A few days ago somebody just asked me, if Medicare advantages plans were all that important. When all is rosy, it might seem like a waste of ones’ hard earned money. However, when a medical emergency comes in, that is when you realise the need of it. Medical costs in the U.S. are tremendously high and any sudden mishap can fleece you of all your life’s savings.
Everyone is aware that general mediclaim pays only up to 80% of hospitalisation and other related costs. There are various parts of a mediclaim policy, like co-payments, coinsurance and deductibles. About 20% of the outpatient and medical equipment costs are borne by the insured.
Coverage of Part A and Part B gaps
Your original mediclaim has two parts, A and B. Medicare Part A covers up to 60 days hospitalisation. Once, you cross the limit, you need to shell out the remaining co-pay from your own pocket. And, coming to Medicare Part B, there are many limitations. This part only pays up to 80% of the expenses. Certain services like blood tests, X-Rays, medical accessories and chemotherapy are out of bounds and have to be borne by you.
How Medicare Advantage Plans can help you? https://www.medicareadvantage2019.org/aarp-medicare-advantage-plans-2019/
These plans are also known as Medigap plans. These have been designed to fill in the gaps left by your original mediclaim policy. These pay for your coinsurance, co-payments and deductibles. There are ten different kinds of such plans, which offer standardised features across all states in the U.S. They have been designed to suit every pocket and customised for your specific needs and budget.
After reading about all these pros, you must be pretty satisfied with the answers here. It is indeed good for you. Yes, it is worth investing in. The best plan from the stable of Medicare advantages plans is Plan F. It is a bit expensive, but worth it.
Plan F – Its Features
This plan pays 100% of all your out-of-pocket expenses. It pays for Medicare Part A after exhaustion of the minimum number of days stay in hospitalisation, Medicare Part B co-payments, blood, skilled nursing services, foreign travel emergency medical care, Part B excess charges and many more.
You can go for other comprehensive plans, like G and N as well. It offers more or less the same benefits. So, all said and done Medicare advantages plans are indeed life savers and money savers as well. You should go for one of the plans and keep yourself and your family safe.