Medicare vs Medicare Advantage 2020
To know the medical insurance plans that are ideal for your situation, you must examine them. In this post, we will compare two unique Medicare plans to help you make a better, more informed decision. As you compare Original Medicare vs Medicare Advantage 2020, you can easily determine which one will offer you more benefit and coverage. It will also show you what the plans are and how they differ from one another.
These two plans will cover you for different medical expenses. But they can handle some of the same medical care costs and services. Unfortunately, because of some similarities, you need to compare them all to tell the difference and help you find the better fit.
When you talk of Medicare Advantage, you are defining a more powerful Original Medicare plan. It can handle what the Original Medicare can do but it adds more coverage.
Generally, Initial Medicare covers for your Medicare Parts A and B. These are major packages that can include more of your hospital and doctor services. Part A includes inpatient care, like hospital costs and long-term hospital stays. Part B, on the other hand, will include costs of hospital and doctor visits, as well as outpatient services.
These two parts of Medicare are in one package — Original Medicare. This package also covers you for rehab care, hospital stays, nursing services, hospice care, x-rays, and a lot more.
But Medicare Advantage plan can do more than that. It includes all expenses covered by Original Medicare, but not hospice services. Apart from the basic Medicare coverage, an MA policy also handles the cost of residual emergency medical services and urgently needed healthcare.
Some MA plans will pay for your hearing and routine vision costs. These would include but not limited to new prescription glasses and hearing aids. You can also find a powerful plan that comes with Medicare Part D.
You can only find one Original Medicare plan. But there are various types of Medicare Advantage plans. You can only buy Original Medicare directly from the Medicare organization. However, private insurers sell Advantage plans.
To qualify for Original Medicare, you must be 65 years old. You may qualify for early Medicare application if you have a certain form of disability or serious medical condition.
Apart from the age requirement, you must also have an active Medicare plan before you can obtain a Medicare Advantage plan. Furthermore, you need to live in the network coverage of the carrier you wish to sign up for.
Then, you must have no conflicting plans. That is, must not have a healthcare plan with similar coverage as Medicare Advantage policy.
To properly compare Medicare vs Medicare Advantage 2020, you must know how each plan is accepted or honored by healthcare providers. Keep in mind that not all hospitals, doctors and other healthcare facilities accept these plans.
Medicare plans are honored at the majority of medical facilities. But some do not accept them. It is also the same with Medicare Advantage. Some network facilities do not accept your specific MA plan. In this case, if the hospital, doctor’s office or other medical care facilities do not honor your plan, then they are not part of your carrier’s network.
Some options will help you be partially covered when receiving treatment outside of your carrier’s network. One of these options is PPO. It offers full coverage if you get treated on the network but you will only receive partial coverage if you go off the network. However, a PPO plan costs more than the standard MA plan.
These two plans have different rates. The price will help you determine whether or not such plan is ideal for your case. You may wish to obtain one of the plans but the price may be too high for you.
For that reason, we recommend that you use our site to know the local rates for the plans you wish to have. We will provide you a list of plans and their rates so you can compare them yourself. It is faster this way as you can get the rates from various insurers.
There is no obligation to using our tool. It is free to use. Despite that, you can get updated pricing information that you need.
As for the pricing of Medicare, most seniors do not need to pay for monthly premium on Part A. However, the average cost of Part B is $135. Some plans could be higher. You also have to pay deductibles on both Parts A and B. Part A deductible can go around $1,364 while Part B costs around $185 a year.
Part A monthly premium can be as high as $437. But some people do not pay the full premium, while others do not have any monthly premium at all.
As for the rates of Medicare Advantage plans, the insurance providers decide for them. The rates can vary depending on the state where you live and the coverage you wish to include. The average plan will cost around $64 a month. You can pay more than $300 for this plan if you choose higher coverage. However, you may also pick plans with $0 premiums.
You must remember, though, that the lower the premium, the higher the deductible you need to pay before your coverage starts. Thus, keep that in mind when you study the options of MA plans.
Check and compare Medicare vs Medicare Advantage 2020 before you decide which plan to sign up for. You need to figure out which plan is more affordable and which policy will give you better coverage. For further assistance, you may get in touch with our team.
Compare 2020 Medicare Advantage Plans