Art of Medicare Blog
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A person’s health is arguably his most significant wealth. Every individual is encouraged to put a premium on their healthcare services. The state aims to have healthier and better-cared citizens. That is why they allowed private firms to provide health insurance to people. One of these health insurances is Medicare Advantage. It is an insurance policy that provides health and medical coverage to at least 65 years olds. Medicare Advantage is also being offered to younger people with disabilities. The healthcare insurance is an alternative for Original Medicare, sometimes called Medicare Parts A and B, which is funded by the federal government. Unlike Original Medicare, Medicare Advantage not only covers hospital insurance (Part A) and medical insurance (Part B) but also provides prescription drug coverage (Part D). More Cost-Effective
Getting Medicare Advantage is more cost-effective than Original Medicare. Under Original Medicare, it only covers Medicare Parts A and B. And if you want to have the same coverage as Medicare Advantage, you will need to get a separate Medicare Part D Plan. In other words, you are going to pay more since you will get these coverages separately. In contrast, if you get Medicare Advantage, coverages for Medicare Parts A, B, and D are bundled together in a single plan. Hence, it is comparably less expensive to obtain Medicare Advantage than staying on the Original Medicare if you need more coverage. For next year, analysts predicted that the average deductible for the prescription drugs covered under Medicare Advantage would be $121. It is significantly lower than the average deductible for the stand-alone Medicare Part D, which is $445. One-Stop Policy Medicare Advantage offers a one-stop policy for your health and medical needs. As mentioned earlier, the insurance policy put together hospital, medical, and prescription drugs coverages in one policy. Meanwhile, if you need Medicare Part D and additional coverage under the Original Medicare, you will have to get it separately, such as Medicare Part D Plan or Medical Supplements. Broader Coverage Medicare Advantage has more comprehensive coverage than traditional Medicare coverage. Other than coverage for Medicare Part A and B, the insurance policy also provides coverage for Medicare Part D. In other words, it gives financial coverage for nearly all outpatient prescription drugs, excluding fertility drugs and medicines for weight loss or weight gain and anorexia. In most cases, elderly and disabled individuals are taking some form of prescriptive medicine. Therefore, it is a must-have for them to have prescription drug coverage in their healthcare insurance. Most Medicare Advantage plans provide additional coverage for hearing, dental, and vision care. The insurance policy also carries other benefits such as caregiver support, bathroom safety equipment, in-home support, telemonitoring services, meal benefits, fitness, and transportation assistance. Conclusion In general, elderly and disabled persons need comprehensive healthcare coverage for old-age illnesses and disabilities. Getting Medicare Advantage is one of ensuring that they can meet their medical needs. It is good to know that there is healthcare insurance that understands the circumstances they are in. At Art of Medicare, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (702) 776-7726. You can also request a free quote by CLICKING HERE.
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