The Pros and Cons of Medicare Advantage Plans
What are Medicare Advantage Plans? What are the pros of enrolling in a Medicare Advantage Plan? What are the cons of enrolling in a Medicare Advantage Plan? Which type of plan is right for you – Original Medicare or a Medicare Advantage Plan? What are Medicare Advantage Plans? Medicare Advantage Plans, also known as Part C, are health plans offered by private insurance companies that contract with Medicare. Medicare Advantage Plans cover all Part A and Part B benefits, and often offer additional coverage, such as prescription drugs, routine vision, and dental. There are many pros to enrolling in a Medicare Advantage Plan. For example, you may have lower out-of-pocket costs, and you may have the opportunity to receive extra benefits not covered by Original Medicare. However, there are also some cons to consider before enrolling in a Medicare Advantage Plan. For example, you may have less flexibility in choosing your doctors and providers, and you may be required to stay within the plan’s network. Before making a decision about whether or not to enroll in a Medicare Advantage Plan, it’s important to do your research and weigh the pros and cons carefully.