Medicare Advantage is a medical insurance scheme that operates within the U.S. The system allows people to have better choices for health insurance as there are different packages that one can subscribe to. Medicare Advantage is provided through private insurance companies, which receive fixed monthly remittances so they can transfer the benefits to the beneficiaries of the program.
This means there can be different rules governing the way a person can receive rights to enjoy the packages offered by different companies. It is unlike Original Medicare, which is managed and overseen by the federal government. For those who are yet to try Medicare Advantage, here are some of the benefits users get when they embrace the program.
Enjoy as low as 0% premium
Some insurance firms that work with the government to effect the program offer up to zero percent premiums, so members enjoy the cheapest rates when they use Medicare Advantage. This, however, may depend on your state of residence and the companies available since not every state offers Medicare Advantage. In some regions one is forced to rely on Original Medicare.
Everyone would like to receive a comprehensive cover, but this is not always possible. Medicare Advantage has tried to offer extra coverage, which, upon application, may include items not covered in Parts A and B like vision and dental coverage.
Additionally, each Medicare Advantage plan offers an out-of-pocket amount that applies to your limit of spending each year. Once the limit issued is attained, you are not requested to pay any additional costs for services covered. This amount may change from time to time depending on various factors that control the industry.
About InnovaCare Health
InnovaCare Health is an established provider of physician practices and managed healthcare services. The company has helped to create sustainable and cost-effective models that have been easily integrated into modern technology. InnovaCare Health serves within Puerto Rico and the membership base of the Medicare Advantage plans they offer is estimated at 200,000 individuals.
Under the leadership of Dr. Rick Shinto, the company has grown its addressable market and influence across Puerto Rico. Dr. Richard Shinto, the President and CEO of InnovaCare Health, enjoys more than 20 years of experience in the medical industry, where he has formulated policies and offered solutions to problems. He works closely with the Chief Administrative officer of the company, Penelope Kokkinides, who has also been actively working in the medical field for more than 20 years.
Read more about InnovaCare Health at Open Minds.