If you are eligible for Medicare, then it follows that you can enroll for Medicare Advantage 2020 which is offered by a private insurance company. Before you choose which one to settle for, the following are the things that you should know about them:
- The Medicare Advantage Plan Does Cover All That Medicare Part A And B Do: All the Medicare advantage plans take care of all that is covered in the Original Medicare which is hospital care in part A and medical care in part B.
- There Are Extra Advantages Offered By Medicare Advantage Plans: The original Medicare Phoenix has coverage that is limited for prescription drugs that you take with you at home. But with most Medicare Advantage plans, prescription drugs are covered. They may also be able to cover other benefits including vision, routine dental, and hearing coverage as well as benefits related to fitness.
- Medicare Advantage Plans have Regulated Medicare: With Medicare advantage plans, you are still in Medicare even though the benefits you enjoy will be monitored and administered by a private insurance company. You still have the protections and rights of Medicare which includes the right to be able to appeal a decision by coverage.
- All The Medicare Advantage Plans Do Have A Limit To Their Out Of Pockets: Unlike when it comes the original Medicare, all the Medicare Advantage plans do have caps concerning how you are going to pay the pocket for the expenses you incur with your medical needs. They normally reset on a yearly basis.
- With A Medicare Advantage Plan, You Might Be Required To Pay Two Premiums: Some of Medicare advantage plans tend to have premiums that are as low as $0. But in order to cover the plan, there is always a monthly premium that you must pay. Apart from the Medicare advantage plan premiums, you might be responsible for your Part B Medicare premium which you have to pay to the government.
- Most Of The Health Problems Will Not Discriminate You From Getting A Medicare Advantage Plan: In case you have a pre-existing issue such as cancer or high blood pressure, it will not prevent you from having to enroll in the Medicare advantage plan. The only thing that might bar you from getting this plan is if you are encountering the final stages of renal disease. But if that is the case, then you can enroll under the special needs plan, which is still a type of Medicare advantage plan.
- Most Of Medicare Advantage Plans Have Several Networks: They are mostly constructed as health maintenance organizations (HMO) or preferred provider organizations (PPO). Both of the plans have several networks with a list of several providers who are contracted to give out services within the plan. You might be in a position to utilize hospitals, doctors, and providers who are out of the network using an extra cost. At times the might not apply towards the maximum of your out-of-pocket.