Medicare SELECT plans require insureds to use which providers in exchange for lower premiums?

• A. Preferred Providers
• B. Out-of-Network Providers
• C. All Providers
• D. No Providers Required

Answer: (A)

Medicare SELECT plans lower premiums by tying benefits to a network of providers. You agree to receive covered services from the plan’s preferred providers, whose contracted rates help keep costs down. Staying in-network allows you to enjoy those reduced costs and the lower premium. If you use providers outside the network, you’ll typically pay more out of pocket or may not have coverage, which is why the plan is designed around using preferred providers. This fits best with the idea of lower premiums in exchange for network use.