Medicare plans that are privately-managed have increasingly gained popularity in recent years. These plans combine physician and hospital services into a single plan, usually with added benefits, for instance, vision and dental coverage like what InnovaCare contains. Rather than paying physicians and hospitals directly, with advantage programs are funded by the federal government to provide Medicare coverage. You should consider the following factors when you’re choosing the most ideal medicare advantage plan:
1) Check the Doctor Network
First, you need to confirm whether or not your current health providers are in the plan’s network since the majority of Medicare Advantage Plans necessitate you to use healthcare providers in their network. If they are, you will have an added advantage because you will continue using their services. However, if they are outside your plan’s network, you may end up paying a much larger share of the expense, or full cost devoid of any reimbursement from the insurer.
2) Re-examine your plan.
If you have been diagnosed with a serious health condition, it may be better to return to your original Medicare. Original Medicare allows you to visit any primary care doctor, any specialist and receive treatment at any health facility participating in the Medicare program.
3) Examine your medication
The list of accepted drugs by Medicare Advantage plans, commonly known as formulary keeps on changing. You need to check your drugs for coverage under the plan since plans add and remove drugs, and change the medication’s co-payments and deductibles. The government’s official Medicare website can serve as a perfect tool to help you check the formulary of all plans offered in your region.
4) Check the Total Cost of a Plan
Besides the Medicare Part B premium, Medicare Advantage Plans also charge a premium. You should inquire about fixed charges known as copayments as well as coinsurances that you are required to pay for every time you receive a service.
5) Check theStar Ratings of the Medicare Advantage Plans
These plans are usually rated by the federal government on a scale of one to five stars based on several performance levels such as level of managing chronic conditions, customer service, preventative screenings, member complaints, and experiences. Plans with a 5-star rating are known as “excellent” and those with a four-star rating are designated “above average.” Most plans are rated 4-star or 5-star.
Read more: Penelope Kokkinides | Whitepages
Get flexible, affordable coverage from Puerto Rico’s leading provider of Medicare Advantage plans and physician practice services. InnovaCare Health is dedicated to ensuring quality healthcare is delivered through creating models that are not only sustainable and most affordable, but also fully-integrated with most current technologies.
Under the management of Rick Shinto the Chief Executive Officer. InnovaCare’s Chief Administrative Officer, Penelope Kokkinides, InnovaCare has over the years achieved a great wealth of success in providing quality medical care through Medicare Advantage plans and physician practice services.
Learn more about InnovaCare Health: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=225431891