Health Maintenance Organization (HMO) plans are one of 5 Medicare Advantage plans. They are perfect for those who want low-cost, network-based coverage at a very low cost.
The best way to understand HMO is to break it down into its key features:
This is an introduction to the way in which HMO plans cover a majority of your costs. Here are the main features of HMO:
As you can see, most HMO plans will also include Part D prescription drug coverage. This is an extremely vital service to Medicare beneficiaries. Most Advantage plans (HMO included) will also cover basic, limited dental, vision, and hearing care. Keep in mind, however, that every plan varies.
We understand that these are probably unfamiliar terms. Let’s break down the main features of a PPO plan:
You now have more of an idea of what a PPO plan will cover. Here are the main features of a PPO plan’s coverage:
As you can see, PPO plans (and almost every other Advantage plan) also include Part D prescription drug coverage. This is a fantastic and necessary benefit for many Medicare recipients.
Most Advantage plans will also have some form of limited dental, vision, and hearing coverage, and more.
Like all Medicare Advantage plans, PPO prices will vary depending on the provider and your location. For Medicare recipients, PPO plans are, on average, $30 a month. Some Medicare Advantage premiums may be as low as $0 for certain plans.
To learn more about the cost of a PPO plan in your area, we can help.
You know what health insurance works best for you, you just need someone to help you get it. The Coleman Agency will work with you to get the coverage you need at a good price. To learn more, give us a call today.