Medicare Advantage insurance plans are Medicare-approved health plans offered by private companies. For an older adult, choosing between a Medicare Advantage plan and Original Medicare requires careful consideration. While choosing Original Medicare might seem easier and more practical, you could be missing out on some important benefits. So what are some of the reasons to select a Medicare Advantage plan?
The Pros of Choosing a Medicare Advantage Plan
With many different plans offering a range of benefits, it’s essential to assess your options before making a decision. Pay attention to the following factors when evaluating a Medicare Advantage plan.
Low Monthly Premiums
Medicare Advantage plans often have low monthly premiums, helping reduce upfront costs. In some cases, plans may even have no additional monthly premium to pay. You’ll still need to pay your Medicare Part B premium and any deductibles and copays, but the right plan can offer an affordable option.
Limits on Out-of-Pocket Costs
With a Medicare Advantage plan, you receive an annual out-of-pocket maximum limit. This cap provides essential financial protection from unexpected medical bills. Knowing the maximum you will pay for coinsurance, deductibles and other payments makes your healthcare costs more predictable.
The Same Foundational Benefits as Original Medicare
Medicare Advantage plans are required to offer the same coverage as Original Medicare. With this consistent coverage, you can be assured of receiving inpatient hospital care and common doctors’ services, regardless of the provider you choose. Being aware of this information helps when selecting the right Medicare plan.
Extensive Coverage Options
Many Medicare Advantage plans include additional coverage for dental, vision and hearing. For those who want essential services under one policy, this comprehensive coverage is a simple, convenient option.
Comprehensive Drug Coverage
Similarly, your plan will typically include Medicare Part D, thus allowing you to maintain your prescription drug coverage as part of a single plan. In contrast to Original Medicare, you will not need to purchase a separate plan.
Convenient Healthcare Planning
All-in-one healthcare management and planning allows you to stay on top of your medical needs and can make things easier. With Medicare Advantage, you receive one card to manage your hospital, medical and drug coverage.
Additional Health Programs
Shopping around for the best plans can reveal various health-related benefits that are available to you. For example, some providers offer gym memberships, wellness programs, telehealth services and other preventive health assistance.
Coordinated Healthcare
Health maintenance organizations (HMOs) and preferred provider organizations (PPOs) may have a network of providers that work together to manage your health. The best Medicare plans often have a primary care physician coordinating your care for positive outcomes.
Discover Affordable Medicare Advantage Plans in Georgia
At Affordable Medicare Solutions, we can find the right Medicare plan for you, including comprehensive coverage and added benefits. To learn more about Medicare Advantage plans, speak with the team at our Suwanee office. Call (770) 945-5261 for assistance or request a free quote today.
