The Truth About The Medicare Advantage
Before making a decision about Medicare, you must know and understand these important truths about Medicare Advantage.
Medicare Advantage is network based.
Probably the most vital thing you need to comprehend about Medicare Advantage policies is that everyone depends on certain type of provider network. These networks are in the likes of PPO, HMO, or PFFS. Now, there may be some variations of this, however, these are the most common. I will expatiate on these networks in a later part of this article.
Advantage plans are not identical.
Though they are structured in the same way, best Medicare Advantage plans can vary different. This means that you must do your homework before joining one of these plans. You must start by identifying whether or not your providers are in the network. The second most important factor to consider, which most people overlook, is the maximum value. Don’t be surprised by comparing small things like medical copies unless the doctor’s office is your second home!
MA plans offer a maximum outlay.
Continuing with the previous point, the maximum outlay is one of the huge benefits of Medicare Advantage. If you remember my previous article on Original Medicare; It doesn’t give you that protection. For persons who cannot afford a Medicare supplement or simply want to save some money, the Medicare Advantage Maximum Disbursement feature offers great security.
Medicare Advantage remains part of Medicare.
I include this truth because I discovered that many people believe they lose Medicare benefits when they join the Advantage plan. The truth is that Medicare Advantage is actually called Medicare Part C. Yes, it replaces the benefits of Part A and Part B, but this is really a good thing for you, since it allows you in most instances not to have to spend huge deductibles and of 20%.
Medicare Advantage is not suitable for everyone!
I can’t tell you that a plan is good for everyone. Unfortunately, since each plan is different and its needs are different from those of its neighbors; I can’t tell you to participate in a specific plan. But I can say that some of the very popular policies are provided by United Healthcare, Humana, Healthspring, and Wellcare. Begin by asking yourself these questions; How important is freedom of choice when it comes to your health professionals? How important is the cost? Find out by visiting https://www.medicareadvantageplans2020.org and after answering these questions, you can easily decide if you want to be in an Advantage or Original Medicare plan with a Medicare supplement.