THE PRIVILEGES OF MEDICARE SUPPLEMENT INTENDS

You have alternatives if you’re a Medicare recipient. Original Medicare (Parts A and B) or a Medicare-approved private entity that provides Medicare Advantage plans are also options (Part C). Although Medicare Advantage plans are required to provide all of the same Part A and Part B services as Original Medicare, many MA plans also provide additional benefits. A monthly fee for a Medicare Advantage plan may be added to your Part B premium, but it usually offers additional coverage.

What are the benefits of signing up for a Medicare Advantage plan? Although Original Medicare assists in the payment of many expenditures, it does not cover all of them. As a result, Medicare beneficiaries who pick a Medicare Advantage plan may require extra coverage not provided by Original Medicare. Most Medicare Advantage plans include vision, hearing, dental, prescription medication coverage, and/or health and wellness programs, making them a convenient all-in-one option.

CONSIDER THE ACCOMPANYING CHARACTERISTICS OF A MEDICARE ADVANTAGE PLAN AS YOU LOOK FOR THE BEST COVERAGE FOR YOUR REQUIREMENTS.

1. ADDITIONAL COVERAGE:

 Unlike Original Medicare, Medicare Advantage plans may include coverage for hearing, vision,     and/or dental care.

2.MEDICATION COVERAGE BY PRESCRIPTION:

Prescription drug coverage is commonly included in Medicare Advantage plans (called Medicare Advantage Prescription Drug Contracting, or MAPD). To obtain help paying for your prescription medicines with Original Medicare, you must enroll in and pay for a separate Prescription Drug Plan (Part D).

3. FITNESS STANDS TO BENEFIT: 

Medicare Advantage plans may cover basic fitness services through a program like SilverSneakers, which provides seniors 65 and up with unrestricted access to thousands of fitness centers nationwide.

4. MEDICAL COVERAGE FROM AROUND THE WORLD:

Original Medicare isn’t valid outside of the United States, however some Medicare Advantage plans do.

5. COST-CUTTING AND OUT-OF-POCKET SPENDING RESTRICTIONS: 

Because out-of-pocket payments for Medicare Advantage members are normally set at $6,700, a Medicare Advantage plan may be less expensive. When you exceed your MA insurance plan’s maximum out-of-pocket limit, your MA insurance plan will cover any subsequent covered expenditures for the remainder of the calendar year. Original Medicare, on the other hand, does not have a yearly maximum out-of-pocket limit and may cost you more.

6. HAS ACCESS TO THE SAME BENEFITS AS ORIGINAL MEDICARE:

All Medicare Advantage plans must provide at least the same coverage as Medicare Parts A and B, and they are not allowed to charge more than Original Medicare for specific procedures such as chemotherapy, dialysis, or skilled nursing facility care.

7.AMALGAM OF CREDIT CARDS:

Medicare Advantage is frequently referred to as an all-in-one plan. Your medical, hospital, and prescription pharmacy coverage will all be covered by a single card. You no longer need three cards for Original Medicare, supplementary insurance, and a prescription medication (Part D) program; now, you just need one.

8.PAY-AS-YOU-GO (PAY-AS-YOU-GO):

Medicare Advantage programs are sometimes referred to as “pay-as-you-go” plans. When you see a doctor or specialist, have a preventative or diagnostic test, or stay in the hospital, you must pay a copayment. Some Medicare Advantage plans feature low or no premiums, which might save you money over a Medicare Supplement Insurance Plan if you only see a doctor once in a while.

9. IT MIGHT BE LESS EXPENSIVE THAN A MEDIGAP PLAN:

Medicare supplemental insurance, or “End of the trial period,” is a form of private health insurance that helps pay for health-care expenses not covered by Original Medicare, including as co-payments, deductibles, premiums, and coverage outside of the United States. Monthly premiums for Medicare Advantage plans are often cheaper than for Medigap policies. It is, however, not always less costly. Depending on your health and coverage needs, a Medigap plan may potentially result in reduced out-of-pocket costs in the long term.

10. YOU CAN QUICKLY REACH DOCTORS AND OTHER PROVIDERS IN THE PLAN’S SERVICE NETWORK:

Some Medicare Advantage Plans contain network limits that might limit your ability to see doctors and go to hospitals. A Medicare Advantage plan, on the other hand, may be beneficial if your doctors and providers are in your network and are conveniently accessible.