medical services.
Coverage Provided by Advantage Plan
With these Advantage plans, the seniors can save money for a number of services like dental, prescription drugs, medical tests, hospital stays, routine checkups, doctor’s visits, and many more. If your ear doctor has suggested you to buy a new hearing aid, then you don’t have to worry as this expense will also get covered in this medical insurance policy.
However, the basic Medicare Advantage plan covers almost all the major healthcare services like an emergency room for medical care, Medicare Part A inpatient care, and Medicare Part B outpatient care. After the coverage of the service, there will be only a few services that would require seniors to pay from their pockets.
Most of the seniors would still require some expenses to be covered and for that, there are some advanced Advantage plans that are also available. Visits to the doctor, eye specialist, ear specialist, dentist, and general physician are covered multiple times every year depending on which plan you choose for your protection.
You have a choice to select a medical insurance policy from a number of plans that come under the banner of Medicare Advantage. The insurance company will provide you a list of plans they are selling so that you can make a decision about which plan suits the best to fulfill your medical needs.
2021 Medicare Advantage Plans
From where you can buy it?
While searching for a Medicare Advantage that is suitable for you on the website, you will explore that there are a number of insurance companies from whom you can purchase the plan. All these insurance companies are selling the same plan at different rates. However, the monthly average cost of a Medicare Advantage is approx $45 but these companies are selling them at different prices, which ranges from $0 – $100 per month. The main factors for this price difference are; the area where you reside and the plan you choose to subscribe to. It is pretty obvious that the higher coverage plan will cost you more as compared to the basic plans.
How would you react to the plan who cost you a monthly premium of $0? Obviously, this plan will attract you more, but you should not forget that in many cases, the plans that cost you $0 premium per month will have higher deductible annually.
You can make a price comparison of these plans on our website from the comparison tool. This tool is absolutely free and extremely easy to use because it requires your zip code only to give a list of options. Moreover, when you are with the selection of a plan that suits you the more in terms of coverage, than its the time to move on the next step that is a price comparison and selection of the insurance company to purchase the plan. The goodwill of the company also matters while signing up, as you should know that they have a good record for their after-sale service.
Insurance Companies that sell Medicare Advantage plans
One of the famous companies that sell Advantage plans of Medicare medical insurance is Kaiser Permanente. This company is competitive in terms of rates and excellent customer service. You can have some of the most affordable rates of Medicare Advantage plans from this company. The ranking of this company and the plans they offer can be seen from the search tool on our website.
If you are one of those who always like to have something extra than this company has to offer so much for you. AARP not only offers the best plans but also presents some value-added bonus services to its customers. You can avail of many bonus services like a free gym membership, discounts on pharmacy bills and services, free medical counseling from the doctors, and much more. The only thing that is a negative threat to the company is its price. They have a comparatively higher rate than many other insurance companies who are selling the same plans.
United Healthcare gives you incredible coverage for the Advantage plans of Medicare. This wide coverage gives you excellent protection for your medical needs wherever you go. It helps seniors to save their valuable money with their coverage by offering them affordable Advantage plans.
Yet another perfect choice! Aetna offers a variety of options for the Silver Sneaker fitness program and Medicare Advantage plans at a lower rate as compared to other insurance companies of its type. Seniors can avail of the benefits of enjoying a free gym membership in a majority of areas in the country and live a healthy life.
Got confused in deciding which insurance company to choose in terms of rates, coverage, and benefits? Check the comparison tool from our website and get the latest and accurate information that will help to decide which company offers the best plan to subscribe.
The network of your insurance company
Before getting registered for an Advantage plan from any insurance company, what you need to know is about the network coverage they offer. The network is built on the agreement with the healthcare facilities to provide services to seniors in order to honor their plan. However, if the medical center is out of the network of that plan, that you might have to pay completely or partially from your pocket for the medical service you have received from there.
In simple words, the Advantage plan is of not beneficial for you if you take the services outside the network. Either you are going to have no or limited coverage for the services you take. However, the network and coverage depend on the type of Advantage plan you choose.
The plans that come under the banner of Advantage plans are mentioned below:
HMO – These plans have no effect on the medical expenses it covers but the thing which is considered in this plan is the network. Before subscribing to this plan, please get well informed from your insurance agent that how the plan will cover you within the network and off-network. You will get no coverage for the medical expenses if you go off-network of this plan. However, if you took the medical services within the network, then you will get complete coverage of your medical needs.
PPO – When you are subscribed to PPO plans, the coverage you get is different from the HMO plan. This plan offers you full coverage within the network and partial coverage outside the network. This plan is comparatively expensive than HMO plans
PFFS – This plan is beneficial for you if you are utilizing the services within the network, as it gives full coverage to its subscriber. However, you have to pay a per-service fee for the service you avail outside the network.
Special Needs – this plan is only available to those seniors who are eligible for getting those special needs. This plan is offered by only some of the insurance companies and you need to qualify for both, Medicaid and Medicare.
You can subscribe to any Medicare Advantage plan 3 months before your 65th birthday and it will come into effect from the day of your birthday. However, if you miss the chance to get registered in that enrollment period than there is another chance to sign up. The enrollment window opens up from 15th October – 7th December but the prices are slightly higher at that time.