When choosing between a Medicare supplement and a Humana Medicare Advantage plan, for most people, the deciding factor is usually the cost of the monthly premium. If Advantage Plan has the providers you need and a suitable price for your budget, it may be the right option.
One of the biggest differences between the two types of plans has to do with the freedom to change your coverage. A supplement can be changed at any time of the year. Advantage plans have an annual enrollment period at the end of the current year for coverage beginning January 1 of the following year. If you enroll in a Medicare benefit plan and don’t like it, you only have until February 14 to return to the original Medicare. By February 15, if you have not changed yet, you will be trapped in the plan for the rest of the year. Advantage plans are now offered in 98% of the country’s municipalities. This is a long way since 1996, when only 15% of the municipalities offered them. According to the 2007 Medicare Advantage plan statistics, the average citizen pays $736 per month in premiums, although actual monthly payments between states range between $500 and $800 per month.
Holders of Medicare plans that do not have end-stage renal disease or kidney failure may qualify for a Medicare benefit plan, but in some municipalities there are offers especially for people with kidney failure. A Medicare Advantage plan can be a health plan, a PPO plan, or a particular service charge or a particular service charge. The HMO Advantage plan remains a popular option, especially for Medicare beneficiaries who want to pay only as little as possible from their pocket and low or no monthly premiums. However, Medicare HMO benefit plans are only offered in metropolitan areas with a large number of Medicare beneficiaries.
In contrast, a Medicare PFFS or Private Fee for Advantage Service plan allows the Medicare recipient to visit any doctor, any hospital of their choice. Not surprisingly, this type of Medicare benefit plan is enjoying great popularity among Medicare beneficiaries. In 1965, the government created a social security program called Medicare. This program focuses on the health benefits of its citizens and taxpayers in retirement. To qualify, you must be over 65, have a citizen or have at least one permanent legal residence in the country for 5 years and they or their spouses have been able to pay their taxes or contributions for at least the last ten years. The Medicare program is divided into different plans to help determine the specific program for the beneficiary.