A Medicare Advantage Plan, also known as Medicare Part C, can help pay for costs not covered by original Medicare. Additionally, a Medicare Advantage Plan can provide many benefits that traditional Medicare doesn’t, such as coverage for prescription drugs, eyeglasses, hearing aids, and dental services. By selecting the right Medicare Advantage Plan for your personal healthcare needs, you’ll ensure you have appropriate coverage and affordable premiums.
When choosing a Medicare Advantage Plan, the three main criteria include the plan type, benefits, and costs. Medicare Advantage plans include HMOs, PPOs, and PFFSs. Rules regarding your provider network represent the main difference between plan types.
Another consideration when choosing a Medicare Advantage Plan is the benefits. Medicare Advantage Plans pay for Medicare Part A and Part B Medicare costs and usually provide co-payments for services not included in original Medicare. Some of the most common Medicare Advantage Plan benefits to consider when selecting a plan include the following.
The final consideration when choosing a Medicare Advantage Plan is the costs. Some policies offer $0 premiums and often include Medicare Part D (prescription drug coverage). However, individuals are still responsible for paying Medicare Part B premiums, unless paid for by Medicaid or third-party coverage.
Individuals may enroll in Medicare Advantage Plans during the initial enrollment (IEP) or annual enrollment periods (AEP). The IEP is when an individual first becomes eligible for Medicare, or during the first three months after their 65th birthday. The AEP takes place from October 15 until December 7.
To learn more about Medicare Advantage Plan Enrollment contact the professionals at (844) 374-1950. Our licensed insurance experts will be happy to answer any questions you have.