About Wellcare No Premium HMO 2022
For over 20 years, Wellcare has been providing Medicare Advantage plans that offer more than just the medical coverage offered by Original Medicare. Today, the company is owned by Centene Corporation and services more than 26 million members in all 50 states.
Wellcare offers competitive HMO plans, PPO plans and D-SNPs, many with additional benefits such as dental, hearing, vision coverage, transportation, acupuncture, chiropractic services and more. The company also offers Private Fee-for-Service (PFFS) plans in select areas of the country that have a set rate for what they will pay hospitals and doctors for services with a copay or coinsurance.
Costs under Wellcare’s Medicare Advantage plans vary by state and region, but are generally lower than those of other popular insurance companies like Aetna and UnitedHealthcare. One benefit that could make these plans attractive is their low out-of-pocket maximums in about 35% of counties where they are offered, which limits the amount you pay out-of-pocket on medical care in a given year.
Choosing the right Medicare Advantage plan can help you avoid high out-of-pocket costs for hospital and medical care, as well as prescription drugs. To do this, start by reviewing the drug formulary that a Medicare Advantage plan offers to determine which ones cover your medications at a low cost.
In addition, review the plan’s provider network to ensure you’re receiving coverage from in-network providers. Having a good network can mean lower out-of-pocket costs and faster access to your doctors, specialists and other health care providers.