#MEDICARE ABCD COST PLUS#

“There’s a misconception that Original Medicare is free, but it’s not,” explains Truong.

You will pay the standard monthly premium for Part B.

There’s no cost for Part A if you have worked 40 quarters where you paid Medicare taxes.

Medicare Advantage plans often have lower copays and most have no deductible.

Keep in mind that a $0 monthly premium won’t eliminate every cost associated with your plan. Is a “free” Medicare Advantage plan really free?Ĭertain Medicare Advantage plans allow you to enroll with a $0 monthly premium. You’ll want to use health care providers within your plan’s network for the lowest costs. However, each plan can have a different limit and that limit may change every year. You won’t pay anything for covered services.

Medicare Advantage plans have a yearly limit on out-of-pocket costs. When you choose a Medicare Advantage plan, you may receive value-added benefits, such as: Medicare Part B (medical coverage) provides services to diagnose, prevent and treat conditions, including doctor’s visits and lab visits.Medicare Part A (hospital coverage) provides inpatient hospital and emergency room care, home health care, hospice care and nursing home care.

#MEDICARE ABCD COST PLUS#

“Medicare Advantage plans offer the same coverage as Original Medicare, plus additional benefits.”Īt minimum, all Medicare Advantage plans include complete Part A and Part B coverage. “If you want more coverage than what you receive with Original Medicare, a Medicare Advantage plan may be a good choice for you,” explains Truong. Offers Original Medicare plans (Parts A and B). Private health insurance companies provide Medicare Advantage plans, also known as Medicare Part C. Here are some of the most common questions about Medicare Advantage plans. “A Medicare Advantage plan may help lower your health care cost if you have a doctor or medical group you’re already receiving your care from,Īnd if you are ready to retire into Medicare,” explains Truong. You can also find and compare providers using Medicare’s website. You’ll also want to evaluate the quality of a health plan’s network, including the doctors, hospitals, rehab facilities and other providers available to you through your health plan. You can compare the quality of different plans using the Medicare Plan Finder tool on. “For example, Sharp Health Plan earned a 5 out of five-star rating from CMS,” 1 says Don Truong, the director of sales at Sharp Health One star stands for poor performance, while five stars stands for excellent performance. The Centers for Medicare and Medicaid Services (CMS) uses a five-star rating system to rank Medicare health and drug plans. Health plan qualityĪlways evaluate the quality of a health plan before purchasing health insurance. Of a Medicare Advantage plan before choosing one. While these plans offer a tremendous value compared to Original Medicare and Medicare Supplement plans, it’s important to evaluate the quality It’s true that there are several Medical Advantage plans on the market today with $0 monthly premiums. Wary shoppers may wonder: Is there a catch? If you’re shopping for Medicare insurance, you may have noticed Medicare Advantage plans with monthly premiums as low as $0.

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