List of Medicare Advantage Plans
Medicare created Medicare Advantage as a powerful health plan for seniors to protect them against financial uncertainties. Before you purchase one, though, it is vital that you evaluate the list of Medicare Advantage plans to know which one fits you best. If you need a high coverage plan that can do more than Original Medicare, then consider getting one of these plans. You can benefit from this powerful coverage to lower your healthcare costs.
List of MA Plans that Provide Different Coverage
Medicare Advantage plans are classified into various categories. You can find plans that are categorized based on their coverage. When you look at the plans offered by insurance providers, they will label them based on how the plan will cover the members.
For instance, AARP and Aetna label their Advantage plans like Standard, Gold Pro, Premium and Silver. Each label will have different meanings according to the coverage of the plan.
When you pick a basic plan, you will only get coverage for what Medicare requires. That is, it covers you for emergency care and urgently needed medical care. It includes most of Part A inpatient medical services. It pays for all Part B outpatient services.
You can also find Part D advantage plans. They are the most common high-coverage policies under MA. These plans will cover you for the basic Medicare Advantage benefits. But they include a prescription drug plan. They can give you powerful coverage for generic drugs that are common. For less common brand name drugs, they are slightly covered. Most seniors would choose this plan because they offer a balance of coverage.
Other Advantage plans will include coverage for medical checkups throughout the year. When you have this type of plan, you can get coverage each time you visit your dentist, optometrist, and other general healthcare practitioners. It can also cover the overall costs of getting dental cleanings, a new pair of glasses and several others.
These plans have variations. For instance, you can find a Part D plan with checkup coverage. That’s why it is vital that you study your options to know the kind of coverage you could benefit from by looking at your out-of-pocket healthcare expenses. Then, make sure that you find the plan that can fit your medical needs, so as to minimize your medical expenses.
Medicare Advantage Plans Based on Network Coverage
Medicare Advantage plans are also distinguished based on their network coverage. It does not matter where you wish to purchase the plan from, you just have to be aware of the network coverage. That is, if you go outside of the network to obtain healthcare services, you may not get coverage or just a partial coverage of your plan.
2021 MEDICARE ADVANTAGE
List of Medicare Advantage Plans by Network Coverage HMO
It is the most common type of network coverage. If you pick a plan with an HMO label, then it means that you are only covered fully when you stay within your insurer’s network. If you go outside of its network, then you will get no coverage. However, your insurer may provide partial coverage if it is an emergency. It is one of the reasons HMO is the cheapest Advantage plan based on network coverage.
You should consider it if you are living within the city and does not travel most often. If it is easy for you to find a network facility, then HMO is the best option. However, if you travel frequently, then a PPO can be an ideal option.
PPO
It gives you full coverage if you stay within the network. Unlike HMO, it gives you partial coverage if you go to a non-network facility to receive healthcare. The extra protection you get is the reason it is more expensive than HMO. You will pay extra in your premium for the flexibility that it offers. It is ideal for seniors who are traveling frequently. You should also obtain this type of plan if you live in a rural area, where it can be difficult to find a facility that accepts your MA plan.
PFFS
If you wish a coverage that gives you the benefits of HMO and PPO, then the private fee for service (PFFS) plan can be the best option for you. It is more expensive than HMO but more affordable than PPO.
With this type of plan, you can get full coverage if you go to a network facility. If you need to receive treatment in a facility that does not belong to your insurer’s network, then you will pay a fixed fee for a certain medical service.
It is more expensive than having a PPO plan for every case. However, it can lower your monthly and yearly costs.
Special Needs
As the term suggests, this network option is only accessible by a group of people. That is if you have special needs, you can qualify for this type of option. That’s why it is only eligible for Medicare and Medicaid subscribers.
This plan offers better coverage and network protection. It guarantees that you pay less for your monthly premium and pay less for out-of-pocket expenses. If you wish to know whether or not you qualify for this type of program, then make sure to contact us to talk about your options.
As you can see, you will not run out of options when you look at the various choices that Medicare Advantage plans will offer. With so many options, however, how will you know which option is the right one for you?
One of the ways to determine is to look at the pricing of the plan. It will help you know how affordable it is. Remember that it will be useless for you to choose a plan that you cannot afford.
However, you should not pick a plan because it is the cheapest in the group. Instead, you must know your healthcare needs and budget.
From there, you can pick a plan that can fit your medical needs and financial situation. It will be easier to compare plans based on those factors when you request a list of Medicare Advantage plans with quotes using our site. Our tool is free to use so you can come back again and again to know the updated rates of the plan you wish to purchase.