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 various premiums.
These plans are normally designed with copays and coinsurance throughout the plans as a form of cost sharing that the client would assume when joining one of these plans. Most plans may offer additional benefits at no additional cost to you.
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.
Premiums vary
You’re restricted to certain doctors in your network (unless it’s an emergency)
Plan premiums can change from year to year
Difficult to switch to Medigap later on
Plan benefits can change from year to year
You’re subject to high deductibles and co-pays that tend to range from $3,400-$6,700
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John Doe
Finance Manager
John Doe
Finance Manager
John Doe
Finance Manager
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