Categories
Blogging

Uninsured Medicare Advantage Plans –An Alternative to Medicare Advantage Plans

In these types of plans, commonly called reduced rate service or discount plans, participating Medicare Advantage service providers assist the subscriber plan at a reduced rate. These types of plans began in the early 1990s and offer benefits such as braces, fills, exams and routine cleanings in exchange for a discounted rate for their members. Members generally receive a 30% to 35% discount on retail prices.

The benefits of Part A for hospital coverage and the benefits of Part B for medical services increases annually and coverage is still less than 100% once these deductibles are met.  Medicare Advantage 2021 plans help lessen the burden of irregular Medicare benefits.  For more information visit  https://www.medicareadvantageplans2021.org/

Be careful; If you do not have Medicare Advantage insurance coverage beyond a discounted Medicare Advantage plan, you may have a substantial liability for payment to suppliers. For example, a 25% discount applied to a $2000 Medicare Advantage account would still leave a person with a $1500 liability. Also, due to the payment due at the time of service (i.e. when the Medicare Supplement work is completed), be prepared to pay your Medicare Advantage bill in full before leaving the office.

Most standard Medicare Advantage insurance policies will cover some routine Medicare Advantage visits, x-rays, and Medicare Supplement cleaning. This is the preventive part of Medicare Supplement care that most Medicare Supplement insurance companies are willing to invest. Preventive Medicare Supplement care eliminates/reduces the chances of developing major Medicare Supplement problems. As most Medicare Supplement problems can be prevented, there is less need for expensive treatments later. This works for the benefit of you and the Medicare Supplement insurance company.

If you need expensive treatment such as root canals, Medicare Supplement implants, dentures, bridges, etc., your insurance company will usually pay a percentage of the cost of treatment and you will have to pay the rest. The percentage paid by the Medicare Supplement insurance company will range from 50 to 80% of your total cost. This depends on the type of policy and also the premium you want to pay annually. Higher premium policies will cover a larger part of the cost of treatment.

You must know the answers to all the necessary questions before purchasing any type of Medicare Supplement coverage, regardless of choosing an uninsured discount plan or one of the many traditional indemnity-based Medicare Supplement insurance plans.

Remember that state insurance departments do not regulate Medicare Supplement rebate plans. That being said, the fact that they’re not regulated doesn’t mean they’re not legitimate –just be careful. If you are unsure whether you are buying insurance or not, just ask if a licensed insurance company is offering the plan and check it with the insurance company. There are now state licensed Medicare Supplement rebate plans.