We are nearing the end of a Medicare Advantage plan, and the future holds the promise of the continued growth of these plans. Before looking at this past decade, we need to look into what these plans are, and how they were formed. The first benefit is that these Medicare plans provide a much better health care system than the traditional Medicare program. Using the numbers on the best, we can compare these plans to those traditional Medicare options. While you are in your 80s, if you are going to start seeing the benefits of these Medicare Advantage plans, you will be much older, and the coverage you receive through these plans is more robust. Obtain quotes for Medicare Advantage plans in 2021 by visiting http://www.medicareadvantageplans2021.org
If you are on the original Medicare program, you are receiving a bunch of free medical care that has been dumped into your lap. The free medical care is an incentive for you to stay in your job, and the money that you have is used to pay hospitals for the service they render to you. The cost of the free medical care is not covered by your employer.Dividing these costs is your deductible. This deductible must be paid, and the first visit that you go to the doctor or hospital is a premium that covers that deductible. Medicare Advantage plans in 2020 will cover a certain percentage of the deductible before you even see a doctor or hospital.Deductibles vary from plan to plan, but all of them have a percentage of deductible that must be paid before they will accept payment. These plans charge very little for their services. That is another plus to these plans.
Plans have the advantage of not having a pre-payment penalty. With a traditional Medicare plan, any kind of medical care you seek is directly tied to a payment for a specific fee for service. With these plans, you have the choice to go without seeing a doctor or visit a hospital. You do not have to pay a fee for the privilege of finding a cheap doctor. It is like using your own doctor.Plans in 2020 will have the option of going to the doctor or hospital that you choose. If you go to the hospital that is recommended, you can count on it costing less than the hospital that you are using now. That could mean the difference between a trip to the emergency room for you, or nothing.The major beneficiary of Medicare Advantage plans in 2020 will be the elderly. As long as our health care needs are not able to be met by our current system, and if there is a growth in demand for quality health care for this group, the plans will continue to grow and thrive.
In addition to this group, there will be a growing group of younger people who will use these plans. Younger people tend to be on a lower cost of living plan than their parents. If they need more services than what is currently available in the Medicare system, then they will turn to the Medicare Advantage plans.There is also the dilemma of whether or not we should abandon the current system and go to a new one. A Medicare Advantage plan is a program that people are choosing to join, that do not currently use the Medicare system. These are people who have a flexible choice, a little knowledge, and the resources to cover their care on their own.Let’s face it, it is time for the American health care system to be reformed, and our retirement can wait. While we wait, let’s find a way to cover our current costs and cover our own health care needs.