Option 2 for your Medicare enrollment, a Medicare Advantage Plan (like an HMO or PPO) provides another way to get your Medicare coverage. Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by Medicare-approved private companies that must follow rules set by Medicare. If you join a Medicare Advantage Plan, you’ll still have Medicare but you’ll get your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage from the Medicare Advantage Plan, not Original Medicare. You’ll generally get your services from a plan’s network of providers. Remember, in most cases, you must use the card from your Medicare Advantage Plan to get your Medicare-covered services.
Most Medicare Advantage Plans offer extra coverage, like vision, hearing, dental, and other health and wellness programs. Most include Medicare prescription drug coverage (Part D). But be careful, each Medicare Advantage Plan can charge different out-of-pocket costs and have different rules for how you get services (like whether you need a referral to see a specialist or if you have to go to doctors, facilities, or suppliers that belong to the plan’s network for non-emergency or non-urgent care). In addition to your Part B premium, you might have to pay a monthly premium for the Medicare Advantage Plan. (information found on p.55-57 Medicare & You 2019)
Medicare Advantage Plans offer a lot of value to you, but you must be educated on all aspects to make an informed decision.
Schedule your Medicare Education with one of our licensed agents today to find out which plan is best for you!