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Medicare Advantage (MA Plans) 

Medicare Advantage (MA), also known as Medicare Part C, is a healthcare program that provides additional benefits and coverage options beyond traditional Medicare. These plans are offered by private insurance companies that contract with Medicare and offer a range of services, such as prescription drug coverage, vision and dental care, and wellness programs. In addition, MA plans can offer lower out-of-pocket costs and extra benefits, like gym memberships or transportation services. To enroll in an MA plan, you must be enrolled in Medicare Parts A and B and live in the plan's service area. Enrollment periods are limited, so it's important to carefully review the plan's benefits, costs, and network of providers before choosing a plan. By doing so, you can select the MA plan that best meets your healthcare needs.

Is a Medicare Advantage plan a good choice for you?

Choosing a healthcare plan can be overwhelming, especially when it comes to Medicare Advantage (MA) plans. While MA plans offer additional benefits and coverage options beyond traditional Medicare, they may not be the best choice for everyone. So, is an MA plan a good choice for you?

The answer depends on your individual healthcare needs and preferences. If you're looking for a plan with extra benefits, like prescription drug coverage, vision and dental care, and wellness programs, then an MA plan may be a good fit. Additionally, MA plans often have lower out-of-pocket costs than traditional Medicare, which can make them a more affordable option for individuals on a fixed income.

However, MA plans also come with some limitations. These plans typically have a network of providers, which means you may not have access to all the doctors or hospitals you want. Additionally, some MA plans require referrals to see specialists or have restrictions on coverage for out-of-network care.

Ultimately, the decision to enroll in an MA plan should be based on your healthcare needs and priorities. If you value additional benefits and lower out-of-pocket costs, then an MA plan may be a good choice for you. However, if you have specific healthcare providers you want to see or want the flexibility to choose your own doctors, then traditional Medicare may be a better fit. It's important to carefully review all your options and compare the costs and benefits before making a decision.

 Work with a licensed agent

     for smart insurance choices.

How do you get a Medicare Advantage plan.

Anyone who is enrolled in original Medicare Part A & Part B, has an opportunity to enroll in a plan that fits their healthcare needs. The availability of MA plans has grown nationwide over the last decade or so. That means that no matter where you live in the U.S, there is most likely at least a few insurance companies at a minimum, that offer Medicare Advantage options.  

Just remember, there are only certain windows of time that you can enroll in a MA plan. The first being whenever you're getting ready to turn age 65, or secondly when you are retiring and leaving an employer group health plan. 

Once you are enrolled in a Medicare Advantage plan you'll have the opportunity to review and change your current coverage to a different plan. This occur in the Medicare Annual Enrollment Period (AEP) each and every fall. 

Is Medicare Advantage the same as Supplemental Medicare Insurance?

No it is not! 

It's important to have a clear understanding between what the coverage options are for Medicare. We have so many clients who have been on Medicare for years and still call in and say I want to talk about my supplement insurance, when in fact they have an Advantage plan, or vice versa. A Medicare Advantage plan is offered by private insurance companies that contract with the Federal Government to provide an alternative option to traditional Medicare. A Medicare Supplemental insurance policy is also offered by private insurance companies, but it is designed to fill in the gaps in traditional Medicare.  

Medicare can be confusing for most. We want to help you navigate the many options available to you, so please call us directly at (800) 405-4802 and chat with our insurance advisors for help.

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