If you are approaching age 65 or have already reached it, you likely spend time thinking about Medicare. Original Medicare is essentially a fee-for-service insurance program that is sponsored by the federal government. While Medicare does take care of some medical services you receive, it typically doesn't cover everything. It's up to you to provide for the rest and when you are working with a limited income it may be hard to produce the funds. If you're looking for a way to beef up your health insurance without breaking the bank, find out how getting a Medicare advantage plan may be able to help.
Gain Additional Benefits
Original Medicare consists of Part A and Part B. Part A is the hospitalization portion of the policy while Part B covers medical services such as doctor's visits and some preventative screenings. Although hospitalization and medical services are definitely key components of any viable insurance program, there is much more that you could be leaving on the table if you don't have an advantage plan.
Signing up for a Medicare Advantage plan could make you eligible for many benefits that you aren't receiving at the moment. Want to stay in shape? Some advantage plans offer free membership to select gym locations. Need transportation to your doctor's visits because you can no longer drive? There could be an advantage plan in your area that covers rides to certain places.
Also note that things such as eyeglasses, hearing aids, and dental visits may not be covered under Original Medicare. These are essential services that may become even more important as you grow older. Getting an advantage plan now adds peace of mind because if you ever need the additional perks they will already be in place!
Save Money With A Medicare Advantage Plan
You may also be able to save money by joining a Medicare Advantage plan. Some plans not only have a zero-dollar premium, but they could also offer you reduced co-pays and lower deductibles as well. The same hospital visit that used to cost you quite a bit can be drastically reduced when you become a member of an advantage plan.
The best way to determine if an advantage plan is right for you is to speak with a licensed insurance agent. They can look up the plans in your county and discuss your options so you can see why getting a Medicare advantage plan is a good choice for you.
After we purchased our first home, we realized that it might be a good idea to evaluate our insurance coverage. Although we had purchased homeowners insurance before, we had never owned a policy as large as the one we would need for our new place. Also, our new home had a trampoline and a swimming pool, which made us worried about liability. To iron out the details, I decided to meet with our insurance agent. We talked about things like monthly premiums, coverage limits, and deductibles, and it was incredible to learn more about the terminology. This blog is designed to help you with the same types of questions.