Medicare is useful health coverage for retired individuals. However, not everything is covered. To get better coverage, many people consider Medicare Advantage or Medicare Part C.
Medicare Advantage features private insurers that offer the same services as that of the original Medicare. Also, you have the option of getting supplemental coverage to fill some gaps in your Medicare. Being wise with your Medicare Advantage means knowing what options are available. Here are some of the smart moves you can use to your benefit.
Choosing Medicare Advantage during Initial Enrollment
Anyone who is qualified for Medicare can get Medicare Advantage – even those who are still in their initial enrollment period. When evaluating whether switching to Medicare Advantage is a wise decision, it’s vital to understand its differences from the original Medicare coverage.
With original Medicare, you are allowed to use any doctor you prefer as long as they are in the Medicare program. Medicare Advantage plans, on the other hand, are either health maintenance organizations or preferred provider organizations, where you’d only get the best value if you avail services from hospitals and providers within their network.
Aside from that, they also differ in coverage and costs. Medicare Advantage plans include coverage types not included in an original Medicare. When considering a plan, it’s vital to be fully informed of coverage and cost to help you decide whether it suits your needs.
Switching to Medicare Advantage Plans
A lot of Medicare enrollees don’t change their initial decision – they often stick with their first choice year after year. But every year, you have the chance to switch to or from Medicare Advantage.
There are instances when it would be wise to start with original Medicare first before switching to Medicare Advantage later on. For example, if you’re healthy and you don’t need that many services, then going for original Medicare makes sense. But later on, you may switch to Medicare Advantage when there’s a need for more health care services.
Switching to a Different Medicare Advantage Plan
You can use the open enrollment period to switch to another Medicare Advantage plan. For instance, you can switch a plan that doesn’t have drug coverage to a plan that has it. Basically, you can change it according to your needs. Thus, re-evaluate your health plan before the enrollment period.
Medicare Advantage plans are becoming popular over time. That’s because it provides flexibility when it comes to choosing plans. By understanding your options, you can make sure that you’re not missing out on opportunities.
Medicare Savings Advisors specializes in Medicare health plans. We are dedicated to making your health insurance shopping experience more convenient and less stressful. To know more about Medicare, talk to one of our agents by calling 410-852-9100 or visit us today!