We gave you a brief introduction into the 6 types of Medicare Advantage plans. Today in part two of our of our series we are going to share some information with you about Health Maintenance Organizations or HMO’s. Our hope is that by the time you reach the end of this blog series you find yourself more knowledgeable about the types of Medicare Advantage plans available to you so you can better become your own advocate for your healthcare needs.
You may be interested to know that there are ways you can expand on your Medicare coverage outside of just enrolling in Original Medicare (Part A and Part B). A Medicare Advantage plan is one of the ways you can do that. Medicare Advantage plans (also referred to as Part C or MA plans) offer at least the same level of coverage as Original Medicare, except one major benefit of Medicare Part C is that plans can provide a range of benefits not included in Part A and Part B such as routine vision, dental, prescription drugs and health wellness programs.
Topics: Medicare Advantage plans, What are Medicare Advantage Plans?, medicare advantage, Medicare Part A, What is Medicare Part A?, Medicare Part B, What is Medicare Part B?, Original Medicare, What is Original Medicare?, Medicare Premiums, hmo, ppo
If you have not, it is a term you may want to become familiar with. One of the components of Medicare Part B is the excess charge. These Part B charges can come about if an enrollee goes to see a physician or receives services from a hospital or facility that does not accept Medicare. If they do not accept Medicare, and the Medicare approved amount for service is lower than what they charge, then the doctors or hospitals can claim excess charges. This means that depending on what your plan pays- you could be left responsible paying the difference between what Medicare pays versus what the doctor charges.
Topics: medicare costs, what does medicare cover?, Medicare Part B, What is Medicare Part B?, hospital, inpatient hospital care, Medicare Supplement, Medicare Supplement Plans, medicare advantage, Medicare Advantage plans, hmo, Original Medicare
Medicare can be a real mystery for a majority of the 10,000+ people that come into the program each day. It can be downright frustrating trying to wade through all of the information that you as a beneficiary may start to receive before your 65th birthday. Today we are going to break down some common mistakes you can avoid to make the transition into Medicare smoother.
Topics: Medicare, Penalties, open enrollment, initial enrollment period, Medicare Part A, Medicare Part B, Medicare Part C, Medicare Part D, What is Medicare Part A?, What is Medicare Part B?, What is Medicare Part C?, What is Medicare Part D?, medicare advantage, Medicare Advantage plans, What are Medicare Advantage Plans?, hmo, applying for Medicare, Medicare Enrollment
According to a Kaiser Family Foundation page, “Medigap Reform: setting the Context for Understanding Recent Proposals,” the vast majority of Medicare beneficiaries enhance their Medicare benefits with some other kind of coverage. Even though Part A and Part B offer very broad coverage, it is no secret that there are gaps because of deductibles, copays, coinsurance, and things that Medicare does not pay for at all. People who are interested in buying Medicare insurance from private companies to enhance their own benefits might be interested in learning what other beneficiaries do to make the most of their health benefits.