Humana is one of the insurers that has been around for decades. Its Medicare Advantage plans are some of the most popular options for seniors. This post will give you the most important things you must know about Humana Medicare Advantage Plans for 2020 that can help you make the right decision.
This private insurer does not only sell Medicare plans but it also offers several medical insurance options. You cannot purchase Original Medicare from this insurer as this plan is only sold through Medicare. As for its Advantage plans, it sets its prices and coverage items.
One of the best things about this company is its comprehensive customer support. It offers 24/7 customer support and provides a wide array of health and wellness services.
You will also find exercising and eating plans. It provides services designed for every individual to help in staying healthy. Humana emphasizes on keeping its customers as healthy as possible by promoting healthy living.
It is important to note that Humana does not offer the most competitive pricing. For that reason, it is vital that you compare prices to help you get the best deal.
It is not always ideal to find a plan with the lowest rate. Instead, seniors must compare policies based on their coverage and supplementary services.
Another important consideration is to find a company with financial stability, like Humana. The insurer has been around for decades. It is more solid than other private insurance companies that have been operating for only a few years.
Getting Humana Medicare Advantage Plans
You must be eligible to obtain one of these plans. One of the eligibility requirements is that you must be at least 65 years old. If you qualify for Original Medicare, then you are automatically eligible for Medicare Advantage.
If you suffer from end-stage renal disease or have a disability, then you are qualified for Medicare Advantage even if you are not yet 65. Talk to your insurance agent to know if you can qualify for Medicare Advantage upon meeting those special requirements.
Once you have figured out that Humana Advantage plan is the right option for you, fill out the application form and submit it. Wait for several days to receive a reply whether or not your application has been accepted.
You do not need to pay when you submit your application. Once you agree to the plan’s term, you will have to pay its monthly premium. The price of the premium will depend on the plan and where you live. Humana has its prices for the plans and those rates vary depending on your location.
To apply for Humana Medicare Advantage Plans for 2020, you must wait for the Open Enrollment. It can start from October 15 until December 7. You can apply during this period. You need to wait for your application to be approved before your coverage starts on the first day of 2020.
You can cancel your plan from January 1 to February 14. Switching plans is allowed but you need to meet the term on your existing plan before the new plan takes effect. That’s why it is vital that you choose the program carefully as picking the wrong policy can cost you hundreds of dollars per year on your premium and medical expenditures.
Medicare Advantage Plans – What are They
Medicare Advantage is not for everyone, even though it is robust coverage. In here, it covers different medical expenses, like the common expenditures that original Medicare does not cover.
This plan covers Part A and Part B. It will also pay for emergency care and lifesaving care services that Original Medicare does not cover. But Medicare Advantage plans have more to offer than just the basics.
Most plans can offer you more, like prescription drug costs, which is part of Part D. you can acquire this plan as a standalone policy or as part of the Advantage plan. However, if you have Part D coverage in an Advantage policy, then you cannot obtain part D on its own.
Furthermore, Advantage plans will cover the most common expenses. They would include expenses related to checkups for your hearing, vision and general wellbeing, that are not part of Original Medicare. Humana has its coverage that allows its plans to stand out from the competition.
Do You Need Medicare Advantage Coverage
Not all seniors find it necessary to purchase this robust coverage plan. It could be that in your case, you need less coverage with a lower price.
Medicare Advantage is designed to be comprehensive. Thus, if you do not need such scope, then it is not for you. Before making a decision, though, make sure to examine all your options.
When studying your options, you must first know your medical needs. From there, you can decide which plan can cover those expenses.
We cannot say that Humana is the best option for you because its plans could be expensive for your case.
You must compare your coverage needs and finances before making a decision. Compare the plans of Humana and the plans from other insurers.
By making a comparison shopping, you can find the right Medicare plan that can help you save a fortune. While making a comparison shopping, you might find that one of the Humana Medicare Advantage Plans for 2020 could fit your needs.