What’s the most popular Medicare Advantage network choice for seniors in New York City?
Medicare Advantage (or Part C) is an increasingly popular program that’s purchased from a private insurance company. In this plan, your loved one gets all the benefits of Medicare Parts A and B along with perks like vision, dental, and prescription drug coverage. With Part C, your loved one will be limited to the providers within a certain network. However, it’s an attractive option because it often means lower out-of-pocket costs. Here are the most popular private insurance companies chosen by NYC residents:
Largest Medicare Advantage plans in New York by number of covered seniors
- Aetna
- EmblemHealth
- Excellus BlueCross BlueShield
- Healthfirst
- UnitedHealthcare
Medicare Part C continues to increase in popularity, but that doesn’t mean it’s right for your elder. When you work with a health insurance broker in New York City, they’ll be able to guide your loved one toward the best decision for them, whether that’s choosing a network with Plan C or enrolling in original Medicare Parts A and B. A New York City Medicare broker can also help them to decide if supplements like prescription drug coverage through Plan D or Medigap coverage through Plan G are necessary.
How much should seniors in New York City and across the country expect to spend out-of-pocket each year?
The exact answer to this question depends on the plan you build. Most people choose original Medicare: Part A for hospital insurance and Part B for medical insurance. Both of these options are run by the government. Parts A and B cover many expenses related to healthcare, but there are some things that will have to be paid for out-of-pocket, including premiums on Medicare supplements or a portion of services like medical supplies, prescription drugs, and others. This can add up: the average total out-of-pocket spend for Medicare beneficiaries is over $5000:
You want to cover all your loved one’s bases, but you want to avoid overpaying for things they don’t need. Medicare brokers in New York City can help you and your loved one figure out a plan that minimizes out-of-pocket costs and maximizes the type of benefits they will use, like adding on Plan D to help with the costs of prescriptions or a Medigap supplement (Plan G) that picks up some of the cost of copayments, coinsurance, and deductibles.
Where can I find reliable health insurance and Medicare brokers in New York?
Seasons is a perfect place to start, especially if your loved one insists they can still handle their insurance independently. Our comprehensive guide to finding a health insurance broker or Medicare broker is a great place to get in-depth information on approaching the subject, finding a reputable broker, and getting your loved one the coverage they need.
To make sure that the New York City Medicare broker your loved one plans to use is knowledgeable, check to see if they have a New York health insurance license. This is publicly available information that you can access with a simple Google search. You’ll also want to look for an independent broker as opposed to a captive agent – an independent Medicare broker in New York City will offer more options. And of course, avoid any broker who uses pressure tactics, talks about plans you haven’t asked about, or asks for private banking information.
New York City’s most knowledgeable health insurance and Medicare brokers
As a caregiver, you want to make sure that your senior is going to have access to healthcare that’s sufficient and accommodating to their mental and emotional needs. Our free New York City Medicare resources are a great place to start. Working with a trustworthy insurance broker can make a world of difference when it comes to finding your loved one the right coverage. Begin your search for a health insurance broker in New York City today with help from Seasons.