Medicare and Special Needs Plans

The Special Needs Plans caters for people who qualify for Medicare and Medicaid, those who reside in long-term care facilities and those with chronic or disabling medical conditions. These plans are private plans that provide benefits to Medicare beneficiaries, including prescription drug coverage, that need additional help to pay for their medical benefits. We live in a society where the buyer must take care. Call your parents tonight! Make sure they know the problems related to Medicare Advantage plans. Such a call may be the only thing that prevents them from making, or worse, being pushed to make a decision that is not right for them. You don’t even want to think about the alternative!

Recently, the Centers for Medicare and Medicaid Services published information about the available Medicare Advantage plans in 2010. What’s great is that older people on average, can select from over 30 policies in 2010. You can even choose from more than seventy different Medicare Advantage policies, depending on where you reside.

Although the total number of plans has decreased with fewer offers of private service rates (PFFS), health maintenance organizations (HMOs) will be the most common type. Insurance companies, such as HealthNet, that are withdrawing from the PFFS market still offer Medicare Advantage health plans and other plans of various types. Other private Medicare health insurance providers, such as Kaiser Permanente, announced that there will be no changes in the offer of plans in 2010.

The lower fees save money against Part B of Original Medicare and a supplementary policy; also there is a limit should you need more medical care than anticipated. In addition, Medicare Advantage plans benefit plans often offer additional benefits, such as vision or dental services. Original Medicare has none.

An attempt to compute likely difference in cost is on its own, an attempt. However, the general principles are helpful guides on what should be considered. If it is obvious that much medical care is required, planning for original Medicare needs to be bought. When little medical care is anticipated, you will need a Medicare Advantage plan with fewer monthly benefits; But maybe some additional benefits.

Prescription drug plans are available to all people who qualify for Medicare, regardless of their medical history or income levels. When a person first qualifies for Medicare, the initial period of enrollment starts 3 months prior to their 65th birthday, includes the birth month and terminates 3 months after the month of birth. Otherwise, the annual open enrollment period for prescription drug plans runs from November 15 through December 31, with coverage beginning January 1.