All About Medicare Advantage Plan: Definition And Benefits!
It is understandable if you are a bit confused about choosing the right Medicare plan as there are quite a lot of options to choose from. Most of you might be aware of Original Medicare that includes Medicare Part A (hospital coverage) and Medicare Part B (medical coverage). But what you might not be familiar with is another option that transcends what Original Medicare offers, and that is a Medicare Advantage plan. To make you understand what a Medicare Advantage plan is, we will talk about it in detail and let you know some of its benefits.
What is a Medicare Advantage plan?
A Medicare Advantage plan, which is also called Medicare Part C or an MA plan, tends to take the place of your Original Medicare coverage. Apart from providing the benefits of the Original Medicare plan, it also provides various other benefits as well, offering more comprehensive and advantageous healthcare coverage for you.
Many of you might also be clueless about how the Medicare Advantage plans work. Well, the coverage is offered by private insurance companies that are approved by Medicare itself. Once you become a member of the plan, you are expected to pay the amount to the private insurance company directly. After that, they would work with Medicare and make sure that your coverage is handled effectively.
Now that you know about the Medicare Advantage plan, let’s take a look at some of the significant benefits associated with choosing this plan.
- Convenience:
Since a Medicare Advantage plan lets you choose your own benefits through a private insurance provider, you tend to have the convenience of a single plan and a one-stop shop for all of your medical coverage. - Familiarity:
If you are someone who has been on an employer health insurance plan, then a Medicare Advantage plan in Phoenix or wherever you reside works in a similar and comparable way as well. You would be able to understand your health insurance plan in a better way because it tends to work just like employer-provided health insurance plans. You are bound to notice coinsurance, deductibles, physician networks, and various other elements that you are used to with health insurance. - Benefits coverage:
As mentioned earlier, a Medicare Advantage plan tends to cover every single benefit that Medicare Part A and Medicare Part B offer. Apart from those benefits, many plans also include hearing, vision, prescription drugs, and dental benefits along with fitness programs too. All in all, it would be safe to come to the conclusion that a Medicare Advantage plan tends to provide more comprehensive and complete healthcare coverage while keeping you protected in case of an unexpected injury or illness.
These were some of the benefits associated with choosing a Medicare Advantage plan over Medicare Plan A or Plan B. So, now that you are familiar with what Medicare Advantage plan is and how is it more beneficial, you should find a reliable provider and reap the benefits of this plan.
