What is a Medicare Advantage?

Medicare Advantage, also known as Medicare Part C, is a health insurance option offered by private insurance companies in collaboration with government subsidies. These plans are designed to provide network-based coverage at a low or zero premium, ensuring accessibility for a wide range of beneficiaries.

Medicare Advantage Plans are structured with copays and coinsurance, creating a cost-sharing model that individuals assume upon enrollment. In addition to covering traditional Medicare components such as hospital and medical insurance, these plans often incorporate additional benefits at no extra cost. Examples of these supplementary benefits include dental, vision, and hearing coverage, enhancing the overall value of the plan. 

When considering Medicare Part C Plans it's crucial to be aware of the Medicare Part C cost, ensuring a comprehensive understanding of the financial aspects associated with these plans.

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

  • Many plans also cover dental care, eyeglasses, and wellness programs

  • Most plans also include prescription drug coverage

  • Your eligibility isn’t affected by health or financial status

  • Premiums are low

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?

When considering Medicare Advantage Plans, it's essential to understand the variety of plans available and their associated benefits. Medicare Advantage providers offering these plans can differ, so it's crucial to explore options that align with your healthcare needs and preferences. 

Exploring the available plans will help you make an informed decision about the Medicare Advantage Plan that best suits your individual requirements.

See Which Plans Are In Your Area Today

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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800 MEDICARE to get information on all of your options.