What is a Medicare Advantage?
Medicare Advantage, also known as Medicare Part C, is a plan provided by private insurance companies with the help from subsidies provided by the government so that the insurance company can design network based plans at a various premiums.
These plans are normally designed with copays and coinsurance throughout the plans as a form of cost share that the client would assume when joining one of these plans. Most plans may offer additional benefits at no additional cost to you.
So let's take a closer look at Medicare Advantage Plans.
Medicare Advantage Upside:
It’s convenient to have a single plan for everything
The plan covers everything traditional Medicare covers (hospital insurance and medical insurance) as well as emergency and urgent care
Most plans also include prescription drug coverage
Your eligibility isn’t affected by health or financial status
Many plans may cover additional benefits.
Medicare Advantage Down Side:
What kind of plans can I choose from?
See Which Plans Are In Your Area Today