What Is A Medicare Advantage Plan?
Medicare Advantage plans, or Medicare Part C, are comprehensive plans that include the same benefits of Medicare Parts A and B plus additional coverage. That’s important if you need more than what Original Medicare provides.
Medicare Advantage Benefits
Medicare Advantage plans may include:
- Routine dental care including X-rays, exams, and dentures
- Vision care including glasses and contacts
- Hearing care including testing and hearing aids
- Wellness programs and fitness center memberships
What Does Medicare Advantage Cost?
The costs of Medicare Advantage (Part C) plans vary depending on where you live. Some plans have $0 premiums. On average, your monthly premiums will usually be lower than what you pay for Medicare Part B. You also receive more coverage, including both Medicare Parts A and B, plus many extra benefits you won't receive with Original Medicare. It’s always best to compare Medicare Advantage costs when selecting a plan.
Does Medicare Advantage Cover Prescription Drugs?
Medicare Part C plans cover Part A and Part B, and many also include prescription drug coverage (also known as Medicare Part D) and other benefits not available with Original Medicare.
Drug Coverage Comparison
When comparing plans with prescription drug coverage, consider:
- Costs, including premiums, copays, and coinsurance.
- Coverage gap, which begins after you and your plan have spent a certain amount for covered drugs.
- What drugs are covered, including prescription medications that you currently need and use.
What Is The Best Medicare Advantage Plan For Me?
When reviewing plans, you should compare:
- Plan types (HMO, PPO, Special Needs Plans)
- Monthly premiums
- Doctors and hospitals in your plan network
- Out-of-pocket costs
- Prescription drug lists
- Additional benefits like dental, vision, and hearing
Medicare Advantage Plan Comparison
The chart below will help you understand some of the differences between our Medicare Advantage HMO, Medicare Advantage PPO, and Special Needs Plans.