Best Medicare Advantage Plans
Many people on Medicare can enjoy the healthcare benefits at affordable prices through Advantage plans from Medicare. Such plans offer great coverage and are best for those enrolled with Medicare but are not getting the coverage they need.
What are the best Medicare Advantage plans, you may ask?
Well, we can help you find the answer to this question. However, you need basic information before you decide as there are different types of advantage plans in the market.
You get different types of coverage with Medicare Advantage
While searching and comparing the Advantage plans, you’ll notice that these plans are available with several different names. Here are the common names with which these plans are found:
- Medicare Advantage Basic
- Medicare Advantage Silver
- Medicare Advantage Gold
- Medicare Advantage Part D
- Medicare Advantage Plus
The above names may not make any sense to you right now. However, below we’ll help you learn about some common Advantage plan types.
This way you’ll be able to find which plan falls under which category.
Let’s start with the basic plan.
Basic Plan: As the name tells, the basic plan offers only the guaranteed or basic coverage. It’s suited for seniors who look for straightforward coverage.
You can expect coverage for Part B and A of Medicare, emergency care, urgent care, excluding hospice insurance. It offers the most basic coverage, which is mandatory for every Advantage plan.
Part D: It’s one of the most common types of Advantage plans. Such plans do not always carry the name “Part D,” but every plan that offers prescription coverage belongs to this respective category.
If you are someone who needs expensive medications every year, this plan is for you. It’s because Part D offers you coverage for both generic and branded drugs.
Now, this plan type does not go by any name. But you can determine this one by the features. For example, these advantage plans offer you the basic coverage, but along with that, you’ll also get benefits such as coverage for: –
- Dental Visit
- Visit an Optometrist
- General healthcare specialist
- Hearing specialist
Let’s say you need prescription eyeglasses or a hearing aid. With these plans, you can get the expenses covered. Some other basic services such as teeth cleaning or x-rays can also be covered with such plans.
Prices of Advantage plans can vary.
There’s not a specific price for all these plans, which means Medicare doesn’t regulate the prices of these plans.
Private insurance carriers such as AARP, Aetna, etc., can individually ask for separate prices. And this freedom is given to them by Medicare itself. If you consider the average prices, it’s around $45 each month for most Advantage plans.
However, while comparing, you’ll find plans ranging between $0-$100 per month.
Now, the reason behind such a significant price difference is the location. A company “A” can offer a Plan “P” at a price “X,” and the same plan “X” can be available at a different price “P+P” with company “B.”
Also, an advantage plan that seems affordable at some locations might become too costly at some other locations.
Most people face problems while comparing the prices of Advantage plans from private insurers. It’s because the rates are never listed openly.
You either need to visit the private insurer or make a call to enquire about the prices. And this can sometimes feel like a hassle
However, there’s a simple way to access the information. Using this website which you’re currently on, can help you compare quotes from different insurers. Here, you can find prices based on where you live.
Also, the information is always the latest and comes from accurate resources. Using our website, you can make a better decision by comparing and deciding which insurer offers the best deal.
Although price is an important factor to consider, it’s not the only factor you should consider while comparing the Best Medicare Advantage Plans.
Other factors like the one mentioned below matter too:
- How well does the insurance company take care of its customers?
- Is their claim process simple or complex?
- What are the coverage benefits the insurance company offers?
- Are all the plans offered by the insurance company available in your area?
You can register for any plan that seems perfect for you. However, if you want to change your plan in the coming years, you need to ensure that the insurer offers this privilege. If there aren’t many plans available in your area, you’ll have to wait for at least a year or maybe two.
And if you want to change your plan ASAP, you may have to change your insurance provider. But make sure that the new insurance provider you’re choosing has a better network and allows switching.
Comparing the provider’s coverage network helps in choosing the right plan.
There’s an important thing you should know about Medicare Advantage. You won’t get full coverage from your insurer if you visit a facility without accepting plants from your insurer.
Let’s suppose you purchase an Advantage plan from Aetna and visit a facility that does not accept Aetna’s plans. In this case, you’ll have to bear either some or all of the expenses incurred. So, make sure to stay within the coverage area if you don’t want to pay some or all of the expenses incurred.
A reliable Advantage plan is the one that covers you where you reside or live. And according to this description, the HMO plan is what most people consider suitable. With this plan, you can get coverage only in your provider’s network. Also, it is affordable for all because of the limited coverage it offers.
So, if your house is located near a provider facility, you should definitely opt for the HMO plan. It’s because this plan can offer you the required coverage and that too at affordable prices.
However, the above conditions are not true for everyone. So, if you’re located where there are fewer medical facilities, and it’s hard to locate doctor’s offices, clinics, or hospitals, it’s best to go for PPO plans.
Such plans not only cover you within the network but also offer partial coverage outside the network. It’s a perfectly suited plan for those who either travel a lot or are living in a rural area.
If you’re unable to choose the Best Medicare Advantage Plans, please reach out to us. Our professionals will be glad to understand your needs and devise effective medical insurance.
Advantage plans are an affordable yet effective way of both saving money and achieving the best possible coverage.
However, you can only enjoy the full benefit if you find a plan that meets your needs. And for that, you need to contact our advisors by calling us at the number below!
Call today for help!