Unless you have been hiding under a rock, you have heard of Medicaid. Medicaid and its general services are often advertised, particularly by email. However, as noted in the video, Medicare advertisements are often very vague. Luckily, the video ” What is Medicare Advantage ?”,provides more insight into this type of medical coverage.
If you are not 100% sure what Medicaid is, it is important to understand that the Medicare advantage insurance plan is not full medical insurance. These are private care plans that are managed by different insurance companies.
The Medicare advantage allows you to use network doctors. These various Medicaid plans have caps that protect against crazy medical costs.
When Medicare coverage gets approved, you are responsible for the copay. These Medicare advantage insurance plan benefits can change based on what part of the country you are in.
You can utilize open enrollment or make one change from January to March. You can also take that time period to cancel your plan in favor of more traditional coverage. Either way, Medicaid Advantage can provide a range of coverage based on where you are located. Look out for open enrollment if you are interested.