What is the difference between Original Medicare and Medicare Advantage?
How to choose a
Medicare Advantage Plan
As you can see, you have options when selecting a Medicare Advantage plan but how do you know it’s the right plan for you? Choosing a Medicare Advantage plan is personal as your plan selection should be based on your healthcare needs.
Here are just a few questions that will help you get started on selecting a plan.
- Do you want to keep attending a specific healthcare provider? This important due to if your provider is in or out-of-network can affect your price for service.
- What types of insurance is accepted at your preferred hospital?
- Do you frequently travel out of your coverage area, or do you spend significant time at a second home? This is important as your Medicare Advantage plan may offer travel coverage or you may need a different type of plan all together. We will review this option in a different section.
- Do you have savings or another source of funding in the event of significant medical bills? Having money saved for healthcare expenses can be helpful for the unexpected.
- Are all your medications covered?
Common types of Medicare Advantage Plans induce
- HMO’s or Health Maintenance Organization Pans
- PPO’s or Preferred Provider Organization Plans
- PFFS or Private Fee-For-Service Plans
- SNP’s or Special Needs Plans
- HMOPOS or HMO Point of Service Plans
- MMSA or Medical Savings Account
Choosing a Medicare Advantage plan requires research, time, and expertise. Working with one of our licensed insurance professional to research all the options available to you, as well as address concerns specific to your situation, is still the best way to locate a Medicare policy that suits your needs and budget.
