What are Medicare Advantage Plans?
Medicare Advantage plans are a type of Medicare health plan offered by private companies that contract with Medicare to provide all your Part A and Part B benefits. Most Medicare Advantage plans also offer prescription drug coverage. In Ohio, there are four types of plans available in the Medicare Advantage program: Health maintenance organization (HMO), preferred provider organization (PPO), private fee-for-service (PFFS), and special needs plan (SNP). Each offers a different level of flexibility in your network of care providers and varies in price.
What are the Pros and Cons of Medicare Advantage Plans?
Medicare Advantage plans offer more benefits than Original Medicare. They’re often cheaper than paying for Medicare and a Medicare Supplement plan, but they offer less flexibility since you’ll need to get care from within the plan’s network of providers. Some of the benefits of Medicare Advantage plans in Ohio include prescription drug coverage, dental, vision, and hearing care. They include all the coverage of Original Medicare (Parts A and B). There are four types of plans available: HMO, PPO, PFFS, and SNP. The most common plans are HMOs or PPOs. The plans vary in price, flexibility, and network of care providers.
How Popular Are Medicare Advantage Plans?
If you’re considering enrolling in a Medicare Advantage plan in Ohio to meet your various health insurance needs, you’re not alone. According to recent Census data estimates, approximately 2 million people ages 65 and older live in Ohio, accounting for more than 17% of the state’s total population.
What is the Average Monthly Premium for a Plan?
The average monthly premium in 2023 for a Medicare Advantage plan in Ohio is $16.03. (This is down from $18.17 in 2022.) There are 216 Medicare Advantage options available in Ohio in 2023. (This is up from 202 in 2022.) All Medicare-eligible people in Ohio have access to a $0-premium Medicare Advantage plan.
Evan is here to help! Call him at 614-423-8684 (office) or 605-310-8540 (mobile) and he’ll answer all of the Medicare Advantage plan questions you have – with no obligation.
Sources:
https://www.forbes.com/health/medicare/medicare-advantage-in-ohio/
https://www.medicareplans.com/medicare-advantage-plans-ohio/
https://www.nerdwallet.com/article/insurance/medicare/medicare-advantage-ohio
https://www.anthem.com/oh/medicare/medicare-advantage-plans