Exploring the Advantages of Medicare Advantage Plans

If you’re on Medicare and looking for supplemental insurance, you may be considering a Medicare Advantage plan. This is an option that pays your medical bills in exchange for monthly premiums. In this article, we’ll discuss how Advantage plans work and what they offer over Original Medicare.

Medicare Advantage plans are private insurance plans that pay your medical bills in exchange for monthly premiums.

Medicare Advantage plans are private insurance plans that pay your medical bills in exchange for monthly premiums. They’re available to people with Medicare and offer a variety of benefits, such as coverage for prescription drugs and preventive care.

  • Private Insurance Plans

Medicare Advantage plans are not free; you have to pay a monthly premium in order to enroll in one of these programs. The amount depends on factors like where you live and the plan itself, but they tend to be higher than what traditional Medicare pays out-of-pocket costs (though lower than other types of supplemental insurance).

You can use the same doctors and hospitals you’re used to using with an Advantage plan.

Medicare Advantage plans are offered by private insurance companies, so they work just like other health insurance plans do: You pay for your doctor visits, prescription drugs, diagnostic tests and other medical services through your monthly premium. When you visit a doctor or hospital that accepts Medicare (and many do), there are no additional costs to pay out of pocket beyond what you already pay each month for your Advantage plan coverage. And if one of those providers doesn’t accept Medicare payments? Your plan should cover it anyway!

In addition to being able to see any physician who takes Medicare patients–and vice versa–you also have access to all specialists within the network of doctors that make up your specific Advantage plan’s provider network (i.e., doctors who are part of Blue Cross Blue Shield).

Advantage plans are covered by Medicare and offer more benefits than Original Medicare.

Advantage plans are covered by Medicare and offer more benefits than Original Medicare. Advantage plans provide more benefits than Original Medicare, including prescription drugs, vision, dental and hearing aids. For example, the following services are not covered under the original program but are available to you as a member of an Advantage Plan:

  • Prescription Drugs & Supplies – You can get help paying for your prescriptions through the drug coverage provided by your plan. You may also be able to get free samples or discounts on brand-name drugs at participating pharmacies if you’re eligible for low-income assistance through Medicare Part D (prescription drug coverage). This is true even if they’re not part of your health plan network (i.e., they don’t belong in any one particular network). If you have questions about whether or not something will be covered by another insurance company separately from your health plan provider itself then check out this link here: https://www3a3bcom/healthinsurancecoverage/. This website lists all possible health providers used throughout America so that no matter where someone lives they’ll always have access!

Some Advantage plans have drug coverage, but others do not.

If you need prescription drug coverage, choose a plan that covers your medications and then make sure that you continue to take those same medications throughout the year.

If you want to switch to a different Advantage plan at any time during the year because of changes in your health or financial situation, Medicare will automatically pay for all out-of-pocket costs associated with making this change.
If you have chronic illness, such as diabetes or heart disease, you may want to choose an MA plan that covers prescription medications.

If you have chronic illness, such as diabetes or heart disease, you may want to choose an MA plan that covers prescription medications.

 

Medicare Advantage plans may cover prescription drugs in the same way Original Medicare does–or they might not. Some types of MA plans have higher deductibles than Original Medicare; others have lower premiums and out-of-pocket limits.*

  • These figures are based on data from the Centers for Medicare & Medicaid Services (CMS) as of April 2019. The information is subject to change at any time without notice by CMS.*

You can switch from Original Medicare to an MA plan at any time during the year.

If you’re enrolled in an MA plan and you want to switch to Original Medicare, you’ll need to fill out a form called the Request for Change in Medicare Advantage Plan or Medicare Cost Plan (SCM-1). Your doctor should be able to help with this process. You also have the option of switching from one MA plan to another during open enrollment or when switching from Original Medicare if there are no gaps in coverage.

If you want more information on how to switch from an MA plan back into Original Medicare, please contact us today!

Some Advantage plans have out-of-pocket caps, which limit your yearly expenses for covered services.

Some Advantage plans have out-of-pocket caps, which limit your yearly expenses for covered services. If you reach the cap, you do not have to pay any more out-of-pocket costs. The amount of the cap varies by plan and may be different in each state.

Some Advantage plans also offer special benefits such as dental care or vision coverage in addition to medical coverage.

Medicare Advantage plans offer better coverage than Original Medicare

Medicare Advantage plans are private insurance plans that pay your medical bills in exchange for monthly premiums. They have lower deductibles and out-of-pocket costs than Original Medicare, as well as more comprehensive coverage.

Medicare Advantage plans may also offer extra benefits like dental or vision coverage, prescription drug coverage, or gym memberships at no additional cost to you. If you have Medicare Part D (prescription drug) coverage through an MA plan, it’s important to remember that these two forms of insurance are separate: You’ll need separate prescriptions filled by different pharmacies if you want both types at once!

Conclusion

We hope you’ve found this guide helpful as you consider your Medicare options. If you have any questions about Advantage plans or other types of health insurance, please contact Moser Insurance Group Inc. We’re happy to help!

Your peace of mind is our priority.

Speak with a professional today.

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