Medicare Advantage Plan 2020
Advantage insurance policies are bigger and better than your average Medicare plan in a lot of ways. They build on the foundation and basics of the Original Medicare coverage plan and go farther with what they have to offer. That means they have the potential to save you even more money on your healthcare costs, which is why we want to discuss why you might want to sign up for a Medicare Advantage plan in 2020.
Advantage plans will be available for you to apply for during this year’s Open Enrollment. That takes place near the end of the year and lets you apply for plans that will go into effect starting on the first day of the following year. So, if you want a 2020 Medicare Advantage plan, you will have to sign up for it during the Open Enrollment period that takes place in 2019. It starts this year on October 15th and lasts until December 7th. That’s about a two-month window in which you can try to apply for the plan that you want. Be careful that you don’t rush into anything and sign up for the wrong plan. You could regret not taking your time and trying to find the most economical option available.
Medicare Advantage offers More
The best reason to sign up for a Medicare Advantage plan is because it is going to cover you better than most other medical insurance plans. It covers all the stuff that’s included in the Original Medicare plan. That would be the totality of Medicare parts A and B. It can serve as replacement for your current Original Medicare plan, if you like. The difference is that you would be getting this coverage through your private insurer instead of through the Medicare organization.
Another difference would be that the Advantage plan offers you additional coverage beyond basic Medicare. It will cover you for urgently needed medical care, which can vary from situation to situation. This could mean coverage for some medications, surgeries, medical tests and other healthcare services. Also covered under the Advantage plan’s core policy is the emergency medical services that you require throughout the year. This can include things like ambulance transport, ER care and other life-saving treatment. If you have ever tried to pay for ambulatory care or ER care out of your own pockets, then you know how expensive those can be, and Advantage plans offer all of that to you as covered at a fairly reasonable price.
The prices will vary from one plan to the next, so be sure to use our website to compare those prices and see which is the best one before you take the leap and sign up for a plan.
A Medicare Advantage plan for 2020 could also cover you for prescription drug costs under Part D coverage. This is included in many Advantage plans, but not all of them. It’s considered to be an optional coverage item. Another optional coverage item that these plans often include is for checkups. This applies to checkups for general wellness, checkups for your vision, hearing and other kinds of related services.
Check closely to see what kind of coverage each Advantage plan is providing, as many of them differ in small ways that will affect you throughout the year.
Know the Network Area
Did you know that if you signed up for a Medicare Advantage plan, that you can’t just receive full coverage from it at every medical facility through the United States? There will be some medical facilities that are not part of your insurer’s network, and at those places you will not receive full coverage from your plan. You do have some options that you should know about, though, that can help you to get more coverage or save money based on where you go for healthcare.
Most seniors who choose Advantage plans will pick an HMO option. What this means is that they are covered fully by their plan so long as they receive medical care in their insurer’s network. They would have to go to a hospital or clinic that is part of the insurance providers network in order to receive that full coverage. The only time they can receive any coverage outside the network with an HMO option is during certain kinds of medical emergencies.
A PPO plan will cost you more but will also cover you better than an HMO plan does. With a PPO option, you will be covered fully on the network once again, but you also get some coverage outside the network, regardless of whether you are experiencing an emergency or not. This is great for people who live outside of the common network areas and who have trouble finding a network facility in their area.
Pay Less for Advantage Plans in 2020
Advantage plans can cover a lot of healthcare costs for you, and because of that, you might think they would be expensive. You can actually get some great deals on these and find excellent savings when compared to what the average person pays for them. If you use our website, you can perform a search for the Advantage plan you want. Your search results will come back based on your location, and you will get a list of relevant quotes for your area.
This list tells you what different insurers charge for these plans, and there is no better or faster way to get all that pricing information. We offer this free of charge and allow you to come back as often as you need to to in order to check the prices on the plans. They do change periodically, so we actually recommend that you come and check with us regularly to see what the rates are and if there is some new pricing information you need to know about.
Contact us with any questions you have regarding a Medicare Advantage plan for 2020. We can help you out and show you how to save money on these plans while still getting the coverage that you want.