The Medicare Part C, also known as the Medicare Advantage helps people with Original Medicare plan to benefit in different ways. These MA plans are offered by the private insurance companies with affiliation to Medicare and they provide cover to the same level as the Medicare (A and B) provide. However, there is no simple answer about the best plan, as it varies on different key points and personal lifestyle. The MA plan may have many pros that most people find attractive yet it might not be the best plan suited for them. Let’s look at some of these key features of MA plans.
PREMIUM FOR THE MEDICARE ADVANTAGE CAN BE AS LOW AS $0
The Medicare Advantage policy might cost you less than other plans. If you go for the MA plan, then you have to pay the Part B of your Medicare and you may or may not pay for the additional premium. This is determined by the policy insurer which can vary depending on the plans you’re opting for. The premium for Medicare Advantage plan can sometimes be as low as $0. In Original Medicare, your expenses can be limitless as they do not provide a cap on out-of-pocket expenses. Whereas in the Medicare Advantage plan put a limit to you’re out-of-pocket expenses. So if you cross that cap, then you pay nothing for the remainder of the year.
THE MEDICARE ADVANTAGE PLAN MAY HAVE MORE BENEFITS THAN THE ORIGINAL MEDICARE
The Medicare Advantage plans can have the added benefit along with the Original Medicare Part A and Part B coverage. These benefits may include prescription drug coverage, fitness centre membership, routine vision care, dental care and hearing aid coverage.
THE MEDICARE ADVANTAGE PLAN PROVIDE A COORDINATED CARE
The Medicare Advantage plans are the network of contracted health care providers that have managed care. The plan may include medication therapy management if it has prescription drug coverage. This coordinated care can be a valuable aid to your health.
MA PLANS CAN BE ONE STOP FOR ALL YOUR HEALTH AND PART-D COVERAGE
The Medicare Advantage can be used as one solution to all your medical and Part D prescription drug coverage. As it also has the added benefits like dental, vision and hearing coverage, it is always convenient to work with the one plan administrator. A licensed expert can help you with the selection of your Medicare option that is available where you live.