Have you considered trading in your current medical insurance plan for something more powerful that would take care of more of your out-of-pocket expenses? Medicare Advantage can be a good alternative to the healthcare plans that most seniors sign up for. It actually replaces a lot of Original Medicare, so if you have that healthcare plan and it isn’t doing enough for you, then you may want to consider switching to Medicare Advantage. We would like to tell you about Humana Medicare Advantage plans for 2020 and how they might be able to benefit you.
Medicare Advantage Provides Powerful Coverage
A Medicare Advantage plan is Medicare designed but is sold by private insurers outside of the Medicare organization. Companies like Humana are able to decide what kind of Medicare Advantage plans they want to offer and how much they can charge for those plans, and that gives you some unique options that you can pick from.
Advantage plans all come with some of the same coverage. This baseline coverage is identical across every single Medicare Advantage plan, and it will include cover for Medicare parts A and B, emergency treatment, and urgently needed medical treatment. This coverage package is pretty robust already, but many Advantage plans offer more than just baseline coverage. A lot of them will provide you with coverage for routine checkups for your health and will take care of prescription drug costs under a Medicare Part D plan.
If you were to sign up for one of the higher coverage Humana Medicare Advantage plans, then you would probably have few out-of-pocket costs to pay. You could get most or all of your medical expenses paid through your plan and simply have that one medical bill to pay instead of having multiple ones to worry about.
Why Humana May Be a Good Option
Humana has been around for decades and started out as a nursing home business called Extendicare. Since then, it has grown into one of the largest health insurance businesses in the country, with an expanding network area and a lot of member benefits to offers its subscribers. The company boasts member perks like Weight Watcher’s coverage, access to healthcare professionals by phone 24 hours a day, cover for weight loss surgery, and much more. They have one of the most robust member perks packages around, and the perks you receive from them will vary based on the plan you signed up for and where you live.
Humana is also known for offering competitive pricing, and you can see how much their Advantage plans cost in comparison to other Advantage plans in the industry by using our site. We enable you to search for quotes on any kind of Advantage plan and see what different prices are available in your area. You can quickly compare and determine who has the best rates and which plan will save you the most money.
Humana also offers you a few different ways to get coverage on their network. If you look at the lineup for Humana Medicare Advantage plans for 2020, you may see terms like “HMO” and “PPO” on their plan names. These tell you how the plan is going to cover you on and off of Humana’s network. You cannot get full coverage outside of their network, but with the right plan option, you can get at least partial coverage.
HMO plans will give you full coverage while you stay on Humana’s network, but a PPO plan will cover you both on and off the network. It covers you just partially outside the network but fully while on the network. You will have to pay more for the PPO plan, since it does more for you.
Medicare Advantage and Your Health Insurance Plan
Do you have a health insurance plan at the moment? If you do, then you need to be aware of which plans will conflict with a Medicare Advantage plan and which ones will be compatible. If there is any conflict with your coverage plan and Medicare Advantage, that usually means that they both offer some of the same coverage. You are not allowed to have two different insurance plans covering the same item, even if the plans offer a lot more coverage than just the one conflicting item.
What this means is that most union and employer plans will conflict with Medicare Advantage. Medicare Supplements, or Medigap, as they are also called, will also conflict due to its overlapping coverage.
If you have an Original Medicare plan, then that works just fine with Medicare Advantage. Also, if you have Medicare Part D as a standalone plan, then it will work fine with Medicare Advantage, so long as your Advantage plan does not already include Part D in its coverage. Many Advantage plans do, so watch for that and be prepared to either drop your standalone Part D plan or choose another kind of Advantage plan that does not offer Part D coverage.
Keep Costs Down with the Right Advantage Plan
We are focusing on Humana plans here, but there are lots of different versions of Medicare Advantage out there. Humana may not always have the best prices or the kind of member benefits that are relevant to you. To ensure you are getting the very best plan for your needs and are not overpaying for your coverage, then you should take the time to compare your options. Determine if one plan is a better deal than another before you sign up.
You can use our site to compare the cost of the plans. You will get a list of quotes for your area when you use our free search tool, and this can really save you some money. You may find better prices than you thought were available and you may find that Humana Medicare Advantage plans for 2020 are more economical than expected. If you need any help with finding the right plan or just want to know more about what your options are, then please don’t hesitate to contact us.