List of Medicare Advantage Plans 2020
Advantage plans are so diverse that most seniors can find one that fits their needs no matter what their health is like. We want to share with you a list of Medicare Advantage plans for 2020 that may be able to help you better understand your choices and narrow down your selection to the plan that is perfect for you. The more you know about these plans and what they can do for you, the better your chances are that you will find a plan that fits you well.
Medicare Advantage’s Basic Plan
We want to start by telling you about the standard base plan. This is important, because all of the other Medicare Advantage plans share this same coverage. The other plans may add onto that coverage, but they all have to include at least this base coverage in what they offer.
That base coverage will take care of various inpatient and outpatient expenses for you that are covered under Medicare parts A and B. The base plan also covers you for any emergency medical services you need, such as ambulance care and ER treatment. Also covered is anything considered to be urgently needed care, which can include medications, surgery, medical tests and more. All in all, the base coverage is a pretty exhaustive package of medical coverage, and it does more than many other medical insurance plans, but you can definitely find Advantage plans that do more for you than this base plan.
The Medicare Part D Advantage Plan
It is pretty easy to find Medicare Advantage plans that include Part D coverage. They may be listed as Medicare Part D plans, but they could also go by other names as well. They will typically include cover for all the base items for Medicare Advantage, plus a full Medicare Part D drug plan. This drug plan covers prescription drugs like generic and name brand medications. It covers them in tiers, so some drugs are covered almost entirely and others are only covered a bit. Each insurance company offers its own version of Medicare Part D, covering drugs slightly differently from one another.
Other Coverage Plans
There are a number of other types of Medicare Advantage plans that cover you in various ways. Some of them will add coverage for hearing and vision expenses, such as for your checkups or for a new set of corrective lenses or a hearing aid. Some of them add all that coverage to the base plan, plus add in Part D coverage, making them comprehensive Medicare Advantage plans.
Each insurance company has their own lineup of Advantage plans, and you will want to look through their choices to find the plan that fits you best. If you need help comparing the plans, then you can use our site to get a list of Medicare Advantage plans for 2020 and prices to go along with them. It’s really easy to use our site to find out the rates and compare them to find the best deal on coverage.
Your Different Network Options
Medicare Advantage plans are unique among Medicare plans in that they are restricted by their insurer’s network coverage. This means in practice that you will only get full coverage from your plan if you go for medical treatment at a medical facility that is part of your insurer’s network. Going off the network means you get partial coverage or no coverage.
In order to get partial coverage with your Medicare Advantage plan outside of the network, you will need to sign up for what is known as a PPO Medicare Advantage plan. This is like a slightly more expensive version of Medicare Advantage, covering the same medical expenses, but providing you with coverage beyond the network. PPO plans also provide you with full coverage for any treatment received on your insurer’s network.
Each insurer has a different network, which is made up of all the medical facilities where their plans have been accepted and will be honored. If you live near a network medical facility for your insurer, then you can probably go with the cheaper and simpler HMO Medicare Advantage plan. This will give you coverage only within the network. Going outside the network for medical care with an HMO plan will result in no coverage being provided. That means that you need to pay for the medical care in full. The only exception to this is when you are taken to a medical care facility off the network for emergency treatment and you don’t have a better on-network option. You will receive some coverage in that instance.
Choosing the Right Plan
As you look at the different options for Medicare Advantage, you need to consider how they will affect you and how they will meet your needs. Not every plan will be a good choice for you, and you want to be careful about which one you sign up for. It can be difficult to change your plan once you have signed up for it. You can usually only change, upgrade, cancel or renew your plan during the Open Enrollment period. This occurs every year at the same time- October 15th through December 7th.
One of the best ways to compare the plans and to see if one might work better for you than another is to first look at your own healthcare needs. See what you are paying for right now to have covered and what you are paying or out of pocket. Compare that to the cost of these Medicare Advantage plans and the coverage they offer. You can use our site to determine if it would be cheaper to sign up for a Medicare Advantage plan or if you are better off just keeping your current coverage. If you need any help trying to sort through your options or figure out what kind of plans are available to you, then feel free to get in touch with us. Our team can help you to make the right choice.
We hope this list of Medicare Advantage plans for 2020 is helpful to you. We want you to be able to choose a health insurance plan that you can feel good about and that gives you peace of mind. It’s definitely possible to be well covered by one of these plans and to be able to afford that coverage, since so many of them are priced competitively and reasonably, so we urge you to check the prices here on our site, if you think that Medicare Advantage might be right for you.
Compare 2020 Medicare Advantage Plans