Benefits for Medicare Advantage are Expanding in 2020
According to AARP: For the second year in a row, Medicare Advantage (MA) plans will be able to increase their benefits, including home meal deliveries, transportation, and some housecleaning.
Under the new policies, MA plans in 2020 can cover a broad range of supplemental benefits that aren’t typically considered health needs but, have a reasonable expectation of improving the health or overall function of Medicare enrollees.
Last year, MA plans were given the authority to cover such items as shower grips and wheelchair ramps to those who needed them because they had fallen or had other mobility issues.
With a Medicare Supplement, Medicare is still your primary insurance, but the supplement plan fills in the gaps of Medicare by paying your deductibles and coinsurance so that you don’t have copays (except with certain plans). These plans also allow you to go to any provider that accepts Medicare nationwide. A complete Outline of Coverage options is available upon request.
Must be enrolled in both Medicare Part A and Medicare Part B to apply for an Advantage Plan
Sold by private insurance companies and replaces Medicare as your primary insurance
Cost-sharing in the form of co-pays, deductibles, and coinsurance
Many Advantage Plans include prescription drug coverage; some will provide routine dental/vision/hearing
Several different Medicare Advantage Plans options, including HMO (Health Maintenance Organization), PPO (Preferred Provider Organization), PFFS (Private-Fee-For-Service), and SNP (Special Needs Plan)
Did you or do you turn 64 this year? Happy birthday and welcome to the world of Medicare decision-making. It’s important to start planning and choosing your plans now before you turn 65. Talk to us today to get started and let us help you weigh your options.