Since 1990, Medicare enrollees have had the choice to go beyond traditional Medicare coverage by signing up for a Medicare Advantage plan. By the end of 2015, there were roughly 17.6 million people enrolled in Medicare Advantage coverage. Medicare Advantage plans are managed healthcare programs administered by private health insurance companies to Medicare beneficiaries since 1990. These programs have grown following the signing of the Balanced Budget Act by the then President of United States; Bill Clinton.
Originally regarded as the Medicare Modernization Act of 2003, the plan allows beneficiaries to receive their Medicare benefits via a private health insurance plan and the health insurance carrier receive payments from the Medicare program to cover the medical costs.
With the Medicare Advantage plan, the basic Medicare Part A and B are automatically offered except for hospice services. The program also covers emergency and urgent care services, and in many instances, covers hearing, vision, dental coverage, wellness, and referral services.
Many insurance providers including InnovaCare Health offers distinctive approaches to Medicare Advantage plans. These includes a Preferred Provider Organization (PPO), a Special Needs Plan (SNP), a Health Maintenance Organization (HMO), a Private Fee-For-Service (PFFS), and Medical Savings Account (MSA).
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Additionally, a prescription drug coverage is also part of the Medicare Advantage program, except for the medical savings account (MSA). Having a prescription drug coverage is important because you may not purchase stand-alone Medicare Part D after signing up for an HMO or a PPO Medicare Advantage plan.
The Medicaid and Medicare Advantage plans offered by InnovaCare Health are the best there is in the United States. These healthcare plans are offered via two of the company’s divisions; PMC Medicare Choice and MMM Healthcare, both based in Puerto Rico. The two have a membership base of approximately 200,000 individuals, served by a network of roughly 7,500 hospitals and care centers.
InnovaCare Health is renowned for its provision of high-quality healthcare through the creation of cost-effective and sustainable models that are fully integrated with the best of today’s technology. In everything they do, the patient is always their most important concern. As such, they strive to coordinate quality and innovative care to patients across the United States.
Two successful leaders lead InnovaCare Health; Penelope Kokkinides and Rick Shinto. Penelope Kokkinides serves as the Chief Administrative Officer and is concerned with the overall management and strategic direction of the company’s care division. Rick Shinto is the Chief Executive Officer of the company, overseeing the overall management and operations of the company.
Read more about Penelope Kokkinides on bloomberg.com.
Learn more about InnovaCare Health: http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=225431891