Medicare Advantage plans offered by Martin's Point: Key Facts to Understand
Martin's Point Introduces Variety of Medicare Advantage Plans
Martin's Point, a not-for-profit healthcare company established in 1858, offers seven state-of-the-art healthcare facilities in Maine and New Hampshire. The company has expanded its Medicare Advantage plans over the years, currently providing five different types in both states.
The flagship plan, the Generations Advantage Prime (HMO-POS), is available throughout Maine and New Hampshire. This plan was first introduced to Maine residents in 2007 and later expanded to New Hampshire in 2013.
For those residing in certain counties of New Hampshire, the Generations Advantage Select (LPPO) plan is an option. This plan includes more choice of providers and is available alongside the Generations Advantage Access (LPPO) plan, which offers a $0 premium and Part D prescription drug coverage, exclusive to New Hampshire.
In Maine, the Generations Advantage Value Plus (HMO-POS) plan is another choice, with a $0 premium and Part D prescription drug coverage.
The Generations Advantage Alliance (HMO) plan offers in-network coverage and a variety of added benefits, but does not include Part D prescription drug coverage.
Costs Associated with Martin's Point Medicare Advantage Plans
With Martin's Point Generations Advantage Medicare Advantage plans, you pay an average premium of about $37 monthly plus the Medicare Part B premium of $185. You are also responsible for copays, coinsurance, and possibly small deductibles. It's worth noting that exact deductible amounts, copay rates, and coinsurance percentages vary by service and plan details, which are not specified here.
However, Medicare Advantage plans, including Martin's Point, commonly have a maximum limit on out-of-pocket costs annually, providing financial protection. The out-of-pocket limits for the Advantage Access (LPPO) plan in zip code 03301 are $4,990 (in-network) and $9,550 (combined in- and out-of-network). For the Advantage Value Plus (HMO-POS) plan in zip code 04019, the out-of-pocket limit is $6,350.
The Martin's Point Wellness Wallet
To support an active lifestyle for plan members, Martin's Point offers the Wellness Wallet. This allows a specific allowance for each plan that can help with the expenses of fitness and recreational gear, services, and fees. Some of the services and items that Wellness Wallet can help cover include gym membership fees, health subscriptions, fitness classes, footwear, hiking gear, and more.
Enrollment and Contact Information
Individuals can enroll in Martin's Point's Advantage plans online, in person, or by telephone at 877-243-7717.
[1] Medicare.gov [2] KFF.org [3] CMS.gov [5] Forbes.com
- Health organizations, such as Martin's Point, play a significant role in the health-and-wellness industry by offering Medicare Advantage plans, providing various options for seniors in Maine and New Hampshire.
- Finance is a crucial aspect of medicare, with individuals responsible for premiums, copays, coinsurance, and potential deductibles when enrolled in Medicare Advantage plans like those offered by Martin's Point.
- Businesses and science intersect in the healthcare sector, with companies like Martin's Point leveraging state-of-the-art facilities to deliver quality care and better medical-conditions management for their customers.
- To support the well-being of plan members, health-and-wellness initiatives are enacted, such as Martin's Point's Wellness Wallet program, which offers funds to cover fitness and recreational expenses.
