Medicare Vs Medicare Advantage Plans in Royersford and Phoenixville, PA

Posted by kellyins on April 10th, 2022

Almost all senior citizens and people on the verge of retirement are worried about being able to afford the required medical expenses in times of need. The Federal Government has formulated the original Medicare Plans with such citizens in mind. The extent of coverage is varied, but individuals 65 and above are considered to be eligible for obtaining the assistance. Sure, this is convenient, but many also prefer to go with the Medicare Advantage plans in Royersford and Phoenixville, PA, instead of opting for the original Medicare.

This plan is distinct from Medicare and is provided by private insurance carriers usually. A single individual cannot hope to be enrolled for both simultaneously. It is interesting to know that Medicare Advantage includes bundling of Medicare plan A and Medicare Plan B along with Plan D, which covers prescription drugs. It is essential to know that Medicare Advantage is frequently referred to as Medicare Plan C too.

There are diverse types of plans available for people using Medicare Advantage. One has to be familiar with the following terms to obtain the right coverage so that no healthcare costs are left out.

Health Maintenance Organization (HMO) – This refers to the health care services included in the network encompassing a particular geographical area.

Preferred Provider Organization (PPO)- The plan included here lists service providers that charge different rates for specific healthcare services. However, providers outside the network may offer their services at cost. There are more options available to the end-user in comparison to HMO.

Private Fee-for-Service (PFFS)- One can visit any provider approved by Medicare to get the right service. The fee structure Okayed by Medicare for the service has to be accepted by the concerned provider, however.

Special Needs Plans (SNPs)- People diagnosed with chronic health conditions can use these plans to afford expensive treatment and procedures.

Medicare Savings Account (MSA)- Healthcare costs are combined to limit care with high deductibles. A medical savings account is provided to save for future healthcare costs.

Extent of Coverage

Many individuals are pleased to opt for Medicare Advantage instead of the original Medicare as it provides more extensive coverage. Some of the most notable features of Medicare Plan C include the following:

1.  The original Medicare Plans A and Plan B are covered by Medicare Advantage regardless of specific chosen plans.

1.  The user can choose additional coverage over and above the original Medicare coverage. The options include:

•  Medicare Plan D (prescription drug coverage)
•  Dental coverage
•  Vision Coverage
•  Coverage for Hearing Problems
•  Fitness memberships
•  Medical transportation costs
•  A few other healthcare perks may be covered by the plan too.

Sure, taking care of health is essential, but it pays to protect the assets. Buying the right property insurance in Phoenixville and Limerick, PA, can help one maintain one’s home, business establishment, and rented and vacation property without spending a fortune on repairs and replacement.