Medicare Advantage Plans

Medicare Advantage Plans are a popular choice today in receiving your Medicare coverage, due to their costs and benefits enjoyed.

Medicare Advantage Plans, also called “Part C” are offered by Medicare-approved private insurance companies that must follow rules set by Medicare. Most Medicare Advantage Plans include drug coverage (Part D) and additional benefits at no extra cost. These plans also set a limit on what you’ll have to pay out-of-pocket each year for covered services.

Medicare Advantage Plans
• You’re still in the Medicare Program.
• You still have Medicare rights and protections.
• You still get complete Part A and Part B coverage through the plan. Some plans offer extra benefits that Original Medicare doesn’t cover – like vision, hearing, or dental.
• You can join a Medicare Advantage Plan even if you have a pre-existing condition.
• Your out-of-pocket costs may be lower in a Medicare Advantage Plan. Some Plans come with a zero premium and with some plans, doctor visits and preventative services are at a zero co-pay to help promote and support wellness.
• You can’t buy and don’t need a Medicare Supplement (Medigap).
• You can only join a plan when you have an enrollment period such as your Initial Enrollment Period (IEP) or Annual Enrollment Period (AEP) or Special Enrollment Periods (SEP). In most cases, you’re enrolled in a plan for a year unless you relocate.
• You can check with the plan before you get a service to find out if it’s covered and what your costs may be.
• Medicare Advantage Plans have a yearly limit on your out-of-pocket costs for medical services. Once you reach this limit, you’ll pay nothing for covered services. Each plan can have a different limit, and the limit can change each year. You should consider this when choosing a plan.