PPO Plans
Medicare Advantage PPO Plan Overview
There are different kinds of Medicare Advantage Plans that have unique pros and cons. A Preferred Provider Organization (PPO) is one type of Medicare Advantage Plan. While it costs a bit more money monthly, it offers more coverage and flexibility. Learn more about PPOs below.
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Medicare Advantage PPO Plans
A PPO is a type of insurance plan that offers flexibility and fairly comprehensive coverage in exchange for a higher monthly premium. With a PPO, the insurance companies have made arrangements with certain providers and hospitals. These preferred providers will provide care at a specific rate. While these providers are preferred, patients can still get care outside of this network and be covered to a certain extent.
Advantages and Disadvantages of a PPO
The advantage of a PPO is flexibility. It saves people money by making certain providers in-network, but it also allows patients to be seen by out-of-network providers. While you’ll pay more out-of-pocket with out-of-network providers, the PPO will still at least pay for some of the visits. This is especially important for travel or emergency-related care.
The main disadvantage of a PPO is the higher cost. The monthly premiums are generally high, as are the copays.
Summary
Medicare Advantage PPOs are flexible and comprehensive. While that flexibility is in exchange for a higher premium, it also offers more coverage for unforeseen circumstances. To learn more about whether a PPO plan is right for you, contact us at Modern Senior Benefits today.
