Medicare Advantage Plans
Medicare Advantage Plans (Part C), are an alternative to Original Medicare. Instead of having Medicare benefits administered through the government-run program, beneficiaries can choose to get their coverage through a Medicare Advantage plan, available through private insurance companies that contract with Medicare.
To get a Medicare Advantage plan, you must have Part A and Part B, live in the service area of the plan, and not have end-stage renal disease.
By law, all Medicare Advantage plans must provide at least the same level of coverage as Original Medicare. Most plans include prescription drug coverage. Some plans offer to cover additional benefits, such hearing, routine vision and dental, or health wellness programs.
Most important: Remember, I’m a well trained insurance broker, my job is to make it easy for you to get what you need. My service to you costs nothing. Insurance carriers that I’m appointed to pay me a commission when I help people like you sign up.
Many people are surprised to find that Medicare covers only 80% of Part B expenses. Medicare has no cap on the 20% coinsurance you are required to pay. A serious illness can be financially difficult.
Medicare Supplements, also called Medigap Plans, are private insurance policies that help you pay for your share of Original Medicare expenses.
Advantages of Medicare Supplement policies:
- Nationwide coverage – access to care anywhere in the United States
- Freedom to choose your own doctors and hospitals
- No referrals required to see a specialist, you have direct access
- No network constraints, because there is no network
- No pre-existing condition limitations
- Guaranteed renewable
- No change in coverage when a member relocates anywhere within the USA
- Electronic claims pass over for A and B so members do not need to submit claims.
- Some plans cover services that Original Medicare does not cover, such as medical coverage when you travel outside the U.S.
Supplements are medically underwritten, unless it is Open Enrollment or Guaranteed Issue.
Medicare published information booklet: Choosing a Medigap Policy
Reminder: I’m a well trained insurance broker, my job is to make it easy for you to get what you need. My service to you costs nothing. Insurance carriers that I’m appointed to pay me a commission when I help people like you sign up.