Posted on December 6, 2022 by Larry Johnson
Posted on December 6, 2022 by Larry Johnson
Want to learn more about your eligibility for this new Medicare benefit? Speak with one of our licensed agents today to learn whether or not Medicare plans in your area offer this exciting new benefit.
It’s no secret that the Medicare Advantage program has always offered excellent benefits for qualifying beneficiaries. From the $144 Give Back benefit to the $900 Grocery benefit, Medicare Advantage plans can make life easier for beneficiaries who live on fixed incomes. While these benefits do a great deal of good, providers of Medicare Advantage plans are still constantly looking for ways to improve their offerings.
This is why, starting with 2023 Medicare plans, many insurance companies are combining crucial benefits into one easy-to-use debit card. This new Medicare bonus payment will offer up to $3300 in valuable assistance to beneficiaries who live in qualifying areas.
At MedicareInsurance.com, we developed the Benefits Breakdown series to help you learn more about the benefits available to you through the Medicare Advantage program. Today, we’re going to break down the new $3300 Medicare benefit.
Odds are good that, if you’re reading this article today, this is the first time you’ve heard of this exciting new benefit. It’s probably left you wondering, “What is the $3300 Medicare benefit?”
The $3300 Medicare benefit, referred to by some insurance companies as the Medicare bonus benefit or the Healthy Options allowance, is part of a new initiative to make many crucial Medicare Advantage benefits easier to use for beneficiaries. In essence, the new benefit combines previous Medicare benefits into one card. Some of the benefits combined into this new benefit include:
Instead of having two separate cards for groceries and over-the-counter medications and supplies, eligible beneficiaries can now receive a single flex card worth up to $3300 to cover:
It’s important to know that this new Medical assistance benefit will not be available with all plans. It’s also important to know that plans eligible for the new benefit are not offered in every state. In order to be eligible for the new benefit, you must first live in a state or area where Medicare Advantage plans carry the new benefit.
If you live in a state or area that offers such Medicare Advantage plans, you’ll need to research and compare to find a plan that offers a variation of the benefit that works for you. Some insurance companies may offer different versions of the new benefit that provide less fiscal assistance than others.
Once you’ve found a plan that meets your needs, you’ll either need to enroll (if you’re new to the Medicare program) or switch from your existing plan. If you’re new to Medicare, you can enroll in a plan that offers the new benefit during your Initial Enrollment Period. If you’re looking to switch your plan, you’ll need to wait until one of other enrollment periods, such as the Medicare Annual Enrollment Period, to do so, unless you qualify for a Special Enrollment Period.
Need extra help trying to determine your eligibility for the new benefit or compare plans that offer it? Our friendly licensed agents can help! Connect with a licensed agent at (800) 950-0608 to start learning more about Medicare plan options available in your zip code.
The new Medicare benefit can help you a great deal with finding healthy food the next time you visit the grocery store, especially if you’re on a fixed income or struggling financially in any other way. If you live in an area where the private health plans are offered that provide the benefit, search around to find one that works for you. This Medicare bonus payment may be a great way to mitigate healthcare costs if it’s available to you!
Our licensed agents at MedicareInsurance.com are always happy to help you find Medicare plans that meet your needs and budget. This includes helping you find plans in your area that offer the $3300 benefit.
I am 72. I live in Tallahassee, Florida and participate in a plan here, Capital Health. I do have a $400.00 allowance feature (annual). My plan costs me and my wife $58.00 a month, for the two of us. We each have had a major health situation and paid very little out of pocket. Would it pay to change to another plan to get a larger supplement; would there be larger premiums etc.
What insurance companies does flex card and transportation
To qualify for the majority of these benefits you need to also be Medicade approved.
Larry is a content writer with several years of experience in creating informative content for a variety of industries on topics that matter. He is a 2009 graduate of the University of North Carolina School of the Arts.