MAPNA Medicare, Missoula
How much do Medicare Advantage Plans cost?
Medicare Advantage plans may offer $0.00 premium plans with some being much more expensive depending on the plan and where you reside.
When calculating how much you will pay out-of-pocket for Advantage plan coverage, you should also consider the following:
The copays for services
The type of healthcare services you need
How often you require healthcare services
MOOP - The maximum out of pocket ( the most you can spend on covered medical services in one year)
Clients often ask us to explain the difference between deductibles, coinsurance, and copayments. Here is a brief definition of each:
Deductible - The amount you pay before Medicare, your drug plan, or another insurance begins to pay.
Coinsurance - An amount you may have to pay as your share of the cost for services. Usually this amount is a percentage, example 20%, 40% etc.
Copayment - A dollar amount you may be required to pay as your share of the cost for a medical service or supply. This may include a visit to the doctor, a prescription drug, or a hospital visit.
Important note: Pre-existing conditions do not apply to Medicare Advantage plans.
Contact us today to find out more.
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