Due to lower premiums, more and more people are attracted to enroll in Seattle Medicare Advantage plans. According to the study, there is an increase of 10% on the Medicare Advantage enrollees. The increase in membership can be attributed to the inability of these individuals in availing supplemental coverage from their previous employers. They are also becoming more comfortable with managed care plans.
Seattle Medicare Advantage plans are the alternative plans for the traditional Medicare plans offered by the federal government. These plans can be purchase by disabled persons and elderly individuals who want to have more coverage. The average premium of the Medicare Advantage plan is valued at $134.90 each month. Actually, this amount is $5 less compared to the average cost of Medicare plan with additional prescription coverage. There are a lot of options for Medicare Advantage plans and two of the most popular options are HMOs and PPOs.
Most seniors favored Medicare Advantage plans because it is a combination of the original Medicare plan plus the addition of prescription drug coverage and other extra benefits such as dental care, eye exams, hearing aids, wellness care and others. Members of Medicare Advantage plans can modify their plans between Nov. 15 and Dec. 31. During these times, it is best for them to review their options so that they can select a plan that is best for their needs. Some people are obtaining new plans each year.
Most insurance companies, especially the for-profit ones are cancelling their plans. This is due to the changes being done on the Medicare rules as well as on the new health care law. The law imposes that there should be an equal level of reimbursement for the Medicare Advantage plans and the original Medicare plans. To know more about Seattle Medicare Advantage plans, you can go to our website at www.WAMedicareInsureAgent.com.