A Medicare PFFS Plan is a type of Medicare Advantage Plan (Part C) offered by a private insurance company. PFFS plans aren’t the same as Original Medicare or Medigap. The plan determines how much it will pay doctors, other health care providers, and hospitals, and how much you must pay when you get care. Yes – you can save money simply by paying the monthly premium for Part B and going directly to doctors and hospitals for your health care. You will not have to pay the Part B deductible, and you can continue to use Medicare prescription drug coverage. The main disadvantage of this approach is that if you ever have to enter a hospital or skilled nursing facility, you will have to pay up-front for the cost of your stay, which may be substantial. You would also have to pay your physician directly for any services you received while you were in the hospital or skilled nursing facility. Seniors save nearly $2,000 on average a year in total healthcare spending in Medicare Advantage (MA) compared to fee-for-service Medicare, a new study finds. Kevin Leinum – your local Medicare Expert – can help you understand the many parts of Medicare and determine what the right fit is for you. Give us a call to discuss the options available to you.
