Medicare Advantage plans are a type of Medicare health insurance plan that gives you additional benefits beyond what’s offered by traditional Medicare. They can be a good option if you have certain medical conditions and want extra coverage. So it’s important to learn how they work before deciding if they’re right for you.
A Type Of Health Insurance That Can Help You Save Money
If you’re eligible for Medicare, you might be thinking about how to save money on your medical costs. If so, then you may be wondering if a Medicare Advantage Plan is right for you. This article will explain what Medicare Advantage plans are, what they offer and how they work.
Overview Of Medicare Advantage Plans
Medicare Advantage plans are offered by private insurance companies and approved by Medicare. They provide all of the benefits covered under Original Medicare Parts A and B, but they also offer additional benefits that are not covered by traditional Medicare. These plans include vision care, dental coverage and prescription drug coverage at no additional cost to the consumer.
The Benefits Of A Medicare Advantage Plan
The Medicare Advantage Plans have many benefits that make them attractive to seniors who want to get more out of their health insurance coverage than just basic medical coverage. Below are some examples of these benefits:
- Dental Coverage – Most plans include dental coverage for free or at a low cost (which is usually less than $50 per year). However, some plans do not offer this benefit at all so it’s important to ask before enrolling in one!
- Vision Care – Some plans also offer vision care coverage. This can be a good thing if you don’t already have vision insurance through your employer or other private provider. However, if you already have coverage through your employer, then you may not want to pay for the same benefits twice!
How Much Do Medicare Advantage Plans Cost?
Medicare Advantage plans are a form of health insurance offered by private insurers to people who are eligible for Medicare. The government sets the maximum cost that insurers can charge, but other than that, they can charge whatever they want.
The average price of a Medicare Advantage plan in 2019 is $41 per month, according to data from the Kaiser Family Foundation. This means that you could pay more or less than this amount depending on the plan you choose and where you live.
The price of a Medicare Advantage plan does not include any prescription drug coverage or any supplemental benefits (such as dental or vision care). You will need to pay for those separately.
Conclusion
Good for you for wanting to stay informed about your options. Knowing the basics about Medicare Advantage plans can help you feel more prepared when comparing them with traditional Medicare in the future. With all this information, we hope that you’ll feel better prepared to choose the best plan for your needs and lifestyle.