Frequently Asked Questions About Medicare Advantage Plans
Simply defined, Medicare Advantage plans are a form of health insurance, which is passed from Medicare to beneficiaries through private insurance companies that are approved by Medicare. The plans offer both parts A and B and are customized to allow users to choose those what best matches with their needs.
Medicare Advantage plans may differ in costs and regulations depending on the region and company you choose. This is like a free platform that cannot be fully regulated by the federal government, so when choosing a plan you need to understand the terms, and, if possible, ask questions.
People want to know the differences between Original Medicare and Medicare advantage. These plans are not very different as there are many similarities that differences. Both have the Part A and B plans and are health insurance plans that enhance cost-effectiveness and convenience in the health system.
What are disadvantages of Medicare Advantage plans?
Owing to the fact Medicare Advantage plans are provided through private companies, there are bound to be disparities in guidelines. The specifics contained in a plan are dependent on the insurance company offering the same. Consequently, you may need high out-of-pocket costs for your plan if you compare it with Original Medicare. Also note the insurance company demands you follow strict rules, failure to which you may lose your right for compensation.
Who qualifies for enrollment to a Medicare Advantage plan?
To be eligible for a Medicare Advantage plan, you need to first enroll in Parts A and B Medicare. Those suffering from end-stage renal disease generally lose eligibility for this type of plan. You also need to ensure you live within the service area in which your preferred Medicare plan is offered.
About InnovaCare Health
InnovaCare Health is a Puerto Rico based managed healthcare provider specializing in Medicare Advantage and physician practices. The company is committed to offering high-quality healthcare solutions by coming up with cost-effective procedures that are run through sustainable models. InnovaCare has tried to integrate most of its services with advanced technologies to enhance service delivery and quality of care.
Dr. Richard Shinto, M.D.,MBA, the CEO of InnovaCare Health, is an important member of the company as his support has gone a long way into ensuring InnovaCare achieves growth and expands its addressable market. Author of clinical medicine articles and a B.S. graduate from the University of California, Dr. Rick Shinto brings to the company exceptional skills and massive experience.
The Chief Administrative Officer of InnovaCare, Penelope Kokkinides, can also be celebrated for ensuring InnovaCare is run seamlessly through modern and focused ideas. She has worked with different companies before including Aveta Inc., and she offers over 20 years experience and great management skills.