Advantage Health Plans

Advantage Health Plans

As you approach retirement, you will have a number of financial problems to tackle. These include medical services and the various ways to ensure that you have the right medical care for the services you need. Medicare will cover most essential services. However, you may have to sign up for additional health plans to cover expenses that are not included in the original Medicare program.

Medicare complementary health plans have been developed to fill in the gaps left by Medicare. As you may know, long-term hospital care, i.e. a minimum of 100 days and above, is not covered under the original Medicare program. There are also a number of other medical bills that Medicare does not cover. In fact, the retiree is usually responsible for paying about 20% of their medical bills. Catering for these services out of pocket can prove too expensive. As such, one of the approved complementary health plans may be useful for your case.

You can sign up for your advantage plan when enrolling for Medicare Parts A and B by visiting It should be noted that you must be registered for both parts in order to be entitled to a advantage plan. Since an individual is eligible for Medicare when they approach 65, the deadline for enrolling for a Medicare Advantageary Healthcare Plan is from three months before their 65th birthday to three months after their 65th birthday.

If, after this period, you choose to enroll for your Medicare Advantage Health Plan, the insurance company you are dealing with may require physical insurance and / or deny coverage. If they approve your plan, they can charge higher premiums because of the subscription fees.

Medicare itself will not cover the costs associated with the advantage health plan you have selected. Any additional costs that cannot be covered by Medicare and your advantageal plan must be paid out of your pocket. Therefore, you should make your decision carefully, which plans you should make. If you choose carefully, your will advantageal plan will almost cover all the costs that Medicare does not cover.

There are a whole range of advantageary health plans. Plans are labeled with letters of the alphabet and are rated based on their bonuses and the benefits you get when you sign up. While Plans F and C are known to offer the best in terms of coverage, other plans offer high coverage while allowing for moderate costs that can be included in your budget.

It is known that the premiums of the various advantageary health plans vary from one company to another. While you can find the same plan that offers the same benefits regardless of which company you go to, the premiums vary. There are two main ways in which insurance companies can set premiums on their advantageary plans: attained policy and issue-age policy.

As the name implies, premiums based on the issue age policy are determined on the basis of the person’s current age at the time they enrolled in the said plan.