Medicare is a federal health insurance program that provides major health coverage to millions of senior citizens and people with disabilities. Although this is a public health program, people who qualify for the program do have the option to seek Medicare coverage through private health insurance companies. These plans are made available through Part C of Medicare, which is also called Medicare Advantage.
If you are eligible for Medicare but not sure whether Medicare Advantage is right for you, learning about the benefits of Medicare Advantage may be helpful for you.
What is Medicare Advantage
Medicare Advantage is the private health insurance component of the Medicare program. Rather than receiving the typical public health benefits featured in Original Medicare, Medicare Advantage members have their benefits administered by a private insurance company. Although the benefits are similar, Medicare Advantage typically offers a wider variety of coverage options that would not be available through Original Medicare.
Medicare Advantage Benefits
People typically choose Medicare Advantage because they want to have their benefits offered through a single plan. With Original Medicare, you need to manage your Part A, Part B, and Part D benefits separately. With Advantage, all of your coverage is managed through a single plan. This can be quite convenient, as it makes managing your insurance plan far easier.
Medicare Advantage also offers additional benefits that may not be available through Original Medicare. For example, many Medicare Advantage plans offer extra benefits like dental, vision, and hearing coverage. You can also get valuable benefits like meal delivery and health club memberships through your Advantage plan.
How Much Does Medicare Advantage Cost?
Medicare Advantage has the potential to be either more expensive or less expensive than Original Medicare. How much the plan costs depends on which plan you choose to enroll in. There are several factors that play into the cost as well, such as the benefits offered and your preferred out-of-pocket costs. To get help finding an Advantage plan that fits in your budget, speak to an insurance agent today.
Better Insurance Management
Finding a Medicare Advantage plan may sound simple, but for many it can be overwhelming. If you or a loved one need help selecting a plan, get support from Better Insurance Management. Our team of professional insurance agents will guide you through the process of selecting a qualifying plan.
