Best Medicare Advantage Plans for 2020
The Advantage plans you can sign up for in 2020 can help save you money on your healthcare, but how will you know if you are getting the best Medicare Advantage plans for 2020? We want to tell you about the top plans, what makes them so valuable, and how you can get one of these great healthcare insurance plans without paying a whole lot.
Medicare Advantage Explained
First off, let’s quickly run down what Medicare Advantage can do for and how it works.
Medicare Advantage plans are designed to be replacements for basic Medicare, taking care of more healthcare expenses for you while charging you a decent, affordable rate. Medicare Advantage plans do require that you have a basic medical plan in order for them to work, but then once you enroll in the Advantage plan, it will replace much of your basic Medicare coverage. You will get covered for most of Medicare Part A’s benefits and all of the Part B benefits. You also get coverage for any emergency medical care that you need and any urgently needed treatment.
This includes hospital stays, visits to the doctor’s office, some medications, emergency room services, ambulance transport, medical tests, surgery, blood usage, nursing care and more. All of that can be covered either partially or fully by your Advantage plan.
Medicare Advantage plans offer so much healthcare coverage that you generally won’t need additional coverage plans to help meet your medical expenses. However, the base plan might not be enough for you. We’re going to tell you about the best Medicare Advantage plans so that you can be sure to choose the right insurance plan for your situation and not regret your coverage choice later on.
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The Best Coverage
We told you about the coverage you will find in a basic Advantage plan, but there is more than the basic plan to choose from. You could also pick a Medicare Part D Advantage plan. This is a Medicare Advantage insurance plan that includes the powerful Medicare Part D prescription drug plan in it. Medicare Advantage is known by the name Medicare Part C, and adding Part D to it just makes it a more complete plan.
It is actually very common to find Part D Advantage plans, and more Advantage plans contain Part D coverage than don’t. However, you don’t want to assume Part D prescription drug coverage is automatically included in your Advantage plan. You should check closely to see what coverage you will be getting, because Advantage plan providers are not required to include Part D drug coverage.
The Part D plan will cover you for a variety of prescription drugs, lowering your costs and leaving you a lot less to pay out of pocket. You can be covered for both generic and name brand drugs.
Many seniors benefit from this kind of coverage because they have prescription drug costs to pay. If your medications are relatively cheap, you might not need a powerful coverage plan like this, but if you have a few medications you need to pay for each year, then you may benefit tremendously. A lot of the drug coverage plans that are included with Medicare Advantage are going to give you your prescriptions for as little as $1 apiece.
You can get even more coverage than this, though. Medicare Advantage can include cover for routine checkups. That can help to pay for the cost of visiting your orthodontist, optometrist, dentist, hearing specialist or general care practitioner for a checkup. Some Advantage plans will cover you for just one visit a year, while others will cover you for more. They can cover different kinds of services, such as dental cleanings, x-rays, medical tests, new hearing aids, new prescription glasses and more.
You can also get Advantage plans that combine all of this for you, giving you the basic Advantage plan coverage, Medicare Part D cover and checkups coverage. If you can use all that coverage, then these would be the best Medicare Advantage plans for 2020 for you. What works well for you may not be right for someone else, so look at your options, using our site to compare prices and availability. This will help you pick the most suitable plan for your needs.
The Best Insurance Provider
In order to find the best Medicare Advantage plan, you will need to enroll with a great insurance provider. Not all of the insurers out there have your best interests at heart. Not all of them offer great rates, a good customer service experience or valuable member benefits. We want to tell you about some of the better ones, and then you can decide which one might be a good option for you.
Humana – With Humana as your insurance provider, you will get competitive rates and some great member benefits. Humana offers a Silver Sneakers program that helps you stay fit and active and gives you access to gyms all across America. Humana also listens to their customers and is very responsive in their customer care.
AARP – This massive insurance provider is more than just an insurance company. They offer a wide range of senior-focused services like financial counseling, prescription drug drop-offs, gym access, medication discounts and more. Because of their large network, they are a good choice for people who want to stick with the lowest cost Advantage plans and still get well covered.
Blue Cross Blue Shield – For the lowest possible cost for Advantage coverage, you should be looking at Blue Cross. They may go by many different names, but they are always a nonprofit company that focuses on good customer care and very low, affordable pricing.
Aetna – This insurer offers seniors a range of $0 plans, which means that members pay nothing each month, but they will have to meet the annual deductible and pay other fees related to the cost of the plan besides the monthly premium. More than just a competitively priced insurer, Aetna also offers a wide array of member perks and plenty of coverage plans to choose from.
Cigna – This is another insurance provider with a great coverage area. They will cover seniors for Advantage plans all across the country with their extensive network, and for those who live outside their network, Cigna offers a few different options, like PPOs and POS plans. Cigna even operates internationally, so they can provide seniors with cover as they travel and ensure that seniors feel peace of mind about their healthcare wherever they may be.
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The Best Rates
Which one of those insurance companies has the best prices on Medicare Advantage plans? You won’t know until you source some quotes, and you can do that fastest right here on our site. We have made it very simple to search for health insurance quotes for your local area. Just use our site and the powerful search tool here to get a list of quotes back in seconds. You can then compare the different insurance companies to see where the best prices are at.
Keep in mind the other factors that differentiate the companies, such as the financial stability that they offer, their penchant for good customer care, and their various member perks. Don’t take member perks for granted, as some companies hardly offer them at all and they can be a great way to add value to the plan and to save you some money.
Seniors pay $45 on average a month for Medicare Advantage plans. You can pay far less if you do some searching, but be aware that the lower your monthly premium is, the higher your deductible is likely to be. Or, if your premium and deductible are both low, you may not be getting very much coverage. Keep that in mind and ensure that your coverage is adequate.
Medicare Advantage costs vary wildly from one state to the next. In Wisconsin, seniors pay an average of $94 a month for theirs, and then in Tennessee the average is $7 per month. The huge difference in pricing can come down to the logistics of trying to provide coverage in an area that has a sparse population and few medical facilities. In Tennessee, the population is much denser than in Wisconsin, so it makes sense that the prices for coverage would be lower, since it is easier to offer in-network plans there. Keep in mind that you only get full coverage from your insurance plan if you get treated on your insurance company’s network. Going outside the network with any Medicare Advantage plans will require you to pay at least some of the cost of care yourself.
Now that you can more about finding the best Medicare Advantage plans for 2020, you can get started looking for a decent plan. Our site is a great resource for that, giving you a search tool that makes it simple to compare prices in your area. You can also call us if you would like some professional advice, and we can save you money and point you toward a suitable insurance plan.