Medicare Misconception: “Medicare Advantage Plans Are Complicated” TopicsPopular TopicsMost Recent Medicare Working Past 65 Lifestyle & Wellness Considering Retirement Existing Clients Employer Monthly Webinars Community Development Medicare can be complex to understand. When it comes to Medicare Advantage (MA) plans, some may think, “Medicare Advantage plans are complicated and hard to understand.” Our client advisors are experts on this subject and are here to walk you through MA plans in a simple, easy-to-understand way. All-in-One Plan, Low Cost Approach Explained If you are looking for an all-inclusive plan, MA may be a good option for you. MA plans are offered by private insurance companies and include the same coverage offered by Original Medicare. MA plans also have additional benefits that Original Medicare does not cover. For example, Medicare Advantage with Prescription Drug Coverage (MAPD) combines medical and prescription drug coverage. Many of these plans have a low or $0 monthly premium. This makes it easier to keep track of your health care expenses. MA plans come with an out-of-pocket maximum that protects you from high medical expenses, since it caps the total annual amount you’ll be responsible to pay out of pocket for health care costs. Once you reach your out-of-pocket maximum, your MA plan will cover all other expenses for qualified medical costs. It’s important to note that an out-of-pocket maximum is not the same as a deductible. Copays Explained A copay, which is a fixed dollar amount that you pay each time you visit the doctor, is part of the MA plan structure. Medicare Supplement plans don’t have copays, but they have a monthly premium that increases annually. Many MA plans have a $0 premium and they allow you to pay copays as you use your plan versus paying a guaranteed premium. As mentioned, with an MA plan, you also have an out-of-pocket maximum which gives you a safety net for your health care spending. Benefits Explained MA plans include a variety of great built-in benefits. These benefits offer convenience and may include: Telehealth benefits Over-the-counter allowances Dental coverage Hearing coverage Vision coverage Fitness memberships Networks Explained Each MA plan has a list of specific doctors, hospitals, and providers that are considered “in-network.” Most MA plan networks are quite large and often include multiple hospital and provider systems across your state. Read more about MA plan networks in our recent blog post. How We Can Help Our client advisors are here to answer your questions about MA plans. If you want to learn more, reach out to us at 1-877-222-1942 or firstname.lastname@example.org Stay informed about Medicare An easy way to stay updated on Medicare and any important changes is to sign up for the free, customizable RetireMEDiQ newsletter. Based on your personal preferences and interests, helpful articles and community-related content will be sent directly to your inbox. Sign up for our newsletter Yes! Tell me more about Medicare and help me explore my options.Name First Email* Date of BirthMonth123456789101112Day12345678910111213141516171819202122232425262728293031Year2022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Phone*Phone TypeCellHomeWorkOtherAuthorization to Contact? Check here to receive text notifications from RetireMEDiQ Hiddenvidhidden EmailThis field is for validation purposes and should be left unchanged. Providing your information in this form will allow RetireMEDiQ to communicate with you to help guide you through your Medicare journey and authorize RetireMEDiQ to send you appointment updates, alerts, and reminders via SMS/text messaging. Message and data rates may apply to any text messages sent by RetireMEDiQ.