Florida Medicare Advantage Plans – Huge Disparity Of Premiums
Florida Medicare Advantage Plans are just one example of a national trend
When comparing Florida Medicare Advantage Plans one thing becomes glaringly obvious. There is a huge disparity in monthly premiums between different plans.
One reason that many Medicare beneficiaries choose an Advantage Plan rather than a Medicare supplement is price. A plan with either a $0 monthly premium or low monthly premiums is much more palatable to the individual who cannot afford the premium for a Medicare supplement.
Medicare Plans 2012 – What Are The Costs?
Medicare Advantage Plans vary County to County. Generally rural Counties will have fewer options than more populated Counties. A quick check of the Medicare website will reveal Florida Medicare Advantage Plans with a $0 premium and plans with premiums over $200.
If a Florida Medicare Advantage Plan has a higher premium does that mean its better?
The argument that you get what you pay for may not always hold true for Medicare Advantage plans available in Florida. Some plans with a higher premium may have:
- A more restrictive network
- Higher copay and coinsurance amounts
- A less desirable Part D formulary
- Less value added benefits
Ultimately what you consider to be the best plan regardless of monthly premium may not be considered to be the best by someone else. The price of a plan is not an indicator of that plan being a better plan.
With such a large number of Medicare Advantage Plans available and such a huge difference in plan premiums it’s important to get the facts. Beneficiaries need to understand the different types of plans available and understand the features of each plan that they are considering.
Here are some points to consider when comparing Florida Medicare Advantage Plans:
- Is the premium affordable?
- Are your doctors and hospitals in network?
- Can you receive services out-of-network?
- Are you drugs covered?
- Are you receiving the extra benefits that are important to you?
Medicare Advantage Plan – 2012 Enrollment Tips
Given the disparity in premiums for Medicare Advantage Plans available in Florida it pays to find a well rated plan that suits your needs for the lowest possible monthly premium.
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