Medicare Advantage

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 various premiums. These plans are normally designed with copays and coinsurance throughout the plans as a form of cost share that the client would assume when joining one of these plans. Most plans may offer additional benefits at no additional cost to you.

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) as well as emergency and urgent care
• Most plans also include prescription drug coverage
• Your eligibility isn’t affected by health or financial status
• Many plans may cover additional benefits.
• Premiums vary

Medicare Advantage Down Side:

• You’re restricted to certain 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

What kind of plans can I choose from?

Click the button below to learn more about Medicare Advantage Plans.