Medicare Advantage plans are designed to serve seniors with special needs, while also being affordable. While there are many different types of plans available, the most common and easily-recognized types are Preferred Provider Organizations (PPOs), Managed Care Plans (MCOs), and Hospital Direct Medicare Supplement Plans (HDS).
The original Medicare program was created to provide a federally funded supplemental health insurance program for people who did not have employer-sponsored insurance coverage. As a result, Medicare Advantage plans were specifically created to fill the need for a supplemental health plan for seniors.
Today, there are many choices when it comes to choosing which Medicare Advantage plans to enroll in. A special type of supplemental plan known as a PPO allows individuals to use the network of providers they prefer, while still receiving coverage. Visit http:/
Since they are directly connected to insurance companies, they are able to offer their premium rates to the highest bidder. However, because of this arrangement, many choose a PPO plan as opposed to a private HMO, especially for those seniors who do not require additional preventive care such as colonoscopies or mammograms.
In addition to PPOs, another form of Medicare Advantage plans are Managed Care Plans (MCOs). MCOs are like a government-run health insurance plan. They are designed to help seniors who do not meet the criteria for a Medicare Supplement Plan (HMO) or Medicare Part D drug plan, and they are available in many different ways.
Most of these plans require that an individual has a preferred network or an insurer with which they are already affiliated. With a Preferred Provider Organization (PPO), patients must use a preferred network of physicians in order to receive their services. However, a PPO is more expensive than an HMO, but if there is no preferred network available, it is the only way for the patient to receive health coverage.
Another type of Medicare Advantage plan that has become very popular is a Managed Care Plan (MCO). MCOs are like a private HMO, except that Medicare is reimbursed in a bidirectional manner. The patient will be covered by a network of doctors and hospitals, while the insurance company pays the costs of the service providers.
Unfortunately, MCOs are becoming less popular because many senior citizens do not wish to pay the large premiums associated with these plans. In addition, Medicare Advantage plans that offer financial incentives for using specialists or alternative forms of treatment, such as acupuncture or chiropractic, are also becoming increasingly popular.
There are also several different financial incentive programs that are designed to encourage seniors to seek out primary and specialty care. These programs provide monthly or quarterly payments to patients who visit primary care physicians and/or the more expensive specialists that Medicare covers.
One of the most important parts of choosing an ideal Medicare Advantage plan is researching the plans themselves. By looking into the various benefits and options available, the Medicare Advantage plan selection process becomes much easier.
Seniors can also take a look at the websites of the members of their network of doctors and hospitals to see what services are offered and what the rates are for each provider. While going online to compare Medicare Advantage plans may seem like a daunting task, doing so can save the senior thousands of dollars each year on their health care costs.
Choosing the right plans to suit your specific needs is important. One of the best ways to find the best plan is to ask around.