The federal government is set to spend $722 billion on Medicare in 2021.
This program provides much-needed care to some of the most vulnerable people in our society. However, if you’re in a position to benefit from Medicare, you should know that there may be a better option.
Medicare Advantage plans are private insurance products that offer the benefits of Medicare along with other features.
Read on as we look at Medicare Advantage plans for 2020 and why they might be a good option for you.
What You Need to Know About Medicare Advantage Plans for 2020
So, how do Medicare Advantage plans work? To fully understand the answer to this question, we must first look at how Medicare itself works.
Medicare pays for many of the medical care requirements of those over 65. People with certain disabilities may also qualify for Medicare.
Coverage comes in four different categories; Part A, Part B, Part C, and Part D. Each part covers different aspects of your healthcare.
However, there are limits on what they cover. For example, prescription drugs that do not fall under the remit of Medicare Part D might only be available to you under a Medicare Advantage plan.
Simply put, Medicare Advantage plans are a means of accessing the cover of Medicare through a private insurance company like ours. As well as the basic care you enjoy through Medicare, you’ll get extra benefits as well. The extras you pay for will depend on your specific needs.
Medicare has to approve any private Medicare Advantage plan. This means that you can be sure you’re getting an insurance product that represents value for money.
A Medicare Advantage takes over coverage of everything that ordinary Medicare covers. The only exception to this is hospice care, which will still come under the coverage of Medicare Part A.
Should You Take Out a Medicare Advantage Plan?
There are many different situations in which taking out a Medicare Advantage plan might be beneficial.
For some people, a Medicare Advantage plan might actually cost less than traditional Medicare. This could be due to more favorable cost-sharing arrangements or low deductibles in some areas of care.
For others, the cover that basic Medicare offers simply doesn’t cut it. Many feel that the extras in a Medicare Advantage plan are necessary for true peace of mind.
While you may have been able to cut corners in terms of your healthcare in the past, now is not the time to be budgeting on your insurance. The COVID-19 pandemic has made comprehensive cover a must, even if it does cost a few extra dollars.
Getting the Right Care Solution at This Time
There has never been a more important time to be sure that your health is looked after. The COVID-19 pandemic has the potential to affect all of us, especially older members of the community.
That’s why you’re better off investing in Medicare Advantage plans for 2020 than for any previous year.
To learn more about how a Medicare Advantage plan might be of benefit to you, contact us today.
Just Us Insurance / Medicare Made Easy / 760-822-3385 /
Located in San Marcos, CA. and contracted in over 15 states!
