There is an increasing number of individuals who are opting for Medicare Advantage health plan over the Original Medicare. Companies that provide this healthcare plan are often contracted by the federal government. They are paid a stipulated amount of money per person to avail Medicare benefits. There are different Medicare Advantage plans. These include Health Maintenance Organizations (HMO), Preferred Providers Organizations (PPO), and Private Fee-For-Services (PFFS). Others are Private Sponsored Organizations (PSO) and Special Needs Plans (SNP).
How Medicare Advantage Works
New Medicare Advantage enrollees also have active subscription to Original Medicare. This way, they must pay their Part B premium every monthly alongside their Part A premium. Each of the available Medicare Advantage plans often provides Parts A and B services that are available courtesy of the Original Medicare. All Medicare Advantage plans also include a cap on enrollees’ out-of-pocket expenses, particularly for services covered by Part A and B.
Medicare Advantage plans do no factor in copays and coinsurances that are greater than it would have been under Original Medicare. This particularly applies for certain services such as dialysis and chemotherapy. However, their cost sharing for other services can be higher. These plans have the advantage of providing additional services, which are not covered by Original Medicare. These include dental care and routine vision. One qualifies for Medicare Advantage if he or she has Parts A and B Medicare. In addition, you must live in an area within which a plan is applicable. Those who have End Stage Renal Disease are not eligible.
Brief Notes about InnovaCare
InnovaCare is one of the leading providers of healthcare coverage plans in the US. The firm uses two main avenues to ensure that it provides the best services. These are Medicare Advantage and Provider Networks. Since its formation, InnovaCare has been committed to ensuring that its customers have access to high quality healthcare services. It does this through the creation of sustainable, fully integrated, comprehensive, and cost-effective healthcare models.
InnovaCare has competent leadership, which is provided by its president and chief executive officer, Dr. Rick Shinto, and Penelope Kokkinides, who is the Chief Administrative Officer. Their experience with Penelope Kokkinides has enabled InnovaCare to create a niche for itself by offering world class products and services. They have similarly been at hand to see InnovaCare Health gaining a footprint throughout North America and recently, Puerto Rico.