The Medicare Advantage Plan is continuously growing, and it now has a large role in the Medicare program. Last year, over 31% of US Medicare beneficiaries enrolled in Medicare Advantage Plans. It grew in popularity, and now, Medical Advantage is considered by some companies to be the catalyst in the Medicare Program evolution over the past few years. But what is Medicare Advantage?
What Is Medicare Advantage?
Medicare Advantage or “Medicare Part C” is a Medicare Plan provided by private companies. It covers both Hospital Insurance (Part A) and Medical Insurance (Part B). and usually includes other benefits. Some of the included services are prescription drug coverage, vision and dental coverage, and sometimes gym coverage.
There are different types of Medicare Advantage Plans, and here are some common types of it:
Why Is It So Popular?
More than half of the Medicare Advantage enrollees pay no premium, and it is one of the main reasons it is so popular. It also has more benefits that aren’t covered by traditional Medicare, such as dental care, fitness benefits, and eye exams that are usually needed by beneficiaries. Besides, these plans can be customized to treat some specific conditions.
Efficiency, flexibility, and cost are what people usually looked for, and with that, Medicare Advantage plays its role. Still, plans are changing and evolving as time passes; that’s why to make sure to understand what the program is before joining.
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2/16/2021 11:52:09 am
Thanks for explaining that you can use provided hospitals to pay less under a PPO Medicare Advantage Plan. I want to help my aunt research her options for Medicare coverage since she'll be eligible this summer. Your article explained a lot of relevant Medicare terms in a clear way, so I appreciate you taking the time to share this info!
5/28/2021 07:02:15 am
I want to make sure that I get insured properly. It makes sense that getting the right Medicare supplement plan would be important! I'll be sure to work about a professional to help me out with this.
5/31/2021 06:23:30 pm
I liked it when you shared that Medicare Advantage can be customized to treat some specific conditions of the individuals enrolled in it. My friend just mentioned the other day that she is thinking of getting a health plan for his mother who keeps on falling sick lately due to her old age. I will suggest to her getting her mother Medicare Advantage plan from a reliable provider.
5/31/2021 06:23:54 pm
I like that this post advised us that when looking to have health insurance, it is important for us to consider hiring an agent. It makes sense as they will be able to advise us accordingly. I will definitely keep this information in mind when I look for an insurance agent.
I like that you pointed out that Medicare Advantage is more popular because its coverage is more than the traditional one. With the pandemic ongoing and other illnesses sprouting, it is important to have more coverage if ever you catch any health issues. So it would be beneficial for our finances and our health if we really invest in this kind of plan or coverage.
9/30/2021 11:26:20 pm
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7/22/2022 10:25:42 pm
Thanks for pointing out that Medicare plans would be able to cover the hospital insurance and the medical as well together with other benefits. I should opt for this when I look for a coverage for myself now that I will be a senior in a decade's time. Doing so will give me the assurance that my kids will not have issues financially with the bills that I might need when I get ill.
2/10/2023 03:35:39 am
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