If you want to enroll in a non-marketplace health insurance, you have two common options ahead. You can either buy a Medicare Part D added on your Original Medicare, or you can enroll in a Medicare Advantage Plan provided by private health insurance companies.
Non-marketplace health insurance policies are now so common after the great change (Obamacare) in the government’s healthcare landspace. If you do not want to deal with lots of extra costs and high amount of out-of-pocket costs, you can choose a good Medicare Advantage Plan.
Medicare Advantage Plans are also called Medicare Part C and have Medicare Part D drug coverage included. The Original Medicare does not have Medicare Part D premium so it requires you to enroll in a seperate prescription drug plan.
Medicare Advantage Plans have monthly and yearly premiums which you are expected to pay. You can benefit from doctors, clinics, hospitals and their services if they’re are in your plan’s network. Medicare Advantage Plans have something in common, they all have yearly limits.
A yearly limit means that once you exceed the limit of your Medicare Advantage Plan, you will have to pay for the excess amount of your expenses. All the excess amount is considered out-of-pocket expenses in the eyes of the health insurance companies.
You can highly benefit from Medicare Advantage Plans if you’re enrolled in a policy that includes vision and dental extras coverage. Some plans even offer free fitness programs. This is so rare but you may be able to receive health care services or see doctors even if you’re outside of the U.S. with some private plans.
You can also visit state health insurance marketplaces by simply visiting the government’s healthcare.gov. You can build your own health insurance plan based on your health care needs. Some private companies like Aetna also provide SHOPs in which you can choose your own affordable health care policy.