Most Florida residents get their Medicare coverage in one of two ways:
- Original Medicare
- A Medicare Advantage Plan
Original Medicare has two parts: Part A (hospital insurance) and Part B (medical insurance). Original Medicare is a fee for service health plan. You pay deductibles and coinsurance and Medicare pays its share of the Medicare-approved amount.
To Avoid Those Deductibles and Co-Pays, Florida Medicare Recipients Can Purchase a Private Medicare Supplement Plan for a Monthly Premium.
A Medicare Advantage Plan is a type of Medicare plan offered by a private insurance company that contracts with Medicare to provide you with all of your Medicare Part A and B benefits.
Medicare Advantage Plans, or Medicare Health Plans as they are sometimes called, come in a variety of plan formats such as:
- Health Maintenance Organization plans (HMO)
- Preferred Provider Organization plans (PPO)
- Private Fee-For-Service plans (PFFS)
- Special Needs Plans (SNP)
When you are enrolled in a Medicare Advantage Plan, Medicare services are paid for by the plan.
Medicare Advantage Plans can provide additional benefits such as prescription drug benefits that Medicare does not cover; they may charge a monthly premium (usually a minimal one) in addition to the Medicare Part B premium; and they also generally charge a fixed amount called a co-payment whenever you receive a service.
Common Questions About Florida Medicare Advantage Plan?:
- When Do I Enroll in a Medicare Advantage Plan?
- What Should I ask About Medicare Advantage Plans Before Enrolling?
Enrollment in any health insurance plan deserves a lot of homework because the Medicare plan you choose can affect the kind of care you receive as well as impact you financially. For more details about Medicare Advantage Plans or any Medicare or other health insurance issues, contact
Neil Primack (561) 935-3907 or email him at: firstname.lastname@example.org.