Private Fee For Service
Private Fee For Service Plans
Medicare Advantage plans are offered by private insurance companies as an alternative to Original Medicare. These plans offer bonuses in exchange for an extra monthly premium. These bonuses could include things like vision insurance, dental coverage, and gym memberships, just to name a few. There are multiple types of Medicare Advantage plan types. Read on to learn more about how a Private Fee for Service Plan can work for you.
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Types of Medicare Advantage Plans
Just like any other private insurance option, there are multiple types of Medicare Advantage Plans. The six different types are:
- Health Maintenance Organization (HMO)
- Preferred Provider Organization (PPO)
- Private Fee-for-Service (PFFS)
- Special Needs Plans (SNPs)
- HMO Point-of-Service (HMOPOS)
- Medical Savings Account (MSA)
An excellent option for many people is a Private Fee-for Service (PFF) plan.
Benefits of a Private Fee for Service
This type of plan works by allowing the doctor and hospitals to make certain deals with the insurance company. They can set a fixed rate for how much the insurance company will reimburse the provider for different services. This may save certain patients money. However, it also limits the providers you are able to see as many providers do not accept this form of insurance. If you do not use the doctor often, this may be a plan that is beneficial for you.
Located in the Wichita, Kansas area, we can help you choose the best plan for you. To learn more about how to achieve financial freedom, contact us at Medicare With Jake today!
