Medicare Advantage is a U.S. health insurance program. The program is made up of parts A and B, which represent distinct rights and benefits. Part A caters for in-patient services including those offered by surgeons and physicians. There is a slight difference with part B Medicare Advantage as this package offers payments to both surgeons and physicians on top of other medically necessary outpatient services. Unlike Original Medicare which is processed through Medicare and Medicaid Services, Medicare Advantage is processed through commercial insurance companies.
History and overview
For more than five decades, Medicare has been offering support to beneficiaries through private health plans, which work as an alternative to Original Medicare. Those who enroll for a Medicare Advantage plan receive a certain monthly payment submitted through a bidding process. The Medicare Advantage plan also comes with a benefits package that covers all things that Medicare caters for, but in different ways.
Plans that demand high out-of-pocket costs can offer lowered copayments like doctor visits. The overall out-of-pocket limit for all Medicare plans should be nothing more than $6,700 annually and once this maximum is attained, the individual should receive 100 percent services with no further liability for the remaining period of time.
InnovaCare: Redefining managed healthcare services
InnovaCare is a premier provider of Medicare and Medicaid Advantage plans that are aimed at enhancing sustainability and cost-effectiveness. The system is fully-integrated with modern technologies and serves thousands of members. InnovaCare holds patients as their most valuable asset, reason the company has remained strong and relevant in the market for many years.
InnovaCare works through two avenues, which include Medicare Advantage Programs and Provider Networks. This helps to increase choices among patients and allows for streamlined access to services in various areas. InnovaCare also establishes sustainable models that are well coordinated and driven by the need to achieve quality. The company has also maintained a strong relationship with both patients and providers, thereby enhancing quality of life and offering healthier outcomes. InnovaCare Health practices are steered by quality care, efficiency and leading physicians.
* Dr. Richard Shinto, M.D., MBA
Dr. Rick Shinto is the current Chief Executive Officer and President of InnovaCare. He boasts of prior experience in the industry as he also worked as the CEO of Aveta Inc., from 2008 to 2012. He continues to lead InnovaCare Health Plans in Puerto Rico.
* Penelope Kokkinides
Penelope Kokkinides is the current Chief Administrative Officer of InnovCare. Before rejoining the company in June 2015, she had served as the CEO of InnovaCare Inc. She enjoys more than 20 years experience in the healthcare sector and most of her accomplishments have been through the enhancement of provision of quality healthcare services and products.
Visit openminds.com for more information about InnovaCare Health.