Are you hoping to get more medical coverage but not necessarily pay a lot for it? Perhaps you are just confused about which coverage plan to buy or how certain plans will benefit you. We want to share with you a little about Medicare Advantage plans and why you should compare 2018 Medicare Advantage to get the kind of coverage that will be best for you.
What Is Medicare Advantage?
The name “Advantage” makes the plans sound pretty special, doesn’t it? It’s as though they are considered to be better than the other Medicare coverage plans out there. In some regard, they are, as they cover more than any other single plan available. They cover all of Medicare Part A and Part B. They also cover you for emergency services as well as for urgent care treatment. That’s the majority of most people’s medical bills, all covered under a single plan.
However, coverage doesn’t necessarily stop there. That’s simply the basic coverage, which all Advantage plans have to provide and which all insurance companies are required to honor. A lot of Advantage plans go farther than that and provide coverage for your prescription drugs or for checkups you may have each year. They may even pay for prescription glasses and hearing aids, depending on the type of coverage you have.
Medicare Advantage plans are sold only through private insurance company. Medicare does not sell the plans, but it does regulate coverage. It does not regulate pricing, though, which is entirely up to the insurance companies.
What that means to you is that there is a chance for you to save money on the coverage you want. You can get a great plan that fits you well and meets your needs without necessarily paying a lot.
Medicare Advantage is meant for seniors, and if you are eligible for the basic Medicare plans, then you should also be eligible for Medicare Advantage, but that doesn’t mean that you need it. This is powerful and comprehensive coverage, and you really only need that kind of coverage if you go to the hospital on a regular basis or you have some serious medical issues. Someone in good health, even as a senior, would not necessarily benefit from this kind of robust coverage.
What to Compare
In order to save money, get the best deal, find suitable coverage and get real value from your medical coverage plan, you need to compare your options against one another. You have a lot of choices, when it comes to Medicare Advantage plans. You can choose from different kinds of plans with different coverage, you can choose from different prices and you can choose from different network options.
Comparing the plans and what they cover is going to be the first step. You need to know what kind of coverage you ought to have, though, before you compare 2018 Medicare Advantage. You don’t want to end up with too much coverage or too little coverage. Getting just the right amount is important to save money over time and ensure that you are well covered no matter what happens to you.
You also want to compare prices. You can find multiple plans with the exact same coverage at different price points. It’s in your best interests to go for the cheapest price every time, so long as you are getting the coverage you need. The more prices you source, the more money you save and the better deal you will be getting. We recommend using a price comparison service online to compare the prices quickly, effectively and easily. These price comparison websites source the quotes for you and save you a lot of time.
It is also important to compare your network options. There are a few of these, but we will focus on two of them, as they are the most common and the most relevant. They are the PPO and the HMO option.
If you choose a PPO plan, then you can enjoy coverage from your plan anywhere you go. There is a catch, though. Only those locations that offer medical care that are on your insurance company’s network will allow you to enjoy full coverage. Anywhere else will only give you partial coverage, on a PPO plan.
When we say “network”, we are talking about any hospital, any clinic and any doctor’s office that has accepted your insurance company’s plans. They agree to honor the coverage plans from that specific insurance company at their locations. Each network is different and comprised of different medical treatment facilities, and any facility can be part of a number of different networks.
The HMO plan is much simpler (and also cheaper). It gives you full coverage on the network, but once you go off the network for your medical care, you receive no coverage whatsoever. You can see then why the PPO plan is more expensive, but also why the HMO plan is the one more people choose. If you have a network facility near you, then it makes sense to go with the HMO plan, but if you travel a lot or have no network facilities in your area, then a PPO plan is likely the better choice.
We want you to compare Advantage plans in these different ways so that you can enjoy all the benefits they offer at the best price possible. We also want you to enjoy powerful coverage and a worry-free medical care experience. If you have appropriate coverage and you can afford the medical insurance you signed up for, then you can go to the doctor or hospital and not worry so much about if you can pay for the care you receive or even if you should go. Having that coverage that’s appropriate for you allows you to make better choices about your healthcare and to get consistent care all year long.