AARP Medicare Advantage Plans 2020
Seniors with Medicare and Original insurance plan might not be fully covered for their medical expenditures. That’s why we highly suggest evaluating their options to find the most suitable plan that covers most of the out-of-pocket expenses. Seniors who might require extra coverage should consider AARP Medicare Advantage plans for 2020.
Supported by AARP’s excellent reputation, these robust plans can pay for the majority of medical expenses.
What is AARP Medicare Advantage
AARP has been offering its healthcare plans to retirees and seniors in the US for decades now. They offer not just financial advice but also assisted care, healthy living services, and insurance in various forms.
Through its expertise in handling seniors and their needs makes them an ideal option for those who wish to register for a Medicare plan.
Although AARP cannot design their Medicare Advantage plans, they can make some changes where they see fit. They can also set their rates for the plans.
This insurer has excellent customer support, making its plans worth it. Those who have insurance from AARP could attest how beneficial it is to be a member.
What is Medicare Advantage?
Signing for Medicare Advantage means that you are replacing your Original Medicare. However, it still includes the original Medicare Parts A and B. Plus, it offers emergency services and urgency needed medical care. But the benefits do not stop there.
AARP and other companies can decide whether to add Medicare Part D coverage or not. This type of coverage will pay for your prescription drug. The coverage will depend on the plan.
When you compare AARP’s Part D plan, you will find that it is different from other providers. In that case, you need to be careful in choosing a part D plan that suits you best.
Advantage plans can also pay for your checkup costs, like vision, hearing and general wellness services. The plan may also cover hearing aid and prescription glasses.
However, this powerful plan may overlap other health insurance plans. When it does, you need to get rid of the other. For instance, if you have a policy that includes Part D, you cannot purchase Part D on its own. You need to get rid of one.
In that case, Advantage plans are not compatible with Medicare Supplements. They cannot work with employer or union medical coverage plans. You should drop one. But before you cancel the other, make sure that you know how the plans overlap.
AARP Medicare Complete
It is simple to sign up for Medicare’s Original Plan. You need to be at least 65 years before you can apply. But there are some exceptions.
Younger individuals can have an MA plan if they have a form of disability or end-stage renal disease. Talk to an insurance agent if you can qualify for MA based on your health status.
If you are qualified, you can apply with AARP or other insurers that offer the plan that you wish to obtain. You can only sign up for this plan during the Open Enrollment period. It runs from October 15 to December 7.
During this period, you are allowed to apply for any Advantage plan you wish from any provider. You are also guaranteed to obtain the best rate and coverage.
On the other hand, if you wish to switch plans, you can do so. However, you need to wait for your current plan’s term to end before the new plan goes into effect. You can disenroll the new plan anywhere from January 1 to February 14.
Do You Need Medicare Advantage Plan
Medicare Advantage plan is a robust policy. Not all seniors need more coverage. You may not need an MA plan as the Supplement plan will suffice. The latter covers the same expenses as an MA plan but it is a lot cheaper.
If Part D Medicare is what you need, then you can sign up for it separately. Before you pick an Advantage plan, make sure that you evaluate all your options.
MA plans can cover a lot of expenses but they are quite costly. Thus, make sure that you need the coverage that they offer before you sign up. Keep in mind that once approved, you need to pay monthly payments until your term expired.
You should evaluate your expenses and budget to find out if the Advantage plan is suitable for your situation. Even if you need the coverage of the MA plan, you might not be able to pay for it.
That’s why you need to consider all your options and choose the plan that you can afford and that it covers most of your medical care expenses.
With the various AARP Medicare Advantage Plans for 2020, one of them could be the best choice for you. However, you should only decide after you have fully examined your own medical care needs and finances. Choose only the plan that you can afford and a policy that can help you save money.