Which is the Best Medicare Advantage Plan in Georgia?
When you are searching for all-in-one healthcare coverage, Original Medicare might not be enough for you. In this case, you can benefit from a Medicare Advantage plan. However, the type and availability of the Medicare Advantage plan depend on your location. If you live in Georgia, you have greater freedom as Medicare Advantage plans are bountiful in this U.S. state. This also means you will need extra help to determine the best Medicare Advantage plan in Georgia for you.
How many people benefit from Medicare Advantage plans in Georgia?
Around 1.8 million Georgia residents are enrolled in Medicare, and about 43% of Georgia Medicare Beneficiaries are enrolled in Medicare Advantage plans, as per Health Insurance.org. Overall Medicare enrollment is increasing in Georgia at a steady pace, with the number of Original Medicare enrollments decreasing and the number of Medicare Advantage enrollments increasing. All counties in Georgia have a variety of Medicare Advantage plans available, but options vary significantly from one county to another.
What are the Top Medicare Advantage Plans in Georgia?
Medicare beneficiaries in Georgia can choose to get their coverage either directly from the federal government via Original Medicare or from private Medicare Advantage plans. Original Medicare includes Part A (that covers the expense of inpatient stays) and Part B (that covers the expense of outpatient care). On the other hand, Medicare Advantage plans bundle Parts A and B under a single premium and typically include other services also, such as prescription drug and vision coverage.
Since Medicare Advantage plans are offered by private insurers, their services and availability vary from one location to another. People who are enrolled in Medicare Advantage plans can also switch to a different Medicare Advantage plan or Original Medicare during the open enrollment period. Once you sign up for a plan, you are locked in for a year before you can make any changes. So, you must choose a Medicare Advantage plan in Georgia that best suits you.
Here are a few popular types of Georgia Medicare Advantage plans that you may find useful:
1. Health Maintenance Organization (HMO)
The plan covers the only care that you receive from in-network providers. It requires you to first choose a primary care provider (PCP). To see a specialist, you will need a referral from your PCP.
2. Preferred Provider Organization (PPO)
The plan gives you the flexibility to see out-of-network providers, given that you will have to pay a higher percentage of the cost from your pocket. However, you will neither need to see a PCP nor need a referral to see a specialist.
3. Private Fee For Service (PFFS)
The plan allows you to see any Medicare-approved provider as long as they accept Medicare.
4. Special Need Plans (SNP)
The plan is specifically designed for people with specific diseases, conditions, or characteristics. Based on this, the plan customizes benefits, provider networks, and drug formularies to meet the specific needs of the particular group.
5. Medicare Savings Account (MSA)
The plan combines a high deductible Medicare Advantage plan with a savings account. With this, Medicare gives a certain amount of money each year and the plan deposits money into your savings account. You can use this amount to pay for healthcare costs that will be counted towards the deductible. Once you meet the deductible, your insurance provides financial help.
Different private insurers offer a variety of Medicare Advantage plans in Georgia under the above categories. Get professional help to ensure that all your healthcare needs are met.