Medicare Advantage, also known as Medicare Part C, is a way to receive your Medicare benefits through a private insurance company that contracts with Medicare. These plans often combine medical and prescription drug coverage, and may include additional benefits.
Why consider a Medicare Advantage plan?
For many people, the combination of lower premiums, bundled benefits, and an annual out-of-pocket maximum makes Medicare Advantage worth considering. The right answer depends on your preferred doctors, health needs, prescription medications, and comfort with a provider network.
What can Medicare Advantage include?
- Medical coverage through an HMO, PPO, or other plan type.
- Part D prescription drug coverage in most plans.
- Dental, vision, hearing, and fitness benefits that vary by plan.
- An annual out-of-pocket maximum for covered medical services.
Plan types: HMO, PPO, PFFS, and SNP
Network rules and costs vary by plan type. An HMO generally focuses on in-network providers, while a PPO can offer more flexibility at a different cost structure. A licensed agent can help you compare the options available in your county.
Medicare plan availability, provider networks, benefits, and costs vary by county and change annually. Confirm current plan details before enrolling.