Medicare Misconception: “Medicare Advantage plans have limited networks”
It’s no secret that Medicare Advantage (MA) plans get better each year. In fact, MA plans are the leading plan choice for almost half of all Medicare beneficiaries because of their rich benefits and ample coverage.
Do Medicare Advantage plans have limited networks?
If you aren’t enrolled in a Medicare Advantage plan, you may have some questions or hesitations when it comes to this type of plan.
If you’ve ever thought or heard, “Medicare Advantage plans have limited networks,” our advisors at RetireMed want to give you a better understanding of the MA plan provider and hospital networks.
Flashback: How MA Plan Provider and Hospital Networks Used to Be
Years ago, MA plan provider and hospital networks were somewhat small and limited. Individuals on this type of plan sometimes found it difficult to find preferred doctors covered by their plan.
Additionally, doctors and hospitals would drop in and out of networks frequently, causing inconsistency. Because of this, many people found MA plans to be unstable and unreliable.
Today: Strong Provider and Hospital Networks
MA plan provider and hospital networks have changed substantially in recent years, and now offer much more stability and many more options than in the past. While there are still some limitations, networks have grown considerably and are stronger than ever.
For example, if you live in Ohio, most MA plans allow you the flexibility to visit well-known hospitals such as the Cleveland Clinic and The Ohio State University hospitals, including the James Cancer Center, no matter where in Ohio you reside.
Reach out to our advisors.
RetireMed offers a variety of Medicare Advantage plans to meet your needs. The first step in learning more about the MA plans we offer is reaching out to us so we can answer any questions you may have. Additionally, during Medicare’s Annual Enrollment Period (Oct. 15 to Dec. 7), RetireMed clients can review their plan with a client advisor and make changes to their plan.
If you’re a RetireMed client and would like to learn more, contact us at 877.222.1942 or client@retiremed.com.
Not a RetireMed client? Contact us at 937.915.3563 or advice@retiremed.com for trusted guidance in Medicare!
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