Medicare Advantage offers beneficiaries several benefits that allow them to receive medical care within the U.S. The plans are designed to offer everything the Original Medicare offers except hospice care. Medicare Advantage may also offer other benefits like coverage for prescription drugs, dental and vision. Understanding how the system works is a great step into making the right choice because there are different plans that one can choose.
How does Medicare Advantage work?
Original Medicare is provided by the federal government, but Medicare Advantage plans are serviced by private insurance companies like InnovaCare Health. In this setup, the government makes fixed monthly payment to the insurance companies listed for the program, then the companies offer members of Medicare the benefits by covering their healthcare costs.
Medicare Advantage plans exist in different types, each addressing a specific issue. For instance, you can choose the Special Needs Plan (SNP) if it relates to your case. Another person may prefer to choose Health Maintenance Organization plan or Private Free-For-Service plan depending on the issues one would like taken care of by the plans.
Read more: Dr. Richard Shinto, M.D.
Benefits of Medicare Advantage plans
Most insurance companies offer no premium for Medicare Advantage plans. This should save you the agony of having to spend heavily to access the services you need. However, you need to choose a plan that can be accessed in your area of residence since the availability of plans depends on the state and county one comes from.
Apart from the benefits that come with Medicare Advantage plans, your plan can also include additional benefits that are not available in Parts A and B. Such could include vision and dental coverage. Most importantly, every plan offers the out-of-pocket cost, so once the maximum is reached you will not pay anything for subsequent services.
Dedicated in serving North America, InnovaCare is one of few managed healthcare providers in the region that have proved to offer cost-effective services that are backed by modern technology and innovation. InnovaCare has also invested in effective communication and building teams that are tasked with overseeing Medicare Advantage plans and related services.
Several leaders including CEO Dr. Rick Shinto run InnovaCare to ensure it remains in the right course. Dr. Richard Shinto, with over 20 years as an executive in various companies, is a great addition to the company and his vision is one of prosperity and the attainment of countrywide reach. Also in the company is Penelope Kokkinides, a professional in clinical medicine who has worked as an executive for over 20 years. She currently holds a top position as the Chief Administrative Officer.