Medicare subscribers may know what to expect from a Medicare basic plan or a Medigap plan, but they may not be aware of what is involved with a Medicare Advantage plan. Here we will compare Humana Medicare Advantage Plans for 2018, and you can learn what to expect from them.
The first thing to know is that an Advantage plan will give you more coverage than just a basic Medicare plan would. That coverage can take care of essential costs that you may be having trouble paying for on your own. It can cover a lot of the same things that Medigap plans and other supplemental plans cover, such as deductibles, copayments and hospice care. The coverage is the same across the various insurance companies selling these plans.
That’s right- there are insurance companies selling the advantage plans rather than Medicare itself dong all the heavy lifting. Medicare decides how much coverage the Advantage plans get, and the is insurance companies set the price and the network for the plans. The network is an important aspect of buying an Advantage plan, so you definitely need to know about the network for your insurance company’s plan.
The network is made up of all the hospitals, clinics, doctors’ offices and such that are going to accept the coverage plan from a particular insurance company. in this instance, we are talking about Humana. Now Humana has a significant network, since they are made up of both Humana and Aetna. Odds are good that a hospital near you will accept their coverage and be on their network.
But you still want to compare Humana Medicare Advantage Plans for 2018. If you end up with a plan that has no network coverage in your area, then you are relay wasting your money on that plan. It’s not doing you any good. You need a plan that covers you where you are. If Humana doesn’t offer that, then you do have other options. There are plenty of competitors out choose from.
Now even if the insurance company has no network in your area, you can still receive some coverage. If you went with a PPO network plan, then you can get the coverage you paid for anywhere, whether it is on the network or not. Now that won’t be full coverage. For off-network facilities, the coverage received is only partial, so be aware of that as you are picking out an insurance company. Always ask about coverage and networks before you make a commitment.
Also, before you sign up for one of the Advantage plans, find out whether you really need one. Not everyone will. You may benefit when you compare Humana Medicare Advantage Plans for 2018 or you may not. It all depends on what your medical need are. If Medicare basic takes care of you pretty well, then you won’t have much need of the additional coverage you would be getting with an Advantage plan. Keep that in mind as you make your decision.