Medicare Decision Guide Medicare Advantage Plans

In this economy is always good to compare medicare supplemental insurance plans. There are many companies providing the extra coverage seniors need to save on those irritating out of pocket medicare expenses.

Medicare covers certain medical services and supplies in hospitals, doctors offices, and other health care settings. Services are either covered under Medicare Part A (Hospital Insurance) or Medicare Part B (Medical Insurance). If you have both Part A and Part B, you can get all of the Medicare-covered services listed here, no matter what type of Medicare coverage you choose.

Medicare Enrollment
October 15th begins the medicare enrollment period for Seniors. Between Oct 15 - Dec 7th eligible Seniors can add a Medicare Supplement Plan, switch to a Medicare Advantage Plan or add on a Medicare Prescription Drug Plan. There are several other changes that can be made in addition. If you are looking to join a Medicare Advantage Plan enter your zip code below.

A Medicare Advantage Plan (like an HMO or PPO) is another health coverage choice you may have as part of Medicare. Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by private companies approved by Medicare. If you join a Medicare Advantage Plan, the plan will provide all of your Part A (Hospital Insurance) and Part B (Medical Insurance) coverage. In all plan types, you are always covered for emergency and urgent care. Medicare Advantage Plans must cover all of the services that Original Medicare covers except hospice care. Original Medicare covers hospice care even if you are in a Medicare Advantage Plan. Medicare Advantage Plans aren’t considered supplemental coverage.

Medicare Open Season is between October 15th and December 7th of each year. Your coverage will begin on January 1 of the following year, as long as the plan gets your enrollment request by December 31. Between January 1st to March 31 of each year. Your coverage will begin the first day of the month after the plan gets your enrollment form. During this period, you can’t do the following:

Medicare Advantage Plans may offer extra coverage, such as vision, hearing, dental, and/or health and wellness programs. Most include Medicare prescription drug coverage. In addition to your Part B premium, you usually pay one monthly premium for the services provided.

Medicare pays a fixed amount for your care every month to the companies offering Medicare Advantage Plans. These companies must follow rules set by Medicare. However, each Medicare Advantage Plan can charge different out-of-pocket costs and have different rules for how you get services (like whether you need a referral to see a specialist or if you have to go to only doctors, facilities, or suppliers that belong to the plan). More on Medicare view the medicare white paper.

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