There’s health care reform, changes to PFFS plans, increasing health care costs and some insurance companies already announcing the non-renewal of Florida Medicare Advantage plans. What are we to expect for 2013 Medicare Advantage plans in Florida?
Whether you are looking for a Medicare supplement in Southwest Florida or a Medicare Advantage plan in Orange County you are bound to notice some changes for 2013.
Florida Medicare Advantage plan changes
There will be more changes related to Advantage plans than to Medicare supplemental insurance in Florida. It’s important to remember that Advantage plans can have benefits and premiums change or plans non-renew altogether on an annual basis. But beyond that, what should you expect for your Medicare Advantage plan if you live in Florida?
- Expect to see some companies that offer private fee-for-service plans decide to non-renew coverage for 2013.
- Keep an eye open to make sure you are not surprised by a jump in your monthly premium or a change in plan benefits.
- On a positive note, health care reform will begin to close the Medicare Part D coverage gap. The donut hole has long been a problem for many people on expensive medications. The coverage gap will not completely go away, but we will see incremental changes through 2020.
If you are new to Medicare or are considering a Medicare Advantage plan for the first time you should do your homework and compare several plans. This is easiest done online as insurance agents are not allowed to do side by side comparisons of plans from different companies.
Florida Medicare Advantage plan or Medicare supplement for 2013?
Don’t limit yourself only to Medicare Advantage plans. Take the time to explore Florida Medicare supplemental insurance as well. June 2010 saw the introduction of new Modernized Medicare supplement plans. This was the first major change since 1990.
Medicare Supplement Plan N is proving to be an affordable alternative to some of the higher cost Advantage plans. Many companies have limited underwriting and Medigap Plan N can actually be less per month than some of the private fee-for-service Medicare Advantage plans available in Florida.
Take a look at the rates for AARP Medicare supplement Plan N in Florida. Rates are quite competitive. These plans are worth comparing to your 2011 Medicare Advantage plan.
If you decide to go with an Advantage plan many insurance agents are expecting the AARP MedicareComplete plan and Humana Choice plan to be popular options for 2013. Both plans are PPO based plans with credible networks in most areas and are widely accepted.
No matter which way that you go, either with a Florida Medicare Advantage plan or a supplemental plan, make sure that you compare several plans to get your best value.