Medicare Advantage Plans in Southeastern CT
What are they!
Medicare Advantage (MA) plans are developed by private insurance companies and take over from MediCare to provide you with:
● All the treatment and procedures covered by Part A & Part B
● A full annual physical plus various additional benefits.
● All needed medical related treatment and services through the plan's network of providers.
Note: MA plans are what is called Medicare Part C.
MA plans focus on improving treatment outcomes by monitoring and coordinating medical services. Outcomes are also improved by including and coordinating prescriptions. Plans with medications & medical are called a MAPD.
MAPD companies continue to expand additional benefits for members. Such as dental, vision, hearing, and fitness coverage. Some include certain benefits and offer others as additional cost options.
Social Determinates of Health. (SDOH) is a new and evolving focus for MAPD companies. SDOH are the things in a persons life which cause them to not follow treatment recommendations or not come for follow up visits after surgery. In investigating the decline in health from this MAPD companies found many people didn't make their appointments because of transportation. Including no cost transportation to needed medical visits as a covered benefit is becoming common. Covering SDOH issues results in better health and paying for transportation is cheaper than when a person needs additional expensive treatment.
What you gain being in a MAPD plan!
● The quality of care is usually higher and treatment outcomes are often better!
Why is that? When all your medical treatment and medications are coordinated the results are better!
● Then too, a recent study by the Better Medicare Alliance showed — "individuals in private MA plans had:
- > one-third fewer ER visits
- > 23% fewer stays in a hospital than those in traditional fee for service MediCare."
● People like MAPSs because:
-> they receive a real annual physical and the extra benefits.
-> the monthly cost is usually lower than with a MediGap plan plus a stand alone Part D plan. This is a Big Plus for many.
What to do after you enroll in a MAPD plan?
● Continue to pay your monthly Part B cost. Plus MA companies (usually) have a monthly cost. The amount is based on the level of benefits in the plan you select. For example, plans with lower co-pays, cost sharing, and a Maximum Out of Pocket will have a higher monthly cost.
● Select MDs and providers in the companies network when any treatment is needed. Show them your MA plan ID card, not your MediCare card. They will bill your MA company for your treatment not the MediCare system.
OK! What are your costs — when using a MAPD plan?
When going to a network MD for medical treatment:
● Office visits such as a PCP have a co-pay. Preventive visits have no cost.
● Seeing a Specialist means a higher co-pay than a primary care MD.
● Some services have cost sharing or a specific fee.
● When in a hospital you pay a per day fee for the first four or five days.
● All your co-pays and other medical treatment costs are limited each calendar year by the plan's Maximum Out of Pocket (MOP) provision.
Note: MediCare sets a limit for the medical MOP. (up to $7,550 in 2021) Many plans with no monthly cost plans use the maximum MOP. Some plans with a higher monthly cost have a lower MOP.
When goin to the Pharmacy for a medication:
● The cost of medications is not included in the plan's medical cost MOP, but they have their own MOP.
● When using the prescription part of the plan your benefits vary based on coverage stage of your prescription plan:
-> First is the Deductible. Many plans only apply it on higher Tiers.
-> The next stages are called — Initial Coverage — Coverage gap [donut hole] — Catastrophic . Co-pays and cost sharing are used based on the Tier the Plan placed a medication in.
Federal regulations set the sign up times for MAPDs called periods! The two most common are:
First: The Initial Coverage Election Period (ICEP). When a person turns 65 they have a seven month time to sign up for a MA plan. It includes the three months before eligible for MediCare, the month when eligible, and three months after.
Second: The Annual Election Period. (AEP) Each year Medicare has this time in the for individuals to change their plan. It currently takes place from October 15 to Dec 7. Any change made in the AEP will be effective January 1st. Individuals can make changes such as to select a:
● different plan from their current Medicare Advantage company..
● plan with a different Medicare Advantage company;.
Here are the other federal periods when a MAPD can be changed.
To learn more about the 30 MAPD options in New London County in 2021 — call or text:
John C Parker's Google Voice # — (860) 451-9793 today.
In talking we can:
● Discuss whether your looking ahead to 65 or planning to leave an employer, and:
-> your interests
-> to simplify how Medicare Advantage Plans in New London County Connecticut work.
● Select, when an enrollment period is available, the best MAPD for you situations which will provide peace of mind.
Note: In thinking about selecting a MAPD be alert for deceptive TV ads:
-> some say anyone on Medicare can get more benefits. However, only individuals with MedicAid & MediCare can sign up during the year
-> many benefits mentioned are only available to individuals who are dual eligible.
-> one is for a MediGap plan (a Medicare Supplement) not approved in CT!
● Face to face meetings are becoming safe again — we can talk on the phone about your situation and review options. Then if you decide to sign up we can meet. Then too, most enrollment forms can also be completed on line.
How are MAPDs developed? Let's look!
● Companies develop the benefits they want to offer for a specific MA plan.
● The plan is submitted to MediCare for approval. The proposal also indicates the States and often specific Counties where the company wants to offer the plan.
● When approved the company signs a one year contract.
● Marketing the plan to individuals can begin Oct. 1st for a Jan 1st effective date.
● Individuals living in an approved County can enroll from Oct 15th to Dec, 7th.
MediCare pays the MA company a fixed monthly payment for each person who signs up for their MAPD.