Medicare Advantage Plans are a favorite option to Original Medicare for senior citizens in the United States. These plans offer an all-in-one package that covers your healthcare needs, including hospitalization, doctor visits, and prescription drug benefits. Medicare Advantage Plans have already been expanding their coverage since they were first introduced in 1997, and they are set to have further changes come 2024. In this post, we shall discuss everything required to learn about best Medicare Advantage plans 2024.
The Expansion of Telehealth Services:
Telehealth services will play a much more prominent role in Medicare Advantage Plans in 2024. With the COVID-19 pandemic, more folks got acquainted with virtual health services, and Medicare Advantage Plans aren't letting its advantages slip by. In 2024, telehealth services will cover a broader range of medical services and will soon be available more frequently. The Centers for Medicare and Medicaid Services (CMS) will include additional telehealth benefits in the policy.
More Social Determinant Benefits:
Medicare Advantage Plans are set to add social determinants of health within their coverage come 2024. Which means, beyond the traditional medical coverages such as hospitalization, doctor visits, and drug coverages, Medicare Advantage Plans will now cover other crucial needs like transportation to medical appointments, nutrition, housing, and other social determinants affecting the entire health of the patients. These benefits can help Medicare beneficiaries to mitigate medical challenges facing seniors, particularly those living in underserved communities.
Limits On Supplemental Benefits:
The 2024 changes to Medicare Advantage Plans may also limit the huge benefits that insurance companies will offer as supplemental benefits. This limitation is set to streamline and standardize benefits across all plans by rendering it less burdensome for insurance providers to offer individual benefits to specific sets of enrollees. It also ensures all eligible beneficiaries receive fair treatment and coverage without the inadvertent discrimination or inconsistency.
The Addition of Hospice Care:
Medicare is expanding hospice care coverage for people with advanced illness, in which patients choose conservative treatment rather than aggressive treatment. The option for hospice care may seem such as for instance a death sentence, nonetheless it permits hospitalization when necessary. Hospice care provides a wealth of benefits such as pain management, spiritual support, counseling, and use of specialized medical equipment. Medicare Advantage Plans will offer hospice benefits which will cover the expenses of treatments provided by way of a hospice care team like the physician, social worker, nurse practitioner, and chaplain.
Continuation of Standard Payment Rates:
Physician services reimbursements by Medicare Advantage Plans will continue to receive payments predicated on current rates. Which means that physicians will continue to receive the same payments they currently receive when treating their Medicare Advantage Plan patients. It is essential to note this because it is usually one of the significant reasons physicians offer fewer services to Medicare Advantage Plan patients than to those in Original Medicare.
Conclusion:
As we've seen, Medicare Advantage Plans will experience significant changes come 2024. Among these changes include expansion of telehealth services, more social determinant benefits, limits on supplemental benefits, the addition of hospice care, and the continuation of standard payment rates. With your changes, Medicare Advantage Plans aim to offer more coverage tailored to senior's health needs and overall quality of life. We can expect that more changes will come later on to keep pace with the changing times, so always stay informed. Consult together with your Medicare Advantage Plan provider or a licensed Medicare insurance agent to receive personalized recommendations to find the best coverage that matches your needs.
check out the website at https://www.comparemedicareadvantageplans.org/ to get the knowledge about best Medicare Advantage plans 2024.