Medicare Special Needs Plans (SNPs) are part of the Medicare Advantage plan family and are intended to serve Medicare beneficiaries who have special needs. There are three types of Medicare Special Needs Plans. They include the Chronic-Condition Special Needs Plan, the Dual-Eligible Special Needs … [Read more...] about What are Medicare Special Needs Plans?
Medicare Advantage – The Pros and Cons
Whether you're thinking about signing up for a Medicare Advantage plan or you have already signed up, it's important to understand the pros and cons of it so that you can make an informed decision. Fortunately, there's a lot of information out there on the web to help you make an educated … [Read more...] about Medicare Advantage – The Pros and Cons
Medicare Supplement vs Medicare Advantage – Pros and Cons
When choosing between a Medicare Advantage plan and Original Medicare (Part A and Part B combined) with a Medicare supplement (aka, Medigap plan), you should keep in mind the differences between the two types of coverage. Medicare Advantage plans typically cover more, and the monthly premiums are … [Read more...] about Medicare Supplement vs Medicare Advantage – Pros and Cons
Why Are Some Medicare Advantage Plans Free?
You may be wondering why some Medicare Advantage plans are free (zero-dollar premium) and some are not. The reason is generally the total cost of care. A plan with a zero-dollar premium simply means that the amount the plan is compensated by Medicare, together with a member's monthly Part B premium, … [Read more...] about Why Are Some Medicare Advantage Plans Free?
The Advantages & Disadvantages of Medicare Advantage Plans
Medicare Advantage plans work on a pay-as-you-go system, which means you pay your monthly Medicare Part B premium plus an additional premium for the plan. The majority of costs come from healthcare services, including copays for visits to primary care doctors and specialists, and diagnostic and lab … [Read more...] about The Advantages & Disadvantages of Medicare Advantage Plans