Health Insurance Conveniences Tactics
Medicare Advantage plans offer many advantages over Medicare supplements. My clients are advised to consider Medicare Advantage plans an alternative to Original Medicare coverage. Original Medicare covers Parts A and BC. Medicare Advantage plans, also known as Part C or MA plans, are part of Original Medicare. Original Medicare does not cover Medicare Advantage plans. Medicare Advantage plans must include all services.
Original Medicare providers first bill Medicare, then they bill a supplement company. Individuals could be responsible for the remaining portion of the Medicare supplement company and Medicare. Medicare Advantage plans have the private insurance company being billed. If an individual has a Part C plan (MA) with company XYZ, and visits his primary physician or receives services at a hospital for treatment, the bill will go to company XYZ, not Medicare. In this instance, the individual might be responsible to pay a copay or deductible.
Medicare Advantage plans can sometimes be called “all in one” plans, as they include other coverages. Part C plans may include prescription drug coverage. These plans are sometimes referred as MAPD plans (Medicare Advantage prescription drug). Some plans offer coverage for hearing, vision, wellness programs, and/or additional ancillary benefits. Medicare Advantage plans are very diverse and should be reviewed individually.
Medicare Advantage plans come with a premium. These premiums may vary. Some plans have a $0 monthly cost. However, to be eligible for Medicare Advantage plans, the individual must still pay the Part B premium. The availability of plan access can vary greatly from one county to the next. For example, a $0 monthly Premium Plan may be offered in one county, but not in another.