Medicare Advantage
Medicare Advantage
- An option for receiving your Medicare coverage through a private insurer.
- Combines Part A hospital and Part B medical coverage together into one plan. Many Medicare Advantage plans often include Part D drug coverage as well, offering an all-in-one option.
- Typically includes extra benefits not covered by Original Medicare.
- Offers predictable costs and a firm limit on what you pay out-of-pocket for covered medical expenses each year.
- Plans typically have a network of contracted providers.
- Some plans may give you the ability to use out-of-network providers for the same copay as providers in the plan’s network, while other plans allow out-of-network visits but at a higher cost.
- You must continue to pay your Part B premium.
- Depending on the plan, you may pay a separate monthly premium to a private insurance company.
