Understanding Medicare Advantage Plans – Litchfield Agency

Medicare Advantage (formerly known as Medicare + Choice) is Medicare’s term for managed care plans offered by private insurers and supported by Medicare, and is an alternative to Original Medicare (Parts A and B) to cover medical expenses. Many Medicare Advantage plans now offer a Prescription Drug benefit included in the plan. Senior Educators can help you Select a Medicare Advantage Plan that fits your needs. How The Litchfield Agency Helps You Select a Medicare Advantage Plan

About Medicare Advantage Plans

In Medicare Advantage plans, the government contracts with private insurance companies to add Medicare beneficiaries to the rolls of those covered under the insurance company’s plan. Payments to the plan are from Medicare (diverting the Part B premium payments), and potentially from the enrollee. Many plans however do not charge additional amounts; specifics will vary in every county in every state. Enrollees in Medicare Advantage plans are still part of Medicare. Most counties have at least one Medicare Advantage option.

Medicare Advantage Plans Come in 4 Main Types:

  • Medicare Advantage Preferred Provider Organization plans (PPOs)
  • Medicare Advantage Private Fee for Service Plans (PFFS)
  • Medicare Advantage Point of Service (POS)
  • Medicare Advantage Managed Care plans (HMOs)

–George Litchfield

Save With Your Medicare Plan

http://www.turning65-newtomedicare.com – Turning 65 ? Looking for reliable Medicare Insurance? or Looking to get better rates. The Litchfield Insurance Agency assists the Beaver Medical Group in Redlands. Whether it be Medicare, Health, Life. We will find the right plan for you. Serving Redlands, Banning, Yucaipa and the Inland Empire.