Would you believe it’s possible to get all your health care coverage through an Independence Blue Cross Medicare Advantage plan and not pay a monthly premium? Well, you can, and I want to give you the full scoop on how you can get quality coverage with no monthly premium.
The Truth Behind $0 Premium Plans
Medicare Advantage plans (known as Part C plans) combine your Original Medicare Part A and B benefits into one plan. It provides you access to a network of doctors and hospitals, and may include additional benefits like Part D prescription drugs, a gym membership, vision, dental, and hearing aid coverage. For you this means that a private insurer, like Independence Blue Cross, pays for all of the Medicare covered services received in-network, provides you additional benefits not covered by Original Medicare, and reduces any paperwork you may have, such as submitting claims. By enrolling in a Part C plan, you are not disenrolling or forfeiting Original Medicare benefits. Even though you are enrolled in a Part C plan, you are still enrolled in Original Medicare, and you must continue to pay your Medicare Part B premium.
How is a $0 Premium Plan Possible?
When private insurers offer Medicare Advantage plans, the government reimburses the private insurer to deliver and cover the services that Original Medicare would cover within the private insurer’s network. The reimbursement that the private insurers receive is intended to cover the entire plan premium and provide quality coverage plus added benefits not provided by Original Medicare.
Maximize Your Health Plan to Get the Most out of Your $0 Premium
There are a few ways to ensure you get the most out of paying $0 per month:
- See your doctors regularly.
- Take advantage of the valuable extras your plan provides. This may include a free gym membership or health and wellness discounts.
- Use the plan programs like Health Coaches and condition management programs for chronic illnesses and medications.
Explore your $0 premium plan options today. Visit ibx.com/medicare.
This article was originally published on LinkedIn.
Website last updated: 5/11/2018
Y0041_HM_18_64982 Approved 6/12/2018