What is a Medicare Advantage?
Medicare Advantage, also known as Medicare Part C, is a plan provided by private insurance companies with the help from subsidies provided by the government so that the insurance company can design network-based plans at a low or zero premium.
These plans are generally designed with copays and coinsurance throughout the plans due to the client's cost-share when joining one of these plans. Most plans will include additional benefits at no extra cost to you, such as dental, vision, and hearing benefits, as an example.
So let's take a closer look at Medicare Advantage Plans.
Medicare Advantage Upside:
• It’s convenient to have a single plan for everything.
• The plan covers everything traditional Medicare covers (hospital insurance and medical insurance) and emergency and urgent care.
• Many plans also cover dental care, eyeglasses, and wellness programs.
• Most plans also include prescription drug coverage.
• Your eligibility isn’t affected by health or financial status.
• Premiums are low
Medicare Advantage Down Side:
• You’re restricted to specific doctors in your network (unless it’s an emergency)
• Plan premiums can change from year to year
• Difficult to switch to Medigap later on
• Plan benefits can change from year to year
• You’re subject to high deductibles and co-pays that tend to range from $3,400-$6,700
See Which Plans Are In Your Area Today
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
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