So, first of all, we have to understand what Medicare Advantage Plan comprises of or how this plan will help the individual?
So, when you combine Medicare Part A and Medicare Part B you get Medicare Part C. This Part C is known as Medicare Advantage Plan. There is a very good reason why it is called Medicare Advantage Plan. This is because Medicare Advantage Plan help with Hospital cost, Doctors’ visit and other Medical services that you will get with Original Medicare. There’s more. They can also cover prescribed drug coverage as well as coverage for vision and hearing and can even cover gym and health club membership.
Eligibility criteria for Medicare Advantage plans
All the services of the Medicare Advantage plans for 2019 come in just a single plan with only one Plan ID Card. The Medicare Advantage Plans are run by Private Insurance companies.
Now before getting eligible for your Medicare Advantage plans for 2019, you have to meet certain criteria and also have to pay you monthly, quarterly or yearly Part B premium. Premiums are some small amounts that are to be paid to the insurer till the plan matures or according to each insurers policy.
Facts to know before indulging in Medicare Advantage plans
Most of the Medicare Advantage Plan comes with an annual Deductible in order to help you keep your monthly premium down. You pay a Co-pay or a Coinsurance for only the services you use and not for the ones you don’t.
According to your need, applying for the right Medicare Advantage plans for 2019 can help you keep your cost of health benefits down. For example, in some Medicare Advantage Plan, you have to choose a doctor who is on the Plan’s network. Another Medicare Advantage Plan may offer you with more choices and doctors by letting you get services out of the network. But in that case, the payments may be a bit more..
Medigap Plans provide more coverage to pay the gaps of Medicare Part A and B.
All Medicare Advantage Plans are the same, but the availability of the services varies from region to region (applies to all states and county of the USA and worldwide). So before applying for a Medicare Advantage Plan for 2019 make sure to know all the available services in your respective area.
One can surely apply for Medicare Advantage plans for 2019 when they hit the age of 65 or once a year during the Annual Enrollment period.
So these are pretty much the basics of Medicare Advantage Plan before applying for one before the start of 2019. Also, any more questions related to Medicare Advantage Plan can be checked in Medicare’s original website- medicare.gov