Medicare Advantage plans are a way that allows beneficiaries to receive medical benefits through a cost-effective model. These plans offer beneficiaries all the benefits that come with Parts A and B Medicare except hospice care. One may also enjoy additional benefits on request, so depending on the provider, you can review the different terms offered for each plan.
However, many ask whether this is the right plan for them. It may sometimes appear worthy to choose Original Medicare for this type of insurance, but that may not hold if all the dynamics that control the market are reviewed.
How the plans work
Medicare Advantage is managed through private insurance companies approved by Medicare. Each month, the approved companies receive a fixed remittance then the company covers the costs incurred by members of the program as described in the agreement.
Also note there are several types of Medicare Plans, and the benefits each offers may vary. For instance, the Medicare Advantage Prescription Drug plan may include prescription drugs and is suitable for someone likely to need such services. Other plans include the Preferred Provider Organization (PPO), Medical Savings Account (MSA), Health Maintenance Organization (HMO), Special Needs Plans (SNPs) and HMO Point-Of-Service (HMOPOS).
How to choose a plan
Basically, there are no rules when choosing a plan. You are at will to determine the kind of plan you would want and if the coverage offered is right in your eyes. You are advised to read all the details included in the plan so you can compare the benefits offered, costs, restrictions and availability in your area. While most plans like InnovaCare may include prescription drugs, some do not, so also consider the type of medication you take when choosing which plan works for you.
As a focused and established Medicaid and Medicare Advantage provider, InnovaCare Health is in the front line working to reform healthcare. The company, through technology and innovation, has come up with a smooth system that enhances cost-effectiveness and efficiency, hence high quality services. InnovaCare Health is based in Puerto Rico and serves a network of over 7,500 providers.
The leadership of the company, led by Dr. Richard Shinto, is focused and experienced on matters management. For instance, Dr. Rick Shinto has worked in healthcare for over 20 years and his previous positions were in leading companies across the U.S. He currently works as the President and CEO of the company with help from the Chief Administrative Officer, Penelope Kokkinides, an experienced healthcare expert with at least 20 years experience.