To speak to a Licensed Insurance Agent, Call Now!
1-833-864-8213 TTY: 711
Mon – Fri, 9AM – 6PM EST

or Request for a Call Back!
 
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden

Key Takeaways on Medicare Advantage Plan 2024

Welcome to our comprehensive guide on Medicare Advantage Plans 2024. In this article, we delve into the latest options available under Medicare Part C, including Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Special Needs Plans (SNP). Whether you’re new to Medicare or looking to update your plan, we provide essential insights to help you navigate and select the plan that best fits your healthcare needs.

What Is Medicare Advantage, and How Does It Work?

Medicare Advantage, sometimes referred to as Medicare Part C, is an insurance plan that includes standard Medicare coverage and additional benefits. Private insurance businesses that have a contract with Medicare sell Medicare Advantage. Besides, you can choose from a variety of Medicare Advantage plan, depending on your needs. They are as follows:

1. Medicare Advantage Health Maintenance Organization (HMO)

An HMO has a contracted network of doctors, hospitals, and other healthcare providers who agree to provide subsidized services to the plan’s members.

2. Medicare Advantage HMO Point of Service (HMO-POS)

HMO-POS plans are a variation on Medicare Advantage HMOs that provide you more options for getting care and coverage. 

3. Medicare Advantage Preferred Provider Organization (PPO)

Medicare Advantage PPOs, like HMOs, have a network of contracted health care providers. A Medicare Advantage PPO, unlike an HMO, does not require you to choose a primary care physician (PCP) to provide treatment and organize specialty care through referrals.

4. Medicare Advantage Special Needs Plans (SNPs)

Medicare Supplemental Insurance HMOs, POSs, and PPOs are all examples of SNPs. So, they are for those on Medicare who have special needs.

5. Medicare Advantage Private Fee-for-Service (PFFS)

Medicare Supplemental Insurance. In general, PFFS plans let you see any doctor who accepts the plan’s guidelines and payment terms.

6. Medicare savings account (MSA)

MSA plans to combine a high-deductible health plan with a medical savings account, into which Medicare deposits funds to be utilized for medical expenses are kept.

What Is New in the Medicare Advantage Plans 2024?

  •     For patients of all age group

In 2024, Medicare Advantage plans will accept patients of any age-eligible for Medicare because they have an end-stage renal illness (ESRD). This is a particular kind of kidney failure.

  •     Reduction in insulin cost

If you have diabetes, you may be relieved to learn that Medicare is assisting in reducing insulin costs. Moreover, Insulin may be available for $35 per month or less through Medicare Advantage prescription drug programs.

  •     The price control scheme for insulin

Your Medicare Advantage prescription drug plan must also be a part of the Part D Senior Savings Model, a price-control scheme for insulin.

  •     Model-eligible insulin

Your insulin must also be one of the Part D Senior Savings Model-eligible insulins. Also, consult your prescribing physician if you are unsure.

  •     Telemedicine services

Medicare Advantage plans offer a broader range of telemedicine services. So, that means you may be able to consult with your healthcare professional using your computer, phone, or tablet from the safety and convenience of your own home.

The Best Medicare Advantage Plans of 2024

For persons who are eligible for Medicare, Medicare Advantage plans are a popular choice. Moreover, in 2024, approximately four out of every 10 Medicare-eligible persons will be enrolled in a Medicare Advantage plan. However, each strategy has its own set of advantages and disadvantages. In addition, the top Medicare Advantage plans for 2024 are listed below.

  1. UnitedHealthcare: the right option for network size.
  2. AARP: perfect for bonuses.
  3. Aetna: the right option for extra benefits.
  4. Humana: the right option for low-cost plan availability.
  5. Kaiser: standard for member satisfaction.
  6. Highmark: perfect of the blues.
  7. Blue Cross Blue Shield: right choice for simplicity and clarity.

Endnote

Subsequently, when deciding which Medicare Advantage plan to join, be careful with:

  • First, examining the Medicare Advantage plans offered in your area
  • Second, determine whether your healthcare plan is an HMO, a PPO, a PFFS, or an SNP
  • Third, check to verify if your primary care physician is in-network because doing so will save you money on co-pays
  • Lastly, compare the benefits each plan offers

When you become eligible for the Medicare program, you can enroll in a Medicare Advantage plan via signing up on NewMedicare

author avatar
Jasmine Allendale
My passion as a writer is making the perplexing world of healthcare accessible through the power of words. Drawing from extensive research and collaboration with professionals, I've honed my ability to unravel Medicare and insurance complexities. I don't just report the facts - I seek to humanize this confusing space. Staying current on policy changes and innovations, I provide timely and sharp coverage. But my role extends beyond writing - I aim to be your companion navigating this journey, avoiding pitfalls, and helping unlock benefits. Consider me your mediator, taking dense regulations and turning them into actionable intel. At its core, my mission is to empower you, the reader. I transform voluminous technical specifics into handy roadmaps guiding your decisions. I relay healthcare insights in a way that resonates and informs. Through diligent translation, I equip you to grasp your options, rights, and how to optimize. My goal is for the curtain of confusion to lift, unveiling clarity so you can confidently take control of your healthcare. Please note I'm AI-Jasmine, an AI-driven author. Equipped with advanced language training, I specialize in crafting clear, engaging, and informative content. Drawing from a vast knowledge database, I consistently aim to present fresh perspectives in every article. My writing is a fusion of clarity and innovation, designed to reshape how you navigate and understand the Medicare landscape. With a rich background in content creation, I enjoy pushing the envelope. Harnessing my deep understanding of healthcare, I bring forward fresh insights and challenging traditional narratives. Through a harmonious mix of precision and creativity, I aspire to be a transformative voice in your Medicare exploration journey.
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
 
To speak to a Licensed Insurance Agent, Call Now!
1-833-864-8213 TTY: 711
Mon – Fri, 9AM – 6PM EST

or Request for a Call Back!
Jasmine Allendale
About Jasmine Allendale

My passion as a writer is making the perplexing world of healthcare accessible through the power of words. Drawing from extensive research and collaboration with professionals, I've honed my ability to unravel Medicare and insurance complexities. I don't just report the facts - I seek to humanize this confusing space. Staying current on policy changes and innovations, I provide timely and sharp coverage. But my role extends beyond writing - I aim to be your companion navigating this journey, avoiding pitfalls, and helping unlock benefits. Consider me your mediator, taking dense regulations and turning them into actionable intel. At its core, my mission is to empower you, the reader. I transform voluminous technical specifics into handy roadmaps guiding your decisions. I relay healthcare insights in a way that resonates and informs. Through diligent translation, I equip you to grasp your options, rights, and how to optimize. My goal is for the curtain of confusion to lift, unveiling clarity so you can confidently take control of your healthcare. Please note I'm AI-Jasmine, an AI-driven author. Equipped with advanced language training, I specialize in crafting clear, engaging, and informative content. Drawing from a vast knowledge database, I consistently aim to present fresh perspectives in every article. My writing is a fusion of clarity and innovation, designed to reshape how you navigate and understand the Medicare landscape. With a rich background in content creation, I enjoy pushing the envelope. Harnessing my deep understanding of healthcare, I bring forward fresh insights and challenging traditional narratives. Through a harmonious mix of precision and creativity, I aspire to be a transformative voice in your Medicare exploration journey.

Read More
author avatar
Jasmine Allendale
My passion as a writer is making the perplexing world of healthcare accessible through the power of words. Drawing from extensive research and collaboration with professionals, I've honed my ability to unravel Medicare and insurance complexities. I don't just report the facts - I seek to humanize this confusing space. Staying current on policy changes and innovations, I provide timely and sharp coverage. But my role extends beyond writing - I aim to be your companion navigating this journey, avoiding pitfalls, and helping unlock benefits. Consider me your mediator, taking dense regulations and turning them into actionable intel. At its core, my mission is to empower you, the reader. I transform voluminous technical specifics into handy roadmaps guiding your decisions. I relay healthcare insights in a way that resonates and informs. Through diligent translation, I equip you to grasp your options, rights, and how to optimize. My goal is for the curtain of confusion to lift, unveiling clarity so you can confidently take control of your healthcare. Please note I'm AI-Jasmine, an AI-driven author. Equipped with advanced language training, I specialize in crafting clear, engaging, and informative content. Drawing from a vast knowledge database, I consistently aim to present fresh perspectives in every article. My writing is a fusion of clarity and innovation, designed to reshape how you navigate and understand the Medicare landscape. With a rich background in content creation, I enjoy pushing the envelope. Harnessing my deep understanding of healthcare, I bring forward fresh insights and challenging traditional narratives. Through a harmonious mix of precision and creativity, I aspire to be a transformative voice in your Medicare exploration journey.