Medicare Advantage Plans Good or Bad?

When you enroll in a Medicare Advantage Plan you Opt. out of Medicare part A and B and enroll into Medicare Part C.  Medicare Advantage Plans are run by Private Insurance Companies and are subsidized by the Government.

Medicare Advantage Plans require you to use Doctors and Hospitals in their Network and only has to provide coverage up to what Original Medicare provides (Medically-necessary).  Medicare Advantage Plans may require referrals before you can see a Specialist.  Medicare Advantage Plans are Regional Plans, meaning if you travel outside of your coverage area you may be responsible for any medical claims.

Medicare Advantage plans in many cases may have lower monthly premiums than Original Medicare with a Medigap policy.  Unlike Medicare Supplement Plans, Medicare Advantage Plans are not guaranteed renewable.  Meaning, you can be dropped from the Plan at any time.

Most Medicare Advantage plans include prescription drug plans. Medicare Advantage Plans charge different premiums and have different costs of services, so it is important to check with the plan before you join.

Medicare Advantage Plans include:

Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Private Fee-for-Service (PFFS) Plans, Medicare Medical Savings Account (MSA) Plans, Medicare Special Needs Plans.

Other Medicare Health Plans.

There are some types of Medicare Health Plans that aren’t part of Medicare Advantage, but are still part of the Medicare Program.  With these Plans, you generally get all your Medicare-Covered Health Care through that Plan. Some Plans cover prescription drugs.

Here at CompareMedicareSupplements.org we focus on providing our clients with Medicare Supplement Policies at the best rates available. We do not offer Medicare Advantage Plans. Medicare Advantage Plans are approved by Medicare but will they be there for you in your time of need. When you enroll in a Medicare Advantage Plan you Opt. out of Medicare part A and B and enroll into Medicare Part C.  Medicare Advantage Plans are run by Private Insurance Companies and are subsidized by the Government. (Which Congress is currently trying to do away with or greatly reduce.)