Why Enroll in a Medicare Advantage Plan in Boynton Beach?

Why Enroll in a Medicare Advantage Plan in Boynton Beach?

When you first enroll in Original Medicare A and B, you need to know that Original Medicare has a lot of gaps in coverage. That means, that you will have to pay extra costs when you use Medicare covered services and products. That is because, Medicare B (Medical Insurance) only covers 80% of your medical costs and there is an annual deductible you must pay each year before coverage starts. In addition, there is no “ceiling” on what your yearly costs can be. Also, Medicare Part A (Hospital Insurance) has deductibles and copays when you are hospitalized. Finally, you will likely need to add Medicare Part D, prescription drug coverage.

Your choices to Supplement your Medicare coverage:

1. Stay in Original Medicare and add a separate drug plan and/or a Medicare Supplement plan (Medigap). A Medicare Supplement plan will help cover out of pocket expenses.
2. Enroll in an “all-in-one” Medicare Advantge Plan, (Medicare Part C)

When you look at the multiple plans in your area offered by multiple insurance companies, you might feel overwhelmed by your choices. That is because the plans have the same Part A and B benefits as Original Medicare, but vary in costs and other benefits.

Why enroll in a Boynton Beach Medicare Advantage Plan:

Medicare Advantage plans have Lower Costs than Original Medicare:

1. Lower copays and coinsurance than if you were in Original Medicare plus a Medicare Supplement plan.
2. You will pay a low to “0” Monthly Premium. Most of the plans now offer a “0” monthly premium. You won’t have to pay a monthly premium for a Medicare Supplement Plan and a Medicare Drug Plan.
3. Your costs don’t increase as you get older. Everyone in the same plan, pays the same costs.
4. Annual limit on your annual Medical Costs. Each plan has an “Annual Maximum out of Pocket” limit. After you reach that amount, the plan pays 100% of other medicare costs.

It’s Easy to Enroll in a Medicare Advantage Plan:

1. Your enrollment is guaranteed. As long as you are enrolled in Medicare A and B, and live in the plan’s service area.
2. Easy to switch your plan. If you don’t like your plan, you can switch to another Medicare Advantage plan or return to Original Medicare during the next Annual Enrollment Period, or another enrollment period you qualify for.
3. Automatic renewal. Your plan will renew each year as long as you pay your premium and don’t move out of the plan’s service area. If you want to change your plan, you can.

The Plans include Extra Benefits not covered by Medicare

1. You will receive extra health benefits not covered by Original Medicare. These include some free dental, vision, hearing, gym memberships, over-the-counter wellness benefitss and more.
2. Drug coverage is included, if you enroll in a Medicare Advantage Prescription Drug Plan(MAPD) plan. A Medicare Advantage (MA) plan doesn’t include drug coverage.

Final thoughts. There may be 30-40 plus Medicare Advantage plans in the area you live in. Some of these are HMOs, and some are PPOs. There are also plans for people who also receive Medicaid and people who have Chronic Health conditions. Also, your doctors and other medical providers may not accept all the plans. Finally, if he are taking specialty medications, they may not be covered by all the plans, and your costs can vary greatly between plans. You will need to figure out which plan will work best for all your needs is very complicated. I have extensive training and experience to help you find the best plan.

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