Medicare is available for people who fall into certain categories so they're able to have healthcare coverage when they need it. Maybe you've just reached the age of 65, have End-Stage Renal Disease (ESRD,) or you are a younger person with a particular illness that makes you eligible for the protection. Whichever group you belong to, it's always good to know about your options so you can take full advantage of everything available to you. Although you may be familiar with Original Medicare and think it's the only option, check out why enrolling in a Medicare Advantage plan could be the better choice.
Out-of-Pocket Limits Make It Easier to Budget
Under Original Medicare, you can generally see any medical professional who accepts the coverage. The drawback is that there is generally not an out-of-pocket (OOP) limit. This means if you have a difficult year and have to see the doctor more than usual, you might find your medical costs climbing so high that you don't know how you'll pay for them.
The great thing about selecting a Medicare Advantage plan is you can look forward to a cap being placed on how much you will be expected to fork over for healthcare expenses. Plans vary by region so you may even be able to score a plan that has an extremely low OOP limit. It helps to know that even if you happen to require medical care more extensively than usual you won't have to worry about ending up in the poorhouse.
There Is Time to Change Your Mind
If you've always had Original Medicare and are just learning about Advantage plans you might be a bit concerned about making the switch. It can be scary to convert something as serious as your healthcare plan, especially if you rely heavily on your coverage.
The good news is that if you move into an Advantage plan during the annual enrollment period, you are actually given a grace period if you decide the new coverage isn't for you. Simply contact your plan provider so you can mark your calendar and stay aware of any applicable deadlines.
Keep in mind that Medicare Advantage plans also include Part D, or, prescription drug coverage as part of the overall bundle. The next time you have an enrollment period on the horizon, consider moving into one of these incredible plans to see just how much they have to offer. For more information, contact Medicare Advantage enrollment services.
Share12 July 2021
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