One of the advantages of using a Medicare plan is the add-ons that are present. You can change the plan as you like, or you can add a new plan if you would like. It is the latter that we are going to be telling you about. So, how can you go about adding to a Medicare plan? Well, one of the more common ways of doing this is with the help of an Advantage plan. This gives you the full benefits that you will be getting from the original Medicare. That sentence might alone be enough to tell you why a lot of people would be willing to take this route. It doesn’t matter whether you want to go that way or are just exploring, we suggest that you hear us out. Medicare Advantage Plans 2021 are on the rise, but did you know they had variations within them? After you have read about the two plans that we would like to talk about today, you can decide what kind of plan you will be needing. And if you are serious about finding one, go to the Medicare plan finder and look at different options.
Health Care Maintenance (HMO)
In this plan, the primary focus will be on making use of the plan’s network of doctors and healthcare professionals. And if needed, you can also enrol in a plan that offers coverage for prescription drugs as well. You will have to make a decision on a primary care doctor. Another rule that is part of this plan is that any doctor you visit must be part of the plan’s network. If by some chance you get help from someone outside the network, you may have to bear the entire cost.
Medical Savings Account (MSA)
This is in many ways quite the opposite of the Health Care Maintenance plan. Here, you will have a special savings account where the insurance company will be making a deposit. You can then use this money to pay for your expenses that is until you meet the deductible in your plan. Another bonus here is that you do not have to pay a separate premium for it. You have more flexibility here but in the earlier plan, you can use a network that is trusted. So, it comes down to what you want and how much you are willing to pay.