AARP Medicare Advantage Plans 2021
Medicare Advantage plans were designed to help seniors save on costs when seeking medical care. When seniors reach the age of 65 their Original Medicare cover kicks off and allows them to seek hospital/inpatient (Part A) medical services at no cost. For some seniors, they may also have costs arising from doctor visits and outpatient care (Part B) covered instantly at this time. However, Original Medicare still leaves seniors with a bulk of medical costs to handle themselves.
Medicare Advantage plans are an alternative that helps seniors access more in terms of health care while saving on cost. They include Part A and Part B coverage with added benefits, and these plans are underwritten by private insurers like AARP.
If you are ready to make savings on your medical costs, make use of our site to access all information about AARP Medicare Advantage Plans in 2021.
Why Should You Get An Advantage Plan From AARP
AARP is amongst a list of many other private insurers who offer Medicare Advantage plans. They are a reputable insurance company known for tailoring their insurance covers to meet their beneficiaries’ needs.
The first thing to note about Medicare Advantage is the fact that they provide basic Medicare coverage (Part A and Part B). You get the same coverage when you purchase this plan from AARP. This takes care of your inpatient and outpatient payments, nursing coinsurance, hospital visits, hospital coinsurance, blood usage amongst other costs.
Most seniors often start off with Medicare coverage but they soon discover that it is not sufficient to handle their medical costs. Often, the changes that senior experience in their health as age progresses make them seek out additional support to cover their hospital bills.
Medicare Advantage plans, in essence, offer you what Original Medicare does as well as access to Medicare Part D which is the prescription drugs cover. AARP goes a step further and has a long list of pharmacies in their network. This helps their senior clients to access discounts and other benefits when buying prescription drugs.
Seniors who go for Medicare Advantage plans also have the benefit of going for regular checkups. These include visits to the dentist, optometrist, audiologist, and other specialists all under the Advantage coverage. However, worth noting is that the level of coverage you will receive depends on the specific Medicare Advantage plan you choose.
Make Savings On Medicare Advantage Plans
One aspect of Medicare Advantage plans that most seniors have a problem with is paying for what they can access freely. In essence, any senior who has contributed to Medicare employment taxes for at least 10 years are eligible to start accessing the coverage as soon as they turn 65. At this point, seniors can get Part A coverage premium-free while most find that their Part B coverage does not kick off immediately or that they have to pay for it.
There is also the matter of seniors who turn 65 before meeting the 10-year Medicare tax eligibility. This group often has to pay a certain amount for Part A and B. With this in mind, it starts becoming clearer why seniors might opt for Medicare Advantage plans which encompass the full coverage.
Medicare Advantage plans come with monthly premiums ranging from $150 to as much as $300 on the higher side. There is also the option of paying a higher annual deductible in exchange for lower monthly premiums.
Signing up for a Medicare Advantage plan as soon as you celebrate your 65th birthday is another way to save on cost. Insurers are less likely to turn down your application if you elect the plan early enough, and you do not have to wait for the Medicare Open Enrollment Period (OEP) to sign up for these plans. Typically the OEP runs from mid-October through to early December each year.
You can still purchase a Medicare Advantage plan later but keep in mind that most insurers may charge you higher premiums if you have pre-existing medical conditions. Worse still, some might turn down your application altogether.
Types of AARP Medicare Advantage Plans For 2021
Insurers typically offer two types of Medicare Advantage plans, and it is the same case with AARP.
Under the Health Maintenance Organization (HMO) option, beneficiaries are locked to accessing healthcare services within AARP’s network. The only exception is during emergencies when you can visit the nearest medical facility even if it is not within AARP’s network.
The Preferred Provider Organization (PPO) option provides full coverage from AARP’s network and partial coverage from health facilities outside their network.
How Seniors Stand To Benefit with AARP Medicare Advantage Plans
Several other insurance providers offer Medicare Advantage plans and therefore, you have to be on the lookout for the best deals. The goal is to settle for a policy that provides the level of coverage you need at a competitive rate.
AARP has been involved in the insurance business for a considerable time and just based on that, people have confidence in the company. They also have a track record of providing exceptional services and quality insurance products.
They also extend additional benefits including nurse on-call or doctor services to administer medication at home. This saves seniors the hassle of going to the hospital, and their prescriptions drop-off service helps a great deal too.
The extent of AARP benefits include access to personalized diets, Gym memberships, and discounts. There are also the extensive networks of doctors, specialists, hospitals, and medical facilities that have partnered with AARP. Best still, you can take your AARP Advantage with you if you move states.
These are all added perks that come in addition to Part A and Part B coverage the Advantage plans provide.
It should be apparent why you should consider going for AARP Medicare Advantage Plans in 2021. Our site can get you started om the process of finding the best Advantage plan to suit your needs. We are also happy to clarify anything that is not clear. Call us and we will readily offer the support you need.