Medical cover is quite expensive, though a government is always trying to improve country health sector, which explains existence of Medicare. So then, what is a Medicare advantage plan?
What is it?
Medicare Advantage plan 2019 is also known as MA Plan or Part C Medicare. It is found in packages offered by private insurance companies, with Medicare permission. You are eligible to get all the benefits of Medicare Part A and Part B under MA, but without a hospice care. Additionally, it is possible to enjoy other benefits such as dental services and prescription drug coverage. However, different MA Plans have different offerings.
What options do I have?
People wishing to get private Medicare have a number of options to choose from; Health Maintenance Organization (HMO) plans, Special Needs Plans (SNPs), Preferred Provider Organization (PPO) plans Private Fee-for-Service (PFFS) plans, HMO Point-of-Service (HMOPOS) plans, and Medical Savings Account (MSA) plans. Each comes with plan-specific benefits and costs. Consequently, one should expect that it costs differ across companies as well as location.
How to choose one that fits your needs?
As with any purchase, a rule of thumb to follow is to choose a plan whose benefits are the right fit for you. If you have an eye problem or need regular eye checkups, it would make sense to choose one that covers optical services. The same is true for people with dental problems.
Another factor to consider is your geological region. Always choose benefits that are being offered within your location. Check with your MA Plans insurance company on those available in your region to avoid paying out of your pocket because you are outside the plan’s location limit.
If you are the type of person that is rarely sick and only requires a plan to cover your yearly checkup, then choose one that is affordable and covers all your basic medical needs. The PPO plan would be suitable in this case as you pay less if you use health care providers who belong to the plan’s network. This way, you do not have to worry that you are paying too much for a service that you rarely get to use.
When choosing, Medicare Advantage Plans are the best as they cover you beyond the government-funded Medicare. You only need to pinpoint your medical needs and choose a plan that works best for you.