List of Medicare Advantage Plans 2020
Medicare Advantage has plenty of options making it overwhelming for some seniors. Thus, our goal here is to give you a list of Medicare Advantage plans for 2020. In this way, you can quickly browse the options available and help you make an informed decision before signing up to any of these policies. You must know all your options to help you choose a plan that is suitable for your medical care needs and budget. The more you know about the available choices, the more likely you can find a plan that helps you save money.
Medicare Advantage Explained
Medicare Advantage is a health insurance policy designed by Medicare. But it is sold by private insurers. Hence, insurance companies selling it can choose how much they can charge their clients for an MA plan.
When you obtain an Advantage plan, it replaces your Original Medicare plan. That’s why you need to have an active Original Medicare to be eligible for an MA plan. Furthermore, you need to be 65 years old or have a disability to qualify for it at a younger age.
Plus, you must live in an area within the insurer’s coverage area. You cannot sign up for a plan from an insurer unless you reside in an area where it has its own network of healthcare facilities.
Moreover, you cannot sign up for an MA plan if you have a current health insurance policy. The reason for this is that your other health insurance policy may cause duplicate coverage. To find out if your current plan is compatible with the MA plan, please get in touch with us.
What are the Plans Available for Medicare Advantage
Original or Basic Medicare Advantage
It is a plan designed by Medicare. An insurer must include all the basic coverage options under Original Medicare. No matter where you purchase the plan, an insurer is required to include the base coverage.
These base coverage items would include Medicare Part A, but not hospice care. It also handles Medicare Part B and emergency healthcare services, such as ambulance care and emergency treatment. It also handles medical treatment that is considered by your doctor as urgently needed, such as medical tests, diagnosis, surgery, and medications, among others.
Medicare Advantage Part D
It is a type of Advantage plan that contains the basic coverage, plus the Medicare Part D. It is ideal if you take a lot of prescription drugs. It is compatible with the Medicare Advantage plan.
However, if you have a Part D policy from another provider or an individual Part D plan, then you need to get rid of it to obtain an MA with part D. Medicare simply does not allow duplicate coverage.
MA with Checkup
The majority of the Medicare Advantage plans include coverage for your yearly check up costs. It can handle vision, general wellness, and routine checkups that can happen throughout the year.
This kind of policy can have different titles. Our list of Medicare Advantage plans for 2020 will only include the generic names. But the insurers will have its own names for every plan they offer. Thus, you must know about the kind of coverage you are getting from the policy you wish to sign up for.
Some Medicare Advantage plans can also contain checkup coverage that includes some prescription items, like hearing aids and prescription glasses. You can also find Medicare plans that combine various coverage items that we have provided.
But all of them have the same base coverage. However, some of them will have Part D coverage that comes with annual checkup coverage. The insurers selling those policies can choose what MA plans they can offer, provided that each plan will come with basic protection as required by Medicare.
There are Medicare Advantage plans that offer coverage depending on where you obtain the treatment. You may find plans with network designations. In this list, we will talk about them to further assist you in picking the right plan.
Health Maintenance Organizations (HMOs)
Any Medicare Advantage plans with HMO in their titles will only offer protection when you undergo treatment on the network. They are cheaper plans but with standard network coverage. But they cannot offer coverage if you choose to get treated outside of the network.
However, there is an exception to this rule. If you are in an emergency and you need to get treated in an off-network facility, then your HMO plan may provide some coverage.
Preferred Provider Organization (PPOs)
Compared to HMOs, they are more expensive. Plans with PPO designation will cover you better. While you stay on the network, you will get full coverage. But if you get treated outside the network, you will still get partial coverage. It is helpful if you live in a rural area or a place where there is little to no network coverage.
These are the major Medicare Advantage plans that you can find. If you are not sure which is the better option for you, then please get in touch with us. Our health insurance experts will help you figure out which plan is the most suitable for you.
We can also source quotes for you so that you can compare prices on the plans without having to visit one insurer’s site to another. It can be a time-consuming task. But when you use our free tool, you just need to enter your zip code and the plan you want to have. Wait for a few seconds and we will present you with a list of rates for that particular plan.
Comparing plans is ideal to help you find a policy that fits your budget and medical care needs. It lets you find a plan that can help you save money throughout the year.
This list of Medicare Advantage plans for 2020 is only basic. However, it should provide you the information that you need to help you get started and determine whether Medicare Advantage is right for your case. Use our website to find that perfect deal.
Compare Medicare Advantage for 2020