Private insurance companies will administer Medicare Part C 2020, also known by the name Medicare Advantage. This kind of health insurance is able to cover a wide range of healthcare expenses for you, and it may be exactly what you need to keep your healthcare affordable as health insurance and medical care prices increase year over year.
We want to talk to you for a bit about Medicare Advantage and what it can do for you. It’s possible that this plan will greatly reduce your medical expenses and save you hundreds of dollars a year on your care. Imagine having your out-of-pocket medical expenses almost entirely taken care of by a single insurance plan. You wouldn’t need multiple plans to cover everything and can simply consolidate all your expenses under one plan for a more convenient setup.
This is why a lot of seniors choose Medicare Advantage. It simplifies things for them and makes it easier to keep track of their expenses. A single plan like Medicare Advantage could replace multiple medical insurance plans, and therefore reduce your overall expenses. Fewer premiums mean less out of your pocket, and fewer deductibles mean that more of your medical expenses will be covered by your insurance plan.
Part C Coverage
Which of your potential medical expenses will be covered by Medicare Part C? Let’s break down the list of possible coverage items:
Emergency Medical Care- Part of the base Part C coverage, this covers all sorts of necessary medial expenses and services, such as ER visits and ambulance care
Urgently Needed Care- An item of Part C coverage, this will take care of any medical service not covered by the other items on this list, so long as that medical service is considered to be urgently needed by your healthcare provider
Medicare Part A- Also included in the base coverage, Part A will cover the cost of many inpatient expenses, such as hospice care, nursing care, hospital stays and more
Medicare Part B- Also included in the base coverage is Part B, which is going to cover the cost of many outpatient expenses, such as some medications, medical tests, therapy and more
Medicare Part D- An optional item of coverage, this takes care of many prescription drug costs for you
Checkup Coverage- Another optional coverage item, this will cover annual checkups for general wellness, hearing and vision
Durable Prescription Items- This optional item of coverage takes care of prescription eyeglasses and hearing aids
The Cost of Part C
If you were to sign up for a Medicare Part C plan, then you would have to pay a monthly premium and a deductible. The premium could be free, in some cases, leaving you nothing to pay each month, but if that is the case, then you can be sure that the insurance provider selling you the plan will charge you a much higher deductible.
The premiums range from that $0 price tag all the way up to a few hundred dollars, but most of them are around $40 a month. The deductible is what you pay before the planned coverage kicks in. This deductible is usually around $150-$200, but it can be as high as a few thousand dollars, depending on where you live and what kind of premium you are paying.
To find out the cost of Medicare Part C 2020, you can use our website and see what the current rates are from multiple insurance companies. You can easily see a number of quotes and get a good idea of how they all compare. This will help you to make a wise decision and keep you from overpaying for your coverage. While the coverage provided by a Medicare Part C plan can be substantial, that does not mean that you need to pay a whole lot for it. Many seniors save a bunch of money each year with one of these plans.
How You Can Get Part C
We’ve told you a bit about Medicare Part C, and you might be thinking now about whether it’s a good coverage plan for you. If you are interested in signing up for Medicare Part C, then you need to do so at the correct time. That time would be Open Enrollment, and this comes around once every year, beginning October 15th. From there, it runs clear until December 7th, and you have that entire time to apply for the Medicare Part C plan of your choice.
You can sign up any time after you turn 65 and are eligible for Medicare. If you qualify for Medicare earlier, then you can apply for Part C earlier as well. This plan will last for a full year, and its coverage will begin on January 1st.
Medicare Part C is only compatible with certain medical insurance plans. It will never work with Medicare Supplements and will generally be incompatible with healthcare plans that are provided by your employer or your union. You can get a Part C plan to function alongside your Original Medicare plan, though, the Part C plan will essentially replace it. You can also have a Part D plan at the same time, so long as there is no Part D coverage included in the Part C plan you want to get.
If you are unsure of what kind of plans will be compatible with Part C and if your current coverage conflicts with it, then please give us a call. Our healthcare insurance experts are able to assist you and help you find the right kind of plan for your needs. They will answer your questions and get you started toward choosing the best plan for your situation.
Healthcare coverage doesn’t have to be expensive. With Medicare Part C 2020, you can find affordable, relevant coverage that makes you feel peace of mind about your healthcare. Start here with our price comparison tool and see what the best rates are for your area. That will empower you to make a good choice that saves you money.
Compare Medicare Advantage for 2020