Marketing Strategies and Medicare Advantage Plans

Deceptive marketing strategies that do not make a clear distinction between Medicare and Medicare Advantage

* Go to older uninformed people in low-income areas by aggressive agents with difficult selling techniques.

* Outsourcing of customer service to call centers abroad whose employees have less knowledge about the complex Medicare system. Many experts believe that now is the best time to register. There may be fewer plans with zero additional cost on your Part B premium in the future and premiums are increasing. With Medicare Advantage, you often pay lower copayments and get additional benefits, such as hospital overtime coverage, vision, dentistry, hearing and prevention services, such as annual exams and emergency travel coverage or even Fitness programs. It is definitely worth checking out the Medicare Advantage plan options available to you. Think you may need Medicare Advantage plans 2020? Get quotes by visiting http://www.medicareadvantageplans2020.org

Medicare Advantage plans 2020Medicare drug plans are designed to reduce drug costs for subscribers and protect them against catastrophic drug costs. However, there is a monthly cost for these plans. In addition to a monthly premium, the covered individual must pay a percentage of the cost of the drug (or co-payment) and Medicare pays part of the cost. The costs of a plan vary depending on the medications taken and the type of plan selected. At a minimum, available plans must provide a “standard” level of coverage.

By 2010, a standard prescription drug plan will have the following costs:

  • A monthly premium that varies from approximately $24 per month to more than $ 100, depending on the plan selected and the medications taken.
  • An annual deductible equivalent to the first $310 in prescription drugs.

As MA plans are available, they have become a popular alternative to Original Medicare. In 2010 alone, approximately 25% of all Medicare beneficiaries were enrolled in Medicare Advantage plans. With an initial enrollment of 5.3 million, subscribers have more than doubled and numbers still increase every year. Medicare Advantage plans are a type of health insurance plan sold by private insurance companies. The plans are associated with Medicare. It seems that older people across the country have been tricked into enrolling in their Medicare benefits by enrolling in the Medicare Plan. In some cases, the elderly did not understand how Medicare plans worked, and in others, they did not even know that insurance agents had enrolled them in the plan. Insurance companies that sell these plans have been accused of several bad practices, including:

Lower Co-Payments for Medicare Advantage Plans

You will receive a health insurance card with the Advantage plan, as well as additional benefits and lower co-payments than those associated with the original Medicare plan. However, one of the restrictions here is that you can only see doctors who belong to the plan or use designated hospitals to receive services. Medicare now pays 14% more for enrollment in private Medicare Advantage plans than it would cost the same care in original Medicare. The final health reform bill brought these payments closer to the original Medicare. Medicare Advantage plans must still provide coverage as good or better than the original Medicare, and Medicare supplement plans still cover the gaps in the original Medicare.

Although you are not familiar with the term Medicare Advantage, you may know the following abbreviations and names which are actually Medicare Advantage policies: PFSP, HMO, MSNP, and PPO. For clarity, PFSP means Private Rate for Service Plans, HMO stands for Health Maintenance Organization, and MSNP means Medicare Special Needs Plans, and PPO is for Preferred Service Organizations. The bottom line is this: all these initials mean flexibility to choose a health insurance plan that works for you. Find Medicare advantage plans for you.

Therefore, before you start determining which plan you should select, you must understand what you want from your coverage and how much you can budget. Find the following local plans to find out what you can access in your city.

Is there a better health insurance plan for everyone?

I’m sorry, but I don’t think it’s fair to try to give everyone a simple answer. There are many individual factors that influence your decision. You should determine your budget, lifestyle, current health status and, of course, the way you prefer to access health services. You should also know that your options vary by region. You may not be able to choose the same health plan that your cousin will be happy with if he lives in a different city or state. Even if you can enroll in the same plan, you may have a different price and benefits! The law prevents Medicare Advantage plans from covering more than the original Medicare for specific services. It also requires that Medicare Advantage plans spend at least 85% of taxpayer funds on medical services for members, instead of using that money for marketing or keeping it for profit. Members who see premium increases or benefit reductions in their Medicare Advantage plans can switch to another original plan or Medicare.