Yes, in our busy lives, there’s always a probability of unexpectedly becoming sick and requiring treatment. Thus, health insurance coverage becomes an essential component in today’s fast paced lifestyle. They cover daycare procedures, pre-hospitalization costs, treatment at a wide network of hospitals, and even insure your mental illness treatment. Equally, with these packages, you don’t have a medical condition putting a strain on your finances. However, by paying a small amount of premium to the insurer you can take cover under a comprehensive health insurance plan. Further, check out how Medicare Advantage plans in 2021 provide long-term protection and contribute to the beneficiary services. Read on here to know more.
Benefits of Health coverage/insurance
- This health protection covers fundamental health benefits critical to maintaining your health and treating sickness.
- Gets you treated shortly if you or one of your family members get ill or diagnosed with a heart condition or another serious disease.
- You get free preventive care like screenings, vaccines, and some checkups.
- You pay a limited for covered in-network health care.
- Avoids having an existing condition worsen.
What is the Medicare Advantage plan 2021?
Medicare is the federal government program that provides health care coverage or health insurance if you are 65+, under 65 and receiving Social Security Disability Insurance (SSDI) for a determined amount of time, or under 65 and with End-Stage Renal Disease (ESRD). Medicare Advantage, also called Medicare Part C, makes it possible for people with Medicare Part A (hospital insurance) and Part B (medical insurance) to receive their Medicare benefits in an alternative way. Medicare Advantage plans are offered by private insurance companies contracted with Medicare and provide the same level of coverage that Medicare Part A and Part B provide.
What plans are offered by Highmark Medicare?
Health Maintenance Organization plans or HMO
This Medicare advantage offered by Highmark covers Medicare part A, Medicare Part B. Along with some additional health coverage options like dental, vision, prescription drugs, fitness memberships and much more.
Preferred Provider Organization plans or PPO
This plan offers more flexibility where you receive coverage for any provider you like – in addition to Medical Part A and Medical Part B. Besides, if you seek services from in-network providers you will pay less and more for out-of-network providers.
Things to consider when choosing the insurance
Cost – If you join a Medicare Advantage Plan, once you reach a certain limit, you have to pay nothing for covered services for the rest of the year.
Coverage – You must understand how well the plan covers the services you need.
Other/related coverages – If you have distinct kinds of wellness or prescription drug coverage, make sure you know how that coverage serves with Medicare.
Prescription drugs – Most Medicare Advantage Plans involve drug coverage. If yours doesn’t you need to ask your provider.
Health protection plans offer coverage for several types of infirmities and surgeries. However, most Medicare Advantage plans provide affordable coverage and thus have grown rapidly and continue to expand in the future.