Medicare Advantage plans are health coverage plans that are directly administered by the federal government. Private insurance companies such as InnovaCare Health, which provides Medicare Advantage plan benefits to the public, sell these plans. The new plans replace the old one popularly known as the Original Medicare.
The Medicare Advantage Plans offer many benefits to the users. In addition to covering both part A and Part B benefits, the plan has benefits such as vision, dental, hearing, health and wellness programs, and dental care. The public also gets to enjoy prescription drug coverage, popularly known as Part D benefits. However, these additional benefits usually come at an extra cost in terms of higher premiums.
Medicare Advantage Plans can be tailored to fit an individual’s needs. In addition to customized plans, one can enroll for any of the three most common Medicare Advantage Plans: Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Private Fee-For-Service (PFFFs). Other plans include Special Needs Plans (SNPs), Medicare Medical Savings Accounts (MSAs), and Provider Sponsored Organizations (PSOs).
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Medicare Advantage Plans allow the public to join the plans from Original Medicare through enrollment. Through this process, an individual will continue to enjoy all Part B and Part A benefits that he or she was enjoying before, by continuing to pay for his or her premiums. However, the individual will need to agree to the new rules and restriction, which may affect when and how he or she receives health care.
It is important to note that unlike the Original Medicare, Medicare Advantage Plans controls what hospitals or doctors that the insurance holder can visit. One’s plan predetermines the type of hospital and physician networks that he or she can visit. It also has an annual out-of-the-pocket limit. The limit protects the public from expensive care.
About InnovaCare Health
InnovaCare Health, Inc. is a North American provider of managed healthcare services. The company focuses on redefining healthcare management to that ensure it meets the challenges posed by the complex environment of the modern healthcare. The healthcare facility achieves this objective by enhancing a strong relationship between the provider and patients. The company offers physician practice services and Medicare Advantage Plans to its clients.
Dr. Rick Shinto M.D heads the firm as both the Chief Executive Officer and the President of the company. Penelope Kokkinides, the Chief Administrative Officer, handle the administrative duties at the company. Mr. Douglas R. Malton serves as the Chief Finance Officer. InnovaCare Health Solutions, LLC has its headquarters in Fort Lee, New Jersey.
Learn more about InnovaCare Health: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=225431891