This year, health care reform is prohibiting Medicare Advantage plans from charging more for critical care than those enrolled in Original Medicare are charged. That applies to chemotherapy, dialysis and care in a skilled nursing facility. Advantage plans will also have new incentives to improve the quality of health care provided.
Advantage plans will continue to cover many prescription drugs in 2011, but be aware that not all plans cover every prescription. Unlike standardized Medicare Supplement plans, Medicare Advantage plans may have different rules and benefit policies. Have an agent who is knowledgeable about Advantage plans help you compare the plans available in your area.
Health care reform is expected to eventually channel over $100 billion out of Medicare Advantage plans over the coming decade, but the Centers for Medicare and Medicaid Services expect Advantage plan premiums to remain stable in 2011. These plans are known for low premiums.
In addition, Advantage plans must cap what members pay out-of-pocket at $6,700 in 2010. With new protections for members, these plans may be all you need to fill the gaps in Medicare’s coverage. You can see which insurers provide Medicare Advantage plans where you live at our website. MediGap Advisors also provide personal consultations with a licensed agent at no charge to help you with all your Medicare Supplement insurance needs.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.