Most people who have Medicare insurance get their medical advantages from Original Medicare. However, nearly one-third of beneficiaries decide to get their health coverage from a Medicare Advantage Plan. Providers of Medicare Advantage Plans enter a contract with the state government, and they are awarded a fixed amount of money per person to offer Medicare benefits. The most common plans include:
– Health Maintenance Organizations
– Private Fee-For-Services
– Preferred Provider Organizations
Once an individual registers for Medicare Advantage Plan, she or he is obliged to pay a Part B premium and sometimes Part A premium on a monthly basis. The plan provides extra coverage such as vision, dental, hearing, as well as health & wellness programs. In 2016, most individuals pay a total of $104.90 per month as Part B premium. People who are in need of services that are categorized as medically unnecessary must pay all the costs associated with the service. Requesting for a written coverage decision before paying the premium is an ideal strategy for acquiring services that the provider considers unnecessary.
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Facts about InnovaCare
InnovaCare Health is a trusted provider of physician practice services and Medicare Advantage plans. The company uses advanced technology to develop sustainable and budget-friendly models. The Puerto Rico-based firm runs two Medicare Advantage plans: PMC Medicare Choice and MMM Healthcare. The two plans have approximately 200,000 members who enjoy services from a network of over 7,500 providers. It also operates two Medicare plans within Puerto Rico’s Government Health Plan, providing a broad range of medical advantages via a coordinated care model.
In the fast-changing and diverse healthcare sector, InnovaCare strives to maintain quality and groundbreaking care to patients in North America. Through constant research and Innovation, the firm addresses the unique needs of patients and meets the challenges the current healthcare system faces. InnovaCare has a team of veteran executives who are responsible for overseeing daily operations and long-term growth plans of the firm.
Dr. Rick Shinto is at the top of InnovaCare, Inc.’s leadership. He serves as the CEO and President of the company. He has an experienced of over 20 years in the specialty of operational and clinical healthcare. He has been in charge of several healthcare companies including Aveta Inc., NAMM California, MedPartners, and California-based Cal Optima Health Plan. Shinto works closely with Penelope Kokkinides, who is the Chief Administrative Officer. Kokkinides joined InnovaCare, Inc. in 2015 and served briefly as the COO before being promoted to her current position. Read more on Biz Journals about Penelope Kokkinides.
Learn more about InnovaCare Health: https://www.crunchbase.com/organization/innovacare-health