Most seniors are comfortable with Medicare Advantage Plans. Medicare Advantage Plans is the private Medicare Supplement Plans that supplements the Medicare program and covers many of the same services. The Medicare Supplement Plan (MSRP) covers outpatient hospital services, doctor’s office visits, prescriptions, and much more.The supplemental plans are tailored to meet specific needs of seniors. Medicare Advantage Plans covers a wide range of medically necessary services, and because the program is administered by private health insurance companies, the costs are significantly lower than traditional Medicare.
Another benefit of Medicare Advantage Plans is that if you live too far from a participating doctor, it is possible to see an outside provider. This makes using the program easy for seniors who live in rural areas or cannot easily access a doctor in their area.Although there are several different types of Medicare Advantage Plans, there are four broad categories. Each of these plans covers similar services, with the variations based on where the doctor’s office is located.
Standard Medicare Part D covers all doctors’ offices and hospitals in a specified geographic area. The service is provided by a private, government sponsored company. The doctors are licensed by the Department of Health and Human Services, but the patients are treated the same as the rest of the country.The most common Medicare Advantage plan is the Part C Prescription Coverage Plan. Part C is intended for those who cannot afford or are not qualified for Part A, which covers hospitals and doctors’ offices.
The Part C covers all doctors’ offices as well as most pharmacies and clinics. If you use your physician’s office as a regular source of care, you can count on it for Part C. Medicare Advantage Plans use your physician’s office for the bulk of their services.Another Medicare Advantage Plan is the Part B Fee-For-Service Plans. This Plan reimburses physicians the fee they charge patients for seeing them, plus a small extra percentage that depend on the type of service provided.
Doctors with Medigap will be able to qualify for this Plan, and it does not depend on your ability to pay. Part B includes diagnostic imaging services, laboratory testing, and other services that are not covered by Part C.A third type of Medicare Advantage Plan is the Part C Managed Care Plans. Under this Plan, you choose which plan you prefer, and you’re covered 100% of the time you use that plan.
Part C Managed Care Plans is great if you are looking for a Plan that will provide you with coverage during an emergency, and it is only provided if you have purchased the insurance. Some of the features of Part C Managed Care Plans includes allowing you to decide who your primary care physician is and if you want to sign up for some other specific medical services. Each Medicare Advantage Plan has its own set of benefits and restrictions. It is a good idea to speak with a specialist to see what the plans offer and how it will affect your life.