Medicare Advantage functions as an American managed health care insurance program. It also goes by the name “Part C” and is meant to substitute for parts “A” and “B” of original Medicare. Medicare Advantage carries many benefits for consumers. Some of these benefits include the possibility of extra coverage for vision and dental, being part of a private insurance company and having “Part D” drug coverage paid for in most cases.
So, when is it better to have Medicare Advantage as compared to original Medicare?
In certain instances, it is preferable to have Medicare Advantage over original Medicare. The following instances may warrant a switch from original Medicare to Medicare Advantage:
If you want to cut down your risk of paying high out-of-pocket costs, then the Advantage plan is right for you. By law, Advantage plans have a set limit of what they can charge you out-of-pocket. This limit is set in stone at just under $7,000. Medicare, on the other hand, has no limit and you can continue to pay out-of-pocket without a cap. This can be very risky for individuals with certain medical conditions or a fixed monthly budget.
You need additional services such as assisted living and nursing home care. This is often a major deciding factor for many who chose Advantage plan programs. Original Medicare does not cover any of these services. They also will not provide add-ons such as dental and vision care.
Prescription drugs are often a concern. If you take prescription drugs regularly, then you may fair better with the Medicare Advantage plan. Original Medicare requires a “Part D” payment for prescription drugs. By contrast, most managed care programs will include prescription plan coverage in their plans.
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These are just some of the reasons that many seniors opt for Medicare Advantage coverage over original Medicare.
And amongst the many national providers of Medicare Advantage plans is a New Jersey based company known as InnovaCare Health. InnovaCare Health strives to offer seniors the best-managed care services around including access to specialists and Member Clubs.
Under the leadership of Rick Shinto, M.D. and Penelope Kokkinides, the Medicare Advantage program of InnovaCare Health has managed to lower its disenrollment rate by 40% compared to last year. Ms. Penelope Kokkinides is the chief administrative officer of InnovaCare and has over 20 years of experience in healthcare. Dr. Shinto is the president and chief executive officer. Along with over 20 years of experience in healthcare, Dr. Shinto has also previously served as president of another company, Aveta Inc.
InnovaCare is truly in business to provide top physician services and managed care options for its clients.
Learn more about InnovaCare Health: http://innovacarehealth.com/newsroom/