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The Benefits Of A Medicare Advantage Plan

Written by marksbury
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Ohio Medicare Advantage Plans and Ohio Medicare Supplement Insurance Plans are also known as Medicare Part C ( Medigap ). To enroll in a medicare advantage plan you go through a private insurance company which has their plan approved by the medicare system. Medicare advantage plans are great for seniors who are healthy and want to save money on their insurance premiums.

One of the biggest advantages of a medicare advantage plan is the cost: in most cases your premium is zero dollars. That's right: you don’t pay anything on a monthly basis toward the plan, as you would have to with traditional medicare supplements. However, you still need to pay for your Part B coverage through Medicare no matter which plan you are on.

So, where’s the catch, right? Well, here’s how it works: Instead of paying monthly premiums, you pay co-pays and deductibles, which are typically a lot lower than regular medicare, until you hit the ceiling of the plan. Then, it will pay all your expenses beyond the ceiling amount, which is generally around four or five thousand dollars. Some plans do go as high as ten thousand dollars.

If you choose an Ohio medicare supplement plan, you can expect to pay one hundred twenty dollars to around three hundred dollars a month pending your age and health. One nice thing is that you know what you're going to pay each month for your health insurance and can budget for it. With medicare supplements, there are generally no co-pays but you will still have deductibles to meet. Additionally, you will have to purchase Part D prescription coverage separately. This will run you an additional twenty five dollars to forty five dollars depending on where you live.

Ohio Medicare Advantage plans also have additional benefits such as vision care, dental and some preventative care services. In addition, some plans include fitness programs and nurse help phone lines to advise you on your health. Many seniors love the additional benefits because of the help they get in deciding on their diets and how to exercise to stay fit and healthy through their retirement years.

Most of the time, Ohio Medicare Advantage Plans also have Medicare Part D built right into the plan, which saves you even more money on your insurance premiums. With regular medicare, Part D must be purchased separately. After you have met your Part D deductible amount, Part D will take over and pay your for your prescriptions up to a certain dollar amount per year.

One downside of the Ohio Medicare Advantage Plans is that you must use a doctor or facility that is contracted with them to receive medical care, whereas with medicare alone you can choose almost any doctor. You shouldn’t worry too much about this though, as there are many doctors who accept these plans. Therefore, finding a qualified doctor should not be that difficult.

If you are unsure whether to invest in an Ohio Medicare Advantage Plan or an Ohio Medicare Supplement Plan, you should consult an experienced agent to help choose the right plan for you. Just be sure to realize that insurance is a risk business. It's important to decide if you want to take a risk and not pay a premium or if you prefer to have a set budget with a set premium each month.


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