Medicare Advantage
What is Medicare Advantage?
Medicare Advantage, often referred to as Medicare Part C, is an alternative way to receive Medicare. It combines the coverage of traditional Medicare (Part A and Part B) into a single plan provided by private insurance companies approved by Medicare. Here's a brief outline how Medicare Advantage plan work:
Network-Based Care: Medicare Advantage plans often use a network of healthcare providers, like health maintenance organizations (HMOs) or preferred provider organizations (PPOs). You may need to choose healthcare providers within the plan's network or pay higher costs for out-of-network care.
Cost Variability: The cost structure for Medicare Advantage plans can vary, with some plans offering low or zero premiums, but they may have copayments or coinsurance for services. Different plans have different costs, so it's essential to compare options to find the one that suits your budget and healthcare needs.
Annual Changes: Medicare Advantage plans can change their benefits, costs, and network providers each year, so it's advisable to review your plan annually to ensure it continues to meet your needs.
Prescription Drug Coverage: Many Medicare Advantage plans include prescription drug coverage, simplifying the process of obtaining and paying for medications. These plans are known as "Medicare Advantage Prescription Drug Plans" or MAPDs.
Additional Benefits: Some Medicare Advantage plans may offer supplemental benefits like wellness programs, gym memberships, dental, vision, hearing, Over-the-Counter, groceries and home healthcare services.
Contact Us for Assistance
We are an independent insurance agency representing multiple carriers in several states. We
specialize in Supplements, Advantage Plans, and Part D coverage.
We are a one-stop shop for your Medicare insurance needs. Contact us today to discuss your options.
