Many people are confused by Medicare and the coverage it provides. Plus, with optional Medicare coverage, many people are unsure what exactly they need. Here at Medicare Sharks, a Medicare broker, our agents take the bite out of Medicare by helping you find the best Medicare insurance plan(s) for you. Learn four things you need to know about Medicare Advantage plans, and schedule a free consultation today!
4 Things You Need To Know About Medicare Advantage Plans
Medicare Advantage Plans Cover Everything that Medicare Part A & Part B Cover
This is one of the biggest misconceptions about Medicare Advantage plans. Medicare Advantage plans are another way to get your Medicare Part A and Part B coverage. Sometimes called Part C, Medicare Advantage plans are private companies approved by Medicare, and they must follow the rules of Medicare, too. Thus, you are not losing anything, only gaining, with Medicare Advantage plans.
Medicare Advantage Plans Offer Additional Coverage
The reason many people choose Medicare Advantage plans over regular Medicare Part A and Part B coverage is because they often offer many extra benefits. One of the most common extra benefits is the coverage of prescription drugs. Some Medicare Advantage plans also may cover routine health visits, including hearing, dental, and vision.
Medicare Advantage Plans Have Out-of-Pocket Maximums
For many people, this benefit puts their hearts at ease. Medical costs only increase every year, so the fact that Medicare Advantage Plans have a cap on how much you will pay out-of-pocket for medical expenses can be a relief to many. This helps you to know you won't get socked with a huge medical bill if something major occurs.
Many Medicare Advantage Plans Have Networks
A network is a group of doctors, hospitals, and medical professionals who agree to provide medical services to members at a lower rate. However, you can still see other medical professionals at your discretion, just for an additional cost. For the most part, all of your medical expenses, including those for out-of-network providers, apply towards your out-of-pocket maximum.
PARTNER WITH MEDICARE SHARKS TODAY
We hope the above article has helped demystify Medicare Advantage plans for you. That being said, there is still a lot to know with many intricacies to work out. Our Medicare agents are here for you. Our mission is to help educate you on the different types of Medicare and their coverage so that you can choose the right plan to fit your medical and financial needs. Our trusted team stays up-to-date on all of the annual changes to Medicare in order to keep you informed. We can answer all of your questions and offer suggestions on which Medicare plan is right for you. To get started, simply call and schedule a free consultation with one of our friendly best-rated Medicare agents today!