Medicare Advantage Plans include Zero Dollar ($0) Premiums, is it true?

Are you trying to find out details about Medicare Advantage plans and to know if they really offer $0 premium plans. Offering a Zero premium is true, but that does not mean all the costs of your health care are covered.


What are $0-premium plans?

Regardless of whether there is $0 premium or not, the Medicare Advantage plans offer an opportunity to get the benefits of Medicare through the contracted private insurance company as Medicare approved. Under this Medicare Advantage plans means it is also known as Part C Medicare program. Such plans are also expected to offer Part A and B Traditional Medicare. However for the benefits of hospice, you have to come through Part A Medicare directly.


What about the costs out-of-pocket with $0-premium plans?

Medicare Advantage plans come typically with the costs out-of-pocket, just as other health insurance plans. These are expenses that may be included such as deductibles, coinsurance and copayments.


  • Deductible refers to the amount you pay prior to Medicare Advantage Plans paying the covered services share. Of course, not all the plans have deductible amount and even if they have, it may vary with plans.
  • Generally, coinsurance amount refers to the total cost percentage you may pay for covered service such as 20%.
  • Copayment that is set as an amount to be paid for covered services


Insurance companies issuing the plans of Medicare Advantage maintain rates flexibility. In accordance with the plan premiums, there is variation with the amounts in the deductibles, coinsurance and copayments.


Another item cost-related is the amount going as out-of-pocket expenses. The fact is Medicare Advantage plans, inclusive of the $0 premium has maximum out-of-pocket and this varies with plans, though it changes every year. This is the total cost to be paid by you to the Medicare-covered services. On spending a particular amount for the services in a year, you need not pay that year for covered services.


So, before arriving at a decision to get enrolled in Medicare Advantage plans with $0-premium, you may consider other costs. It is good to compare all costs of Medicare Advantage plans.

Compare Medigap plans here

More facts of $0-premium

Medicare Advantage plans with or without $ zero premium, requires the enrolled person to pay premium for Part B Medicare, apart from the plan premium. However, you are a part of the Medicare program even as you receive the Medicare Advantage plans benefits. Thus taking an informed decision is beneficial.

What are the Top 5 Things to Consider While Opting for Insurance Plans?

Medicare Supplement Plans 2018  is a guarantee that you have your back covered in case of financial emergencies. With the state of world economy these days, a proper insurance plan can be a worthwhile investment for anyone who needs to be safe in case of financial duress during an unforeseen medical emergency, loss of an earning member, inability to continue with professional life and more. Find out about the top 5 things to consider while opting for an insurance plan.


Insurer’s reputation


Check whether the insurer is a reputed one, and is backed by a credible financial institution. The agency needs to have a solid reputation as a credible insurer. It is a good idea to look for a company that has been in the business for some years at least. An experienced, long-timer agency is always a safer bet than new companies that have just opened up business.


T & C


Make sure that you read the fine print before signing on the dotted line. Insurance is a complex thing, and there are many technicalities and grounds on which you may be denied a claim when you need it the most. If you are unable to understand some of the terminologies, ask the provider to clarify those points. You can also take along someone who has already opted for an insurance plan from some other agency, to help you in making an informed decision.


Know about the deductibles


Deductibles refer to the sum that you are supposed to first pay up before the insurer pays any amount to you, for any claim that you make. The more you increase your deductibles, the more you can save money in the long run. It is easy to raise the deductibles. It is important to discuss this with your insurance provider.


Find out about other insurance products


If you want various types of insurance to stay covered from various mishaps – accidents, death of an earning member, loss of limb or livelihood, fire hazards, natural disasters etc, you should try to know about the various types of insurance products offered by the company.


Know about package insurance policy


If you would like to have multiple policies and consolidate them into a single plan with just one premium, it would be cheaper to have all the policies from a single insurance provider. You need to take a decision about multiple policy obtaining and consolidation.

Top Reasons behind getting the Medicare Supplement Plan

A lot of people don’t get the Medicare supplement plan as they find it difficult to give monthly premium. But, believe me; the advantages of those monthly premiums are worth it. For those who don’t know, Medicare Supplement plans are actually health insurances that an individual purchase from any privately owned business to pay the medical or health care costs that are not paid by the Original Medicare, for example, deductibles, co-installments and medical care while a person is outside the U.S. These plans don’t cover long haul care, vision care, dental care, eyeglasses, hearing aids or private nursing duties. Most plans don’t cover the prescriptions drugs as well. An individual has to pay a premium each month for the policy / plan.

Below are a few important reasons behind getting the Medicare Supplement Plan.

  1. Your medical bills get secured:
    Suppose that you consistently need to buy Medicare-covered, but expensive, medicinal supplies. Under the Medicare Part B, almost eighty percent of your medical expenses can be dealt with; however, 20 percent of the bill is still your obligation. You’ll have to achieve the yearly Medicare Part B deductible before the starting of Medicare to pay its share; this deductible sum may change every year. In case you’re secured by a Medicare Supplement plan, that additional 20 percent out of your pocket will be mostly secured.
  2. Acceptance is guaranteed: Contingent upon when you purchase Medicare Supplement plan, the insurance agency needs to accept you as a member regardless of whether you have medical issues, and it can’t charge you a higher rate on account of your health condition. This is valid in the event that you purchase your Medicare Supplement plan amid the period of your Medicare Supplement Open Enrollment (the half year duration that starts the month when you turn 65 and have Medicare Part B).You can apply for a Medicare Supplement plan whenever you like, however in the event that you apply after the Medicare Supplement Open Enrollment Period, much of the time the insurance provider can decline to offer you any plan, or charge you more after going through your medical history.

  3. Wide varieties to choose from:
    Several insurance providers offer Medicare Supplement plans that have a wide variety to choose from. The policies/plans with the best coverage have a tendency to have higher premiums to be paid monthly.
  4. Scope outside of the United States:
    In case you’re outside the U.S. on any vacation and a sudden ailment happens to you, then some Medicare Supplement plans help cover all the medical costs outside of the nation as well.
  5. Control over your alternatives:
    With Medicare Supplement protection, not exclusively do you get the opportunity to pick such plan that suits your requirements; you likewise have the choice of including Medicare coverage of professionally prescribed drugs. Similarly, you will get many other alternatives to choose from.

All these reasons are enough to prove that the United Healthcare medicare supplement are very important to get.