Medicare Advantage Plans

Medicare Advantage Plans

A Medicare Advantage Plan is one path to get additional coverage. These plans could cover additional services and have lower copayments and deductibles than you would get under the standard Part A and Part B coverage.

Medicare Advantage Plans are offered by private companies that contract with the federal government. Accordingly, you will have a number of options from which to choose, and you will need to find what works best for you. These plans will limit your out-of-pocket costs, giving you some financial certainty each year.

Medicare Advantage Options

There are four different primary types of Medicare Advantage Plans:

Make sure you know how your specific plan works because not all Medicare Advantage Plans are the same. At Your Medicare Partners, we help Missouri residents understand Medicare coverage and all of your options.

Frequently Asked Questions

Am I Eligible for a Medicare Advantage Plan?

There are very few limitations in general about who can join a Medicare Advantage Plan. As long as you are eligible for Medicare in general, you can sign up for the Medicare Advantage Plan during the applicable enrollment period. You should first check the geographic area of your plan because you cannot sign up for the plan if you are out of the service area. Other than that, you can rest assured in knowing that Medicare Advantage is one possible way to reduce your costs.

Are there out of pocket costs for a Medicare Advantage Plan?

With a Medicare Advantage Plan, everything depends on the option that you choose. You have a variety of different coverages available to you. The goal of these plans is to reduce your out-of-pocket costs from what you would pay if you had Original Medicare Part A and B. Chances are that you will have some out-of-pocket costs, but there are some options that can cut your share of your healthcare costs by quite a bit. Everything depends on the features of the plan that you choose.

Some factors that could impact your out-of-pocket costs include:

What Does a Medicare Advantage Plan Cover?

You can count on all of the coverage that you would receive under Original Medicare Part A and B in addition to a host of medical services that would not otherwise be covered. This includes things like vision and dental coverage. Some Medicare Advantage Plans include additional coverages to promote your health and wellness. They may even cover things like transportation to doctor’s offices and over-the-counter drugs. You should check the details of each individual plan and compare them before choosing. You may be surprised at the types of coverage you can get with a Medicare Advantage Plan.