In this ultimate showdown, we compare Medicare Advantage vs. Original Medicare to help you make the best decision for your healthcare needs. If you're wondering about the differences between the two, this video will break it down for you. From coverage options to costs, we'll give you all the information you need to choose the right Medicare plan for you.
Medicare Advantage or Original Medicare- WHICH IS BETTER??? Call iHealthBrokers at 888-410-0344. Our services are 100% FREE
★☆★ABOUT THIS VIDEO★☆★
0:00 Intro
0:30 Benefits
5:17 Premiums
7:40 Deductible
9:19 Copays & Coinsurance
11:51 OOP MAX
12:43 Networks
13:23 And the Winner is...
Medicare Advantage Plans must offer at least the same benefits as Medicare Advantage. However, they can choose to offer additional benefits such as dental, vision, hearing and prescription drug.
You premium For Original Medicare is based on your work history and your income. Medicare Advantage Plans may charge an additional premium or you may just have to pay whatever you would have paid For Original Medicare.
Another charge to be aware of is your deductible. This is the amount that you must meet out of pocket before your insurance begins to contribute to the cost share. Deductibles for Original Medicare can be a little tricky.
For Part A, your deductible is $1632 per benefit period. The Part B deductible is yearly and in 2024 it is $240. Medicare Advantage Plans cannot have higher deductibles, but they can offer you lower deductibles. You may, however, have a separate deductible for your prescription drug coverage if applicable.
Copays/Coinsurance
When you actually use your medicare, you will have a copay or coinsurance. For Part A, your coinsurance is determined by the facility type and length of stay. For Part B, it is usually 20% of the Medicare approved amount.
However, you can choose to enroll in a Medigap plan aka Medicare supplement plan. These will step in to help pay for your coinsurance, copays or deductibles, possibly entirely. That means you could pay an additional monthly premium to partially cover or even entirely cover all of your medical bills.
For Medicare Advantage, it’s entirely variable. Usually costs for your PCP or even a specialist will be rather low. For prescriptions, it is dependent upon the tier of the drug. Hospital services will of course be more expensive, but these are outlined in the terms of your plan.
Your out of pocket maximum is the maximum you might have to pay yearly for your covered in network services. If you reach your OOP MAX in you plan’s calendar year, your insurance plan would step in to cover the remainder of your medical bills.
Unfortunately, Original Medicare does not have an OOP MAX. Unless of course, you enroll in a Medigap plan. So, without a Medigap plan, if you have very large medical needs, you may have very large medical bills.
MA plans on the other hand, do offer OOP Max. Usually a few thousand dollars. This can really save you if you have large medical needs.
On the flip side, there is the issue of neworks. Original Medicare does not have networks. And almost all doctors and hospitals accept Original Medicare. For MA plans, there are networks and they can be extremely restrictive. Many people report having to travel long distances to find a doctor who accepts their plan. This is absolutely unacceptable if you are in need of serious or regular care.
There is also the issue of preauthorization with MA.
Check out this video to learn more or call us at iHealthBrokers today at 888-410-0344. Our services are 100% Free!
If you have any further questions, please feel free to contact us here at iHealthBrokers at 888-410-0344 or ihealthbrokers.com/
👇SUBSCRIBE TO iHealthBroker's CHANNEL NOW👇kzitem.info/rock/5jc...
★☆★CHECK OUT OUR OTHER VIDEOS★☆★
Let's Navigate Medicare.gov Together • Let's Navigate Medicar...
Save Money on Medicare • DON'T WASTE MONEY WITH...
Medicare on a Fixed Income • How to Save Money on M...
Medicare Supplement Plans • What's the Best Medica...
The Truth About Free Medicare Advantage • The Truth About "Free"...
===================================
★☆★CHECK US OUT ★☆★
WEBSITE: ihealthbrokers.com/
PHONE NUMBER: (888) 410-0344
F A C E B O O K: / ihealthbrokers
===================================
Give us a call or leave a comment below and we'll do our best to help! Make sure to "Like" and "Subscribe" today!
Негізгі бет The Ultimate Showdown: Medicare Advantage vs. Original Medicare
Пікірлер: 5