The Advantages of Medicare Advantage Plans

Medicare Advantage plans are health insurance plans offered by private insurance companies. There are two primary types of plans: Medicare Advantage and Medicare Advantage with Prescription Drug Coverage. These plans are convenient and offer a wide range of extra benefits.

These plans include the same coverage offered by Original Medicare—the advantage is found in the all-in-one approach for meeting the needs of Medicare beneficiaries with a single plan and extra benefits. Plus, the right Medicare Advantage plan can lower your costs!

If you’d like to sign up for Medicare Advantage but still aren’t sure about everything it has to offer, we’re here to help.

Medicare Advantage Plan Networks

Medicare Advantage plans work the same way as an HMO or PPO plan that you may have experienced while on employer-provided health insurance. The plan’s network includes a specific set of providers and hospitals that are considered “in-network.” Medicare Advantage with Prescription Drug plans will note the pharmacies that are considered in-network, too.

Most Medicare Advantage plan networks are quite large and often include multiple hospital and provider systems.

While it’s true that a Medicare Advantage plan can change its list of doctors and physicians considered in-network at any time throughout the year, all plans must ensure you don’t experience interruptions in medical care and must make sure you have sufficient access to care. 

How the ‘One-Plan Approach’ Can Work for You

Medicare Advantage plans help you better manage your costs by offering consistent copays, capped annual out-of-pocket expenses, and stable low or $0 premiums.

These plans also include extra benefits that continue to drive more people to enroll. In addition to large networks and low premiums, these plans generally offer lifestyle benefits such as:

  • Dental, vision, and hearing
  • Grocery gift cards
  • Allowances for over-the-counter products
  • Telehealth
  • Fitness programs

You can enjoy these benefits and more with a Medicare Advantage plan. Medicare Advantage combines all of these perks, plus medical and prescription drug coverage, into a single plan. You will have just one low or $0 premium payment, and one insurance card. This makes it easier for you to keep track of your health care expenses.

Cincinnati and Dayton Medicare Guidance

Ready to switch to Medicare Advantage? Reach out to us! We’re happy to discuss your needs and help you determine if this plan type is right for you. Current clients can call us at 1-866-557-1313 or schedule a call now.  

If you’re looking for information about how to sign up for Medicare for the first time, schedule a call with an advisor today. We look forward to helping you!

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