Medicare Advantage Plans are types of Medicare insurance that are offered by private insurance companies to provide all of your Part A and B insurance benefits for residents in Florida. It is also famously known as Medicare Part C. Just like any other Medicare product; it is accessible by people who are 65 years and above. This plan is designed to help you save money and reduce your out-of-pocket expenditure. At this segment, we will go through the Medicare Advantage Plans Florida offers to its senior citizens.
Medicare partners with private institutions to deliver Medicare Advantage Plan. However, to get this service, you will have to apply directly to the service provider. Apart from saving you money and ensuring that you are accessing quality services, there are other advantages to using an Advantage Plan. These are:
- It offers many benefits as compared to Original Medicare: It provides a combination of the benefits found in Part A and Part B as well as other various perks that are not found in those original packages. Such benefits include vision care in terms of getting glasses, hearing aids, dental care, transcription drugs, and a fitness center for members.
- In terms of cost: there are considerable low premiums as determined by your preferred provider. If you have Original Medicare, you may have to purchase other plans, including a supplement to get all the benefits; however, in an Advantage plan, you only need to get one plan.
- An Advantage plan can act as a one-stop policy for all your health needs. In one advantage policy, you can incorporate all services such as hearing care, vision, dental, as well as your regular medical needs and prescription drugs. You also get to deal with one administrator.
- The beauty of using a health provider network is that you can get to coordinate your care. Thus, ensuring that you are receiving the best and consistent attention.
Due to their nature, they can interfere or even overlap with any other insurance that you may have. This means that you should have another active medical insurance at the same time with it. You need not worry as Medicare guarantees that Advantage Plan covers all the basic benefits in addition to the extra benefits. To get these benefits, it is advisable to apply three months before turning 65 years old or three months after. You can go through a waiting period after missing that period. While considering to purchase an Advantage Plan in Florida, it is good to get informed of the various type of this service. These are:
- Health Maintenance Organization (HMO) Plans: It is strict in that you must receiving all your care from health providers that are within the network. However, some exemptions are in cases of emergency care, when you need Out-of-area urgent care and out-of-area dialysis.
- Private Fee-for-Service (PFFS) Plans: This controls how much it will pay hospitals, other health care providers, doctors, including the amount that you should pay when you receive care.
- Preferred Provider Organization (PPO): They have in-network, care providers, hospitals, and doctors. You pay more if you use services outside of the network; however, the cost is reduced within the network.
- Special Needs Plans (SNP): This is offered to people who have special needs, characteristics, or are disabled.