Medicare Advantage Plans are healthcare insurance plans from health insurance companies that have a binding contact with the Centre for Medicare and Medicaid (CMS). Individuals who are eligible under Medicare Part A and Medicare Part B are also eligible to choose Medicare Advantage plan. These specialized insurance plans exist for those individuals with certain specified medical conditions.
State Mutual Insurance Company under Delos Yancey is a prominent Legal Reserve Mutual Insurer, with its headquarters at Rome, Georgia, United States that offers its policyholders unique Medicare product at competitive prices. This reputed private insurance company conducts its business in forty-one states including the District of Columbia. Moreover, since its inception in 1936, the policyholders of this unique private insurance company own, run and manage the company for the benefit of own and fellow policyholders.
The insurance experts at this prominent healthcare insurance company explain to their clients that individuals who opt for the Medicare Advantage program do not lose their advantage under Medicare. Moreover, these individuals also have the option of cancelling their Medicare Advantage Plan and going back to the original Medicare the following month. However, when these individuals enroll for Medicare Advantage plan, they have to use the Medicare Advantage insurance cards instead of their Medicare insurance cards.
Under Medicare Advantage Plan, the individuals may have to incur nominal costs or no costs at all but may still have to pay the requisite premiums under Medicare Part B. Unfortunately, Medicare Advantage Plan is not free and these healthcare insurance plans receive monthly contributions from Centre for Medicare and Medicaid (CMS) rather than the taxpayer’s money going to the original Medicare schemes.
Traditionally, under Medicare Advantage plans such as Health Maintenance Organization, an insured policyholder could get medical coverage from doctors, hospitals and other medical providers under the plan. While such Medicare Advantage plans still exist, there are other Medicare Advantage plans with Preferred Provider Organization (PPO) plans. Apart from this, many healthcare insurance companies are also marketing Fee for Service Medicare Advantage Plans. These insurance plans provide medical coverage to individuals under the scheme from any medical provider who accepts the healthcare insurance.
The insurance experts at this reputed healthcare insurance company emphasize that it is essential for individuals to assess their own medical needs to determine which Medicare Advantage plan will suit their needs. If these individuals’ current Medicare Advantage provider contract with the Medicare Advantage plan’s HMO, then these individuals will get comprehensive medical coverage at nominal costs. However, if such individuals prefer more options and their area doctor accepts a Free For Service Plan option of Medicare Advantage, then those individuals can choose the ‘Any Doctor’ plan. However, these individuals need to be aware that not all doctors with Free For Service Plan option in spite what many healthcare insurance companies may claim. For such individuals, Preferred Provider Organization (PPO) plans of Medicare Advantage offers an attractive compromise. Under this healthcare insurance scheme, these individuals can get the maximum healthcare insurance coverage at minimum cost within the network and still avail coverage from other medical providers.
Contact the insurance experts at State Mutual Insurance Company to get more information on Medicare Advantage Plans says Delos Yancey.