Advantage plans can have some advantages over other Medicare plans and medical care policies. However, they are not perfect. In this post, let us talk about some of the disadvantages of Medicare Advantage plans for 2020. By knowing them, you can easily determine whether or not Medicare Advantage or Medicare Part C is an ideal healthcare plan for you. 

Expensive 

Medicare Advantage plans aim to lower your overall healthcare cost. However, some MA plans can be expensive. You also have to handle the premiums and pay them every month.

Plus, there are deductibles that you must take care of before your coverage starts. They can all add up to the overall cost. The monthly premium of MA is on top of the premium that you need to pay for the Original Medicare.

You can find a plan with free premium. Finding it will give you lower monthly cost. However, you will have to deal with the higher deductibles.

To see the rates of the plans for the coming year, please use our website. We will provide you a list of quotes that you can utilize to determine the best price. Some of the MA plans are expensive; others are affordable. 

Since Medicare does not set the price for the MA plans, rather the insurers establish their own rates, the overall cost of the MA plan will depend on how much the insurer will charge you for. Plus, it varies on where you live and the inflation cost. Remember that insurers change their rates frequently, make sure to check back on our site for the updated prices before you register.

However, there are some cases where Medicare Advantage offers the cheapest option for seniors. Keep in mind that Medicare Advantage plan can replace Medicare Supplements, Original Medicare and Medicare Part D. MA plans can replace them all so you can have fewer premiums to pay with a consolidated healthcare insurance. 

Limited Coverage and Eligibility 

With Medicare Advantage, you can only receive full coverage if you go to a network’s facility accepting your plan. It can be restrictive because not all people live within the networks coverage area. 

Furthermore, seniors have a hard time signing up for it as one of the most important requirements to obtain MA plan is to be at least 65 years old. Then, you must be a US citizen or have been living in the US for five consecutive years. 

You should also have an Active Medicare and live in the network area of the insurer. These are requirements that can cause some seniors to have no option to sign up for MA. 

Incompatibility with Other Coverage 

Medicare Advantage plans for 2020 are powerful coverage that make them incompatible with some health insurance plans. They work with Original Medicare but they only serve as a replacement not as a complementary plan. 

Some MA plans can also work with Medicare Part D. But only if you have an MA plan without Plan D included. You cannot sign up for an MA plan with Part D if you have a standalone Part D already. The two Part D plans could cause conflict with your coverage as they are similar. You must drop either Part D or opt for an Advantage plan without Part D. 

The major conflict starts when you obtain an MA plan and you have health insurance coverage from your union or employer. Or you have Medicare Supplements (Medigap). Medicare Advantage does not work with these plans because they overlap in their coverage. You need to decide which one to keep. 

Medicare Part C

Although there are disadvantage in obtaining Medicare Advantage plans, there are advantages associated with it. For example, MA plans are high coverage policies that can assist seniors in saving a lot of money throughout the year. They can handle urgently needed medical care, Medicare Parts A and B, as well as emergency services.

They may also cover Medicare Part D and some yearly checkups. Furthermore, MA plans are available in most areas of the US. And even if you cannot locate a network coverage in your area, you can find other options that allow you use Medicare Advantage coverage. 

For example, you can obtain PPO Advantage plans where you can use them anywhere. They cover you partially when you get treated outside the network areas. But for a cheaper plan, insurance providers sell HMO versions. 

Medicare Advantage is indeed a powerful coverage. It may have some cons. Remember that all health insurance policies, no matter what their type is, have pros and cons. 

After considering those disadvantages of Medicare Advantage Plans for 2020, you can better decide which healthcare plan is perfect for you. Most seniors can benefit from these plans because of their powerful protection. If you are not sure whether to register for this plan or not, please give us a call. Our team of health insurance experts will guide you in picking the right plan and understanding all your options. Come back to our site often to learn about the changes to the Advantage plan you pick so you can keep updated on the rates as they change.