Medicare Part C might be one of the comprehensive medical coverage options available. It is often referred to as Medicare Advantage. You can get it from an insurance provider. This post will discuss its coverage plan and how you register for it.
Coverage of Part C
Medicare Part C plan includes different Medicare plans in one policy. In that case, it covers Original Medicare. It means that it includes Medicare Part A and Part B.
This policy will pay for common medical expenses, like nursing care, doctor’s office visits, hospice care, and most outpatient and inpatient costs.
In addition to those things, Part C also covers emergency services and urgent medical care. If you are a senior citizen, these are considered as common expenses. These items and the items on the Original Medicare will form a Part C plan.
Since Medicare endorses it, the coverage will not matter where you buy the policy. Insurers can sell Medicare Part C 2020 plans and they can dictate the price. However, they cannot control the basic coverage of Part C.
However, insurance providers can offer additional coverage. And of course, the more extra protection they add, the more expensive the plan will be.
The additional coverage may include Medicare Part D. You can get it with your 2020 Medicare Supplement plan. It would pay for your prescription medicines.
The medicines that it will cover will depend on the insurance company. Although insurers offer some coverage for the same medicines, they vary in amounts. For example, drug A is covered completely while drug B is covered partially.
It is vital to remember though that Part D is not guaranteed to be part of the Medicare Part C plan. Then again, you can choose to buy it separately.
That is, if Part C does not include Part D. You cannot purchase Part D if the Part C you chose includes Part D as part of the package. Medicare will not allow identical coverage.
Besides Part D, insurance companies may also include other items of coverage. The additional coverage may include those items that are part of your annual checkups.
Although the Initial Medicare has some checkups covered, insurance providers of Part C may introduce coverage for different checkups, like hearing, vision and overall well being. This plan may also pay for your prescription glasses, hearing aids and others.
How to Obtain Part C
You become eligible for Part C coverage if you are at least 65 years old. But you may also qualify before that age. But you need to be diagnosed with end-stage renal disease or have a certain form of disability.
Open enrollment is the right time to sign up for Part C. The enrollment period could last for two months. if it is your first time to sign up, you can get a plan of your choice at the best rate.
If you have Part C or enrolled in another Medicare plan, you can change your plan during Open Enrollment. You cannot change it whenever you feel like it.
You can also obtain other Medicare plans, in addition to Part C. But you cannot get two plans that cover the same things.
Overall Cost of Part C
To take advantage of Part C, you need to pay the monthly premium of it. The rate will depend on the insurance provider where you signed up for the plan.
The more coverage the plan has, the more you will need to pay. The cost and coverage can vary depending on the insurance provider.
Apart from the premium, you will also pay Medicare Part B deductible. You will have to pay it once a year that costs around $183. If you do not wish to pay for it, you may obtain a Supplement plan that can cover such expense.
Keep in mind that the rates for Medicare Part C change from year to year. Medicare does not control the rate. Thus, it is pertinent that you compare rates to get a good deal.
If you could perform thorough research by comparing rates of one plan from different insurances, then you can save thousands of dollars on your medical care per year.
Compare Medicare Advantage for 2020