Why Medicare Advantage is the popular choice
Would you be surprised to know that in 2018, more than 35 percent of Medicare beneficiaries enrolled in a Medicare Advantage (Part C) plan?
What is Medicare Advantage?
Medicare Advantage plans offer a convenient way to bundle everything Medicare has to offer under one plan. While original Medicare (parts A and B) covers only hospital and medical insurance, Medicare Advantage plans can offer additional healthcare coverage, like coverage of prescription drugs, dental and vision services.
Many Medicare Advantage plans also offer extra plan perks, such as coverage of gym memberships and even transportation to and from medical appointments.
One of these factors might make Medicare Advantage a good option for you:
- If you need more coverage than what original Medicare has to offer, the additional benefits of a Medicare Advantage plan can help ensure your healthcare needs are being met.
- If a different plan structure, such as a Health Maintenance Organization (HMO) plan, Preferred Provider Organization (PPO) plan, or even Special Needs Plan (SNP), might better meet your financial or coverage needs.
- If you frequently require lab testing or rely on durable medical equipment, such as glucose monitoring for diabetes or a walker or wheelchair, research has suggested that Medicare Advantage plans can help you save money on these services.
However, the additional coverage and costs of Medicare Advantage plans aren’t for everyone. Something to consider before making the decision to enroll is that you can’t use a Medigap plan along with a Medicare Advantage plan to help lower the costs of your services — you can only have one or the other.
For further information on services in your area please call us at 817-952-3153.
Photo by Wellness Gallery Catalyst Foundation
