Everything You Need to Know About Medicare Advantage
What is Medicare Advantage? How does Medicare Advantage work? What are the benefits of Medicare Advantage? What are the drawbacks of Medicare Advantage? Is Medicare Advantage right for me? What is Medicare Advantage? Medicare Advantage is a health insurance plan that is approved by the federal government. This type of plan provides coverage for Medicare beneficiaries through private health insurance companies. These plans are required to offer at least the same level of coverage as Original Medicare, Part A and Part B, but some plans may offer additional benefits, such as prescription drug coverage or routine dental and vision care. How does Medicare Advantage work? Medicare Advantage plans contract with the Centers for Medicare and Medicaid Services (CMS) to provide Medicare benefits to enrollees. The plans receive a set amount of money each month from CMS to cover the cost of medical services for enrollees. What are the benefits of Medicare Advantage? The main benefit of enrolling in a Medicare Advantage plan is that it can provide enrollees with comprehensive coverage, including both medical and prescription drug benefits, in one plan.