How does joining a medicare advantage plan work? [Health insurance]
You might have been asking, Do I have to stay in network if I join a Medicare Advantage Plan? Well continue reading below!!!
Making a decision about your health insurance can take quite some time, since there are many factors you need to consider before changing anything regarding your health insurance plan.
So it is only natural that you wonder whether or not do you have to stay in network if you happen to join any of the Medicare Advantage Plans. However, to answer this questions, there are a few things you need to consider.
Keep in mind, whenever you enroll into a new health plan, there will be important changes that can affect the way your health policy works and what it covers. And of course, the network is one of those very important things.
Since Medicare Advantage Plans is still a part of Medicare, and you do need to be enrolled in original medicare in order to be able to join this plan, you do have to stay in network. However, there are some cases in which you don’t, and we will talk about it in just a few minutes.
What is a plan’s Network.
In order to function and being able to provide you with a great health insurance policy that actually does work and covers all of your hospital and medicinal necessities, private insurance companies need to work with a series of health facilities that are willing to provide such services.
To put it simply, when we talk about a plan’s network we are directly referring to the hospitals, health facilities, providers and suppliers that cover the health services your insurance company offers you.
Basically, a Network is a series of hospitals, health facilities, doctors and more that have signed with the private health insurance company in order to provide them with those services and being able to attend anyone with that type of insurance without any problem at all.
Every health insurance company has a series of networks where their health policies are accepted and patients can be treated normally and regularly. It doesn’t matter what type of plan you have, it has a network.
Switching Networks when joining Medicare Advantage Plans.
Now that you understand what networks are, it is time to know whether or not you need to stay or change networks if you decide to join a Medicare Advantage Plan, and the answer is: Yes. Let’s break it down in an easy to understand way.
Whether you have to stay in network when joining Medicare Advantage Plans will depend directly on the type of plan you choose to get. If it is a HMO (Health Maintenance Organization) plan, you do have to stay in network to receive health assistance; except if it’s an emergency, in which case, you are allowed to do this.
When it comes to PPO (Preferred Provider Organization) and PFFS (Private Fee-For-Service) plans, things are quite different, since you can seek for health assistance in other hospitals and with other doctors that are out of your plan’s network, however, prices might be considerably higher and you will have to pay more money for such services.
It is important to check the Medicare Advantage Plan you are planning on getting through to fully understand what your plan coverages and to what extent. This way, you can be completely sure in what cases you have to stay in network, and in which you don’t have to.
TAG: How does joining a medicare advantage plan work? [Health insurance]