7 Things to Watch Out for With Medicare Advantage Plans
What is a Medicare Advantage Plan? What are the different types of Medicare Advantage Plans? What are some things to watch out for with Medicare Advantage Plans? What are some tips for choosing a Medicare Advantage Plan? What are some common mistakes people make with Medicare Advantage Plans? A Medicare Advantage Plan is a type of health insurance offered by a private company that has a contract with Medicare. Advantage Plans must offer at least the same coverage as Original Medicare, Part A and Part B, but many plans offer additional coverage, such as prescription drugs, routine dental, vision, and hearing. There are several different types of Advantage Plans, including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-for-Service (PFFS) Plans, Special Needs Plans (SNPs), and Medicare Medical Savings Accounts (MSAs). When choosing a Medicare Advantage Plan, it is important to consider things like whether your doctor or other health care providers accept the plan, what services and benefits are covered, and what the costs will be.