Medicare Special Needs Plans (SNPs) are a specialized category within Medicare Advantage Plans, such as HMOs or PPOs, and are uniquely designed to cater to individuals with specific medical conditions, financial limitations, or living circumstances. SNPs tailor their benefits, provider networks, and prescription drug coverage to precisely meet the needs of these distinct groups.
Over time, these plans have gained popularity due to their comprehensive offerings, including enhanced medical coverage, prescription drugs, and additional benefits. And as healthcare needs progress and diversify, SNPs continue to play a pivotal role within Medicare Advantage, providing customized solutions to address the unique healthcare requirements of beneficiaries.
Today, over 4.6 million Medicare Advantage beneficiaries use SNP coverage. For health insurance agents and advisors, SNPs are a great option for qualifying clients who require tailored care.
- Does Your MA Client Qualify for a Special Needs Plan? - December 18, 2023