Medicare Advantages: Everything You Need to Know About Your Health Plan
What is Medicare?
Medicare plans are available for people who are 65 years or older. They also help those who have disabilities. Medicare is there to help people who may have been otherwise denied by other healthcare plans.
The Three Parts to Medicare
- Medicare A is considered to be insurance for hospital visits.
- Part B will cover your doctor's visits and any medical supplies you may need.
- Part D is considered the prescription drug plan. Medicare plans under Part D will cover other costs associated with the original plan. It can also cover added out-of-pocket costs you may incur through private visits or other.
FYI: The Medicare Advantages Plan and the Medicare Prescription Drug Plans work similarly when it comes to drug costs. You may want to talk to your doctor about what prescriptions are included as part of your coverage. You may have to pay a little extra for some medicine.
What Are the Benefits of Medicare?
Your monthly payments are reduced. No matter what plan you sign for. Plan A is considered by many to be the "free one" unless otherwise noted. Plan B will start you out at $135 a month. It is important to mention that some premiums could be higher. It all depends on how much money you make. Do you have social security right now? You can expect to pay a minimum of $130 per month for Plan B.
Medicare Plans and Medicare Advantages Plan have gained wide acceptance across the country. The main reason is the options. Medicare is not like other health insurance plans. You are not going to get stuck with one plan. Medicare offers a choice.
What About Medicare Gap?
This is considered supplemental health insurance to work with your current Medicare Plans. Healthcare providers suggest that you sign for both because there are going to be some out-of-pocket costs that your regular insurance will not cover.
Medicare Gap offers a wide range of coverage that works with Plans A, B, and D. Medicare Advantages, Medicare, and Medicare Gap all work as a co-pay or co-insurance option.
Your blood work will be covered, at least partially. The plan will also cover aspects of Hospice that Medicare Plans do not pay for.
FYI: Three points to make: One, there might be some restrictions involving your coverage. That is why you need to talk to your doctor before signing up. Secondly, you may lose some of your coverage if you plan on moving anytime soon.
The last point is that some of the Medicare Plans and Medicare Advantages Plans might not be available in your local area. That is why you need to speak with your doctor about your options, especially if he or she is not covered under your current plan.