COMPARE MEDICARE ADVANTAGE Plans for 2020

Medicare has designed a number of different plans that it allows private insurance companies to sell for it. One of those plan types is Medicare Advantage, and these plans offer powerful coverage that can make it much easier to afford the healthcare services that you need as you hit your senior years. Medicare Advantage plans 2020 is offering have a lot of potential to save you money and cover you well.

We’re going to look at what this kind of plan is offering in 2020 and how it may be able to benefit you. Even if you decide that you don’t need an Advantage plan, just being better informed about your choices may help you make a better choices for now and may give you an option you want to pick in the near future.

We know 2020 is still far away, but being prepared and planning out your medical coverage for the coming years is a smart way to save money and ensure that you have the most appropriate coverage for your specific needs. You can’t just pick what is most popular or what your friends recommend to you. The choice to go with one medical insurance plan or another needs to be a personal decision that benefits you specifically. Here then is what you should know about Medicare Advantage 2020 plans for the upcoming 2020 year.

Compare Medicare Advantage for 2020

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How Medicare Advantage Works

Each kind of Medicare plan- Original Medicare, Medicare Supplements, Medicare Advantage, Medicare Part D- works a little differently. There are some quirks and characteristics of Advantage plans that you should be familiar with to have a better idea of how this kind of plan will suit you.

Advantage plans are sold privately, which means you won’t find them through Medicare itself. You have to go to a private insurance company such as AARP, Mutual of Omaha, Cigna, Aetna or one of the many other national and local insurance companies that sell them. Each of these insurers has to provide Advantage plans that have basic coverage, but they can add some coverage onto that to make the plans their own and to set them apart. This gives you some options, and we’ll get into the different medical expenses they can cover for you shortly.

Advantage plans will essentially replace your Original Medicare plan, if you indeed have one. If you don’t have Original Medicare, then you can still sign up for the Advantage plan, and it will serve as a substitute for Original Medicare, covering many of the same expenses. It covers the cost of most Medicare Part A and Part B services, which takes care of a lot of the cost of hospital stays, bloodwork, lab tests, blood use, prescription drugs, doctor visits and more. It also covers you for all urgently needed medical services or those categorized as emergency services.

This basic coverage is provided for you no matter which insurance company you buy your Advantage plan from and what kind of Advantage plan you get. Even the price you pay for the plan does not affect the basic coverage. You are guaranteed at least this amount of coverage with Advantage plans.

Advantage plans will all be restricted by their insurer’s network. That network refers to any clinic, doctor office, hospital and even pharmacy that has decided to accept the insurance company’s coverage plans. If you go to any medical facility or pharmacy that is on the network and you receive healthcare services there, then your plan will be valid there and you will receive full coverage. It doesn’t matter what kind of Advantage plan you pick- the full coverage of your plan is always available the network.

But what happens when you go off the network for medical services? How much you are covered for according to your plan will vary based on the kind of network option you chose. There are two basic network options to pick from these are HMOs and PPOs. The one most people will go for is the HMO. This covers you solely on the network. Off the network, it will do nothing for you, except in some emergency situations when you have no choice but to go to an off-network facility for treatment.

PPOs give you better coverage, but they also cost you more. These will cover you full on the network as you might expect, but of you go to a medical facility that is not part of your insurer’s network, and you have a PPO plan, then you will be covered partially. That gives you freedom to go just about anywhere for medical coverage, but you need to bear in the mind the lowered coverage off the network and the higher costs for the PPO plan.

What Sets Advantage Plans Apart from Each Other?

Besides the network choices the various Advantage plans comes with, there are also coverage differences between the plans. Some of them will only offer you the basic coverage all Advantage plans must include. Others will offer you a lot more, providing powerful coverage that leaves you very little to pay out of your own pockets.

There are to additional coverage items that many advantage plans will offer. These are Medicare Part D and coverage for checkups. Part D includes full coverage for the prescription drug plan, which provides you with tiered coverage for drugs. What that means is that some drugs will be covered entirely under this plan, while others will be covered only partially. There are tiers of coverage that give you high to low coverage for different drugs, depending on the Part D plan you end up with. Each insurance company that offers Part D has their own version of it, so the coverage will be a bit different on each one.

Checkup coverage takes care of the cost of visiting the doctor or a specialist of some sort to have your hearing, your vision or general wellness examined. This same item of coverage may also be able to absorb the cost of prescription eyeglasses or a hearing aid for you, as well as other related charges.

You’ll find that a lot of Medicare Advantage plans 2020 is offering will cover all of these additional expenses for you, but that may be too much coverage for you. In that case, you should look for a basic Advantage plan or find an alternative that will provide you with suitable coverage.

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You Do Have Other Options

You don’t have to go with an Advantage plan. As a senior, you have lots of choices for medical insurance plans. You could go with a Medicare Supplement plan, which will cover you for those expense that are related to Medicare Part A and Part B but are not already covered by Original Medicare. If you are going to sign up for a Medicare Supplement plan, you will need to have an Original Medicare plan as well. These two plans work together to provide you with a blanket of coverage that includes cover for most outpatient and inpatient costs.

You can choose from one of 10 different Medicare Supplements, but know that two of them will not be available to new subscribers. If you have not signed up for a Medicare Supplement before, then you cannot sign up for either Plan F or Plan C. These two high coverage plans are limited to only current subscribers because they are often overpriced, and legislation that has been passed only recently has limited who can sign up for them. This will still be in effect in 2020.

Supplement plans can cover a variety of medical expenses for you. The most notable ones, or the ones that will be common expenses for the majority of people, will be deductibles for Medicare Part A and Part B, as well as coinsurance costs for Part A and Part B, including coinsurance for both hospital stays and hospice care.

Supplement plans also provide coverage for some other blood you use every year, your foreign travel exchange costs (regarding emergency medical transport) and excess charges related to Medicare Part B services at medical facilities that do not fully accept Medicare coverage.

Knowing about your alternatives is a good way to determine what your best insurance option is. Advantage plans may offer a way to lower your costs and keep you covered for out-of-pocket expenses, but they may not be your best choice. The more options you look at, the better your chances will be that you will find the very best plan for you.

There are other choices for you than just Medicare Supplements and Medicare Advantage, though. You could also get Medicare Part D on its own, if you like. Or, if Part D is not included in the Advantage plan you end up signing up for, then you could always buy it separately and essentially tack it on to the coverage you already have.

Finding the Best Advantage Plan

If you want a Medicare Advantage plan to provide your healthcare coverage, then you want to be sure you pick the right one. There are lots of insurance companies out there offering many different versions of these plans.

In order to find one that suits you well, you first need to assess your medical coverage needs. Look at those expense that you are paying out of pocket for right now and especially focus on those expense that you struggle pay each year or each month. Many of those may be able to be covered by the right Advantage plan. These are expansive plans that can cover all sorts of healthcare costs for you, but you need to make sure you find one that suits you.

The cost of the plan needs to be factored in as well. You’ll want to care costs and ensure that you find an affordable plan. Assess your current healthcare coverage costs and how an Advantage plan may lower or increase those costs you pay each month and each year. If you look, you can find Advantage plans that offer $0 premiums, which means you are paying nothing each month for that plan. You will still need to pay the monthly premium on Medicare Part B, though. You also need to pay the deductible for the Advantage plan, so it is not like it is free, but it doesn’t have to be overly expensive. In fact, Advantage plans can be some of the most economical choices for medical insurance.

To find the best Advantage plan in 2020, you also need to compare the network. Determine whether you would benefit more from a cheaper but lower coverage HMO or a more expensive but higher coverage PPO. Also look at the network for any insurance company you are considering buying an Advantage plan from. This is not a problem you run into with Supplement plans, but Advantage plans are limited by their network. You may have to look at a different insurer to buy your plan from, if the network for a specific insurance company is not relevant to your area.

You can do a lot of your comparing by using a price comparison service, which is a free service online that lets you search for your desired plan. In a matter of moments, it gives you results for that plan, showing you what several insurance companies in your area charge for the plans. That allows you to easily compare prices and find the best rates, and you can save so much money this way. Just by choosing one slightly cheaper plan over another plan, you can save hundreds of dollars a year. Choosing a plan with the appropriate coverage can save you even more, as you will have fewer out-of-pocket costs. You will also have more peace of mind and not have to worry so much about whether you will be properly covered when you go to the hospital for treatment or go to visit your doctor.

By choosing the right Medicare Advantage plans 2020 has to offer, you will worry less, pay less and be more likely to seek out medical care when you need it. You don’t have to stay at home sick because you fret about the cost of healthcare any longer. Choosing the right plan ensures that you are covered well and that your finances can handle the monthly and yearly costs of the insurance plan you chose.

Compare Medicare Advantage for 2020

ENTER YOUR ZIP CODE BELOW

 

 

SPEAK WITH AND AGENT NOW!

1-844-203-0053

TTY users 711
Mon – Fri : 8am – 5pm EST