What Is Medicare Advantage?
Medicare Advantage plans, also called Medicare Part C, are an all-in-one alternative to Original Medicare. Private companies approved by Medicare offer you MA plans. These companies must meet the specific guidelines set by Medicare to offer coverage. MA plans provide you with the Medicare benefits of Part A (hospital) and Part B (medical). You also have the option of joining an MA Plan that includes Medicare Part D prescription drugs. Some Medicare Advantage plans offer fitness programs access, vision, hearing and dental services.
How to Get Medicare Advantage Coverage
To get Medicare Advantage coverage, you can enroll:
The year you turn 65
Three months prior to your 65th birthday
The month of your 65th birthday
For three months after your 65th birthday
During the Medicare Annual Enrollment Period, every year from Oct 15 – Dec. 7
Why Choose an MA Plan?
What are the pros and cons of Medicare Advantage programs? Quite often, these plans provide qualified individuals with access to more benefits and features than what Original Medicare offers. They may also provide more extensive coverage that extends beyond Original Medicare, providing access to doctors, treatment centers and specialists that you may want to see or are already seeing and don’t want to lose. Because they offer more services, MA plans may cost a bit more. How much depends on what you select. (That’s another benefit: MA plans are very flexible.)
Medicare Advantage Plans include:
Low premiums that may fit well within your budget
Personalized plan structures to meet your specific goals with your care
Managed network of providers coordinated for you, taking the hassle out of the process
Access to extra benefits that Original Medicare does not offer
There are some other things to keep in mind, as well:
These plans operate on an annual contract system, which means costs and benefits may change from year to year.
Some providers may be out of network, making them more expensive to use.
Options differ in each state, which may matter for those moving or traveling often.
Some MA Plans do not include Part D coverage