Okay...so the owl delivery scene from Harry Potter has become your house. Mailers and flyers with shiny seniors smiling away about this or that Advantage plan.
That's no way to make such a great big decision about health of all things.
But...how do we compare the different Advantage plans in your area?
Really get to the important stuff and avoid all the bells and whistles used to "sell" you.
Glad you asked and judging by our Google Reviews, you're in good company.
We're going to give you the insider's guide to comparing the available Advantage plans with a focus on the biggest and strongest (we'll explain why below).
Keep in mind that that is not a comparison of ALL plans available to you. In fact, there can be specialized Advantage plans in your area along these lines:
See if the others pushing this or that plan do the same thing. Just one plan? Hmmmmm
Why do we focus on the 6 biggest carriers?
Advantage plans are HMO's (most of them) after all.
HMO's thrive with "big" by definition.
That's why it's hard to find successful HMOs in rural areas. Too sparse.
Here's the layout:
Why is this?
Advantage plans take a fixed pot of money and divvy it up for all the enrollees.
If you have 1 person that has huge medical bills out of 100, that's a problem. If you have that same person have a huge bill out of 1000 or better yet, 10,000....we're going to be okay.
Here's why this matters to you...
The more enrollees a carrier has in their Avantage plan, the more providers (doctors, hospitals, etc) they can generally attract. Again, the doctors need lots of clients to make this work for them too.
So..bigger enrollment leads to better networks and networks are one of two big considerations with Advantage plans (see the Trade-off between Advantage plans and Supplements).
Okay...big detour but it was important to explain to you why we're focusing on the big 6 above in California!
So...how do we compare our big 6 Advantage carriers?
Along these lines since the alternative is a medicare supplement generally:
Let's get started! You can get rates on all of these side by side by running quote here and make sure to enter your doctors and medications so the quote is personalized!
Most Advantage Plans are low or no cost. We can usually find multiple options (depending on the area) with the sweet spot:
The Out of pocket is the key! Don't fall for the sneaky bells and whistles on plans that have maxes much higher at $2K, $3K, and up to $8K.
Because a G plan supplement (the big alternative) runs around $1500-1800 annually (premium) for many people age 65 and it has very little out of pocket without the restrictions of Advantage plans.
Jot that down... "OOP under $1000". We'll use it when we run the quote.
Also, "Zero premium".
Again we explain this whole calculation at our How to Pick the Best Medicare Plan guide.
We can now compare the carrier options within this "Sweet Spot" for our area. That eliminates a bunch of different options and there should be multiple options.
Let's turn to what used to be a nightmare just a few years back.
Comparing networks between the big Advantage plan carriers doesn't matter as much now.
You can just enter your doctors and our free quoting system will automatically show you the plans that work with them!
This is revolutionary and saves so much time and hassle.
Just run your quote and enter your doctors/medications with this dropdown:
From that, a personalized quote with the plans who include your doctors will be sent to you!
Now we just zero in on the sweet spot (zero premium - under $1000 OOP) and we're half way there!
A few notes on networks:
Reach out to us with any questions on networks or to request the link to enter your chosen doctors for a personalize quote.
Let's turn to the other big consideration with Advantage plans (after networks).
We're using this term generically for "control" over medical decisions.
By definition, HMOs like Advantage plans will have more say-so in how care is handled. That's how they work to contain cost after all!
This may be through a series of different approaches:
It generally means jumping through a few more hoops for care but there can be a difference between carriers.
How on Earth do we compare the big 6 to account for this without actually being a member?
Hello Star Ratings!
Each plan has a consumer rating through Medicare which we reflect in our quoting system for you!
Our desire to tease out how they will handle care management is likely in category 3, 4, even 5.
Overall, if a plan is really strict on allowing care (too much), it's going to show up in the review and that gets updated every year!
It's our best way to compare if a carrier will strike a balance between care management and just good care!
Our quoting system will reflect the plan customer ratings so now we have three angles to compare the plans:
The "Triple Threat"!!:
The numbers are dwindling!
One last stop.
Like doctor searches, this used to be a real chore.
The "Formularies" or lists of drugs is different for EVERY carrier. How on Earth could we account for every possibility? We couldn't really. Not well.
Hello new shiny system!
When you run that quote, we'll send over a link for the doctors as mentioned above but ALSO your list of medications and dosages. All securely and private.
You can then run the quote for plans that work with your doctors and cover your medications!
It's about as good a comparison as we can get in the world of Advantage plans and it's zero cost to you!
Check out our Google reviews to see how we help people understand their options and always feel free to reach out with any question!
If you need to understand more about the whole market, check out these guide:
Just a warning before we wrap up. (sounds ominous).
You're going to get ambushed by a slew of different plans and it's going to sound too good.
The plans get the same amount from Medicare per employee per month. It's a fixed bucket.
Some have decided to structure plans so that you get lots of smaller benefits right away.. Vision. Dental. Richer benefits on smaller bills (RX and office, etc).
It's a fixed budget so this "richer" set of benefits have to come from somewhere!
Make sure to look at the MOOP (maximum out of pocket). That's usually where the rubber hammer is hiding and it can be to the tune of a few $1000/year.
The chance of big bills (10's of $1000, etc) goes up with every year of your life even if you're in perfect health. It's purely a probability or statistical game and the carriers know this.
Don't fall for it and more importantly, question why there's so much marketing around it. You don't spend marketing dollars on a money losing product!
We go the other way. We focus on the real reason for health insurance that the carriers know very well....the big bill! MOOP (Max out of pocket).
Start there with premium around zero (otherwise, why not just get a medicare supplement), layer on your medications and doctors, and then compare away!
The focus is on the biggest carriers by market share since they're most likely to have the biggest networks and that's a big concern with Advantage plans.
You're ready to compare away. Reach out to us with any questions and hopefully, we've earned your trust. Our services are 100% free to you. More important...
Call 800-320-6269 or email us at firstname.lastname@example.org
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact www.medicare.gov or 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 day a week to get information on all of your options.