Understanding Medicare Advantage plans really boils down to the difference between Medicare and Medicare private health care plans. A Medical Advantage plan is nothing more than a private health care plan that is there to provide customized Medicare. There are about one-third of people who opt to use a Medicare Advantage plan, so it is somewhat common. There are many types of Medicare Advantage plans, but you should at least be familiar with some of the more common ones, like Health Maintenance Organizations, which are mostly known as HMO’s.
Another type of a Medicare Advantage plan is called Preferred Provider Organizations or more commonly referred to as PPO’s. The last type to know about is the Private Fee-For-Service plan, which is usually just called a PFFS.
The one thing that all these and other Medicare Advantage plans have in common is they have contracts with the federal government. The contract stipulates a specific amount that the government pays to provide Medicare benefits to their customers. Keep in mind that this is per person. This contract also means you will continue to have the rights under Medicare as a patient. The difference is you get the option to have other Medicare parts other than the one’s required by all Medicare Advantage plans, which are Part A and Part B. These Medicare parts cover different needs that you might need. Part A, for example, covers things like hospital care, skilled nursing care, home health care, and even hospice care. Part B covers things like doctor services, preventative care, hospital outpatient care, mental health, x-rays, ambulances, and laboratory tests just to name a few things.
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The benefit of InnovaCare Health is that your Medicare Advantage plan will pay for part of the Medicare Part B premium while you still have to pay for the Part A premium. You also have the option of adding other parts, such as Part D that extends prescription drug benefits, which is one of the benefits of using a Medicare Advantage plan.
Some of this may sound a little complicate, which is the reason you should make sure that you choose a company like InnovaCare that is run by experts like Rick Shinto, MD who is the President and Chief executive of the company. Like Penelope Kokkinides who is the Chief Administrative officer of InnovaCare. The reason you want professionals on your side explaining some of these plans is because they can help you personalize your Medicare Advantage plan to benefit your specific needs. In essence, you will not be paying for things that you do not need.
You should remember that the good people in InnovaCare Health have served their clients for a long time and have one of the lowest dis-enrollment rates in the country. Of course, this is not their goal, because they want to get the satisfaction rate to 100 percent, and they will not rest until they reach it.
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