When you are shopping for a given Medicare Advantage Plan, you will have different options to consider. There are up to five types of Medicare Advantage plans you can join. Understandably, before you join one; you will need to consider some factors. One of the factors is the costs. Different types of Medicare Advantage plans will come up with different costs related to premiums, copayments, deductible and more. The second thing to consider is the coverage. You will need to choose a Medicare advantage plan that provides the most cover. That said the following are the different types of Medicare advantage plan you can subscribe for.
Health Maintenance Organization Plans.
When you will subscribe to this type of Medicare Advantage Plan, you will get cover related to healthcare, doctors, specialists, and more. The only exception in the Health care Maintenance plan is in emergency situations. What happens is that a given network of doctors, specialists, medical facilities, hospitals, and more, will contract with a plan provider? Therefore only these providers will provide you with cover in case of emergency situations. It is important you note that most of these covers take care of prescription drug coverage. Nonetheless, you will be restricted to only doctors and healthcare providers from the list on their network.
Private Fee for Service Plan.
The second type of Medicare advantage plan is the Private Fee for service plan. The type of Medicare advantage plan is offered by private health insurance companies Even so, it is important to note that this cover is not the same as the Original Medicare cover. One of the pro that comes with this cover is that you can choose out of a network doctor service. It therefore means that you will be able to get cover from doctors registered on their networks and outside their networks. Even so, you are not guaranteed that the Medicare Plan D will be covered in the Private Fee for service Medicare advantage plan. Therefore, to be on the safer side, you will need to take the Medicare part D separately.
Special Needs Medicare Advantage Plan.
The third type of Medicare advantage plan is the Special Needs Plan. Just as the name suggests this type of plan provides covers for people with special needs. The good news is that the type of plan covers all needs that the Medicare Advantage Plan covers. It also gets better as you can tailor it to meet the specific needs not offered by many other Medicare Advantage plans. People who have severe hematologic disorders, dementia, chronic heart failure, cancer, stroke, and more will qualify for this cover.
In conclusion, you will find different types of Medicare Advantage plans to subscribe to as discussed in the article. Even so, it is important to conduct a research before joining a given Medicare advantage plan. You should make sure that you will be able to get the maximum benefit out of it.