Everything You Need to Know About Medicare Advantage

What is Medicare Advantage? How does it work? What are the benefits of Medicare Advantage? What are the drawbacks of Medicare Advantage? Is Medicare Advantage right for you? Medicare Advantage is a type of health insurance that is offered by private companies contracted by Medicare. These plans combine Part A and Part B coverage, and often Part D as well, into one plan. Many Medicare Advantage plans also offer extra benefits not covered by Original Medicare, such as dental, vision, and prescription drug coverage. How does it work? Medicare Advantage plans must cover all of the services that Original Medicare covers except for hospice care. You will still have to pay your Medicare Part B premium, and some plans may have additional premiums, copayments, or deductibles. What are the benefits of Medicare Advantage? The main benefit of enrolling in a Medicare Advantage plan is that you can get all of your Medicare coverage in one place. These plans can potentially save you money on out-of-pocket costs, and they often offer extra benefits not covered by Original Medicare.