Medicare Advantage, also known as part C, is the part of the Medicare system that provides coverage of certain services not covered by standard Parts A and B. Medicare advantage is crucial if you need more than what original Medicare offers.
Medicare Advantage covers some basic services offered under original Medicare. Some of these include the following:
Medicare advantage normally covers inpatient care says. If you are subscribed to Medicare advantage and admitted to the hospital, your coverage must cater to all services, including general nursing care, meals, semi-private room, and medication administered. Since private hospitals offer this plan, it is upon the insurance company to decide whether the plan cover beyond what original Medicare provides.
Another benefit of enrolling in Medicare part C is that most plans offer prescription coverage for inpatient and outpatient care. Even better, some plans come with a specialty tier for the most costly prescriptions.
Medicare part C covers some outpatient services, including preventive ones. It also covers ambulance services, clinical research, mental health, and more.
Medicare advantage also offer you dental and vision perks, which original Medicare does not cover. Depending on your chosen plan, Medicare can cover tooth extractions, cleanings, fillings, and dentures, among others.
Covered vision benefits may include eye examinations, contact lenses, and glasses. Other plans also cover hearing aids. However, each plan has specific rules for determining what is covered and whether you demand a referral before receiving the services.
Some Medicare advantages provide non-medical perks such as;
- Fall prevention aids
- Assistance with the purchase of healthy foods
- Allowance towards over-the-counter stuff
- Help with utility costs
Benefits Of Medicare Advantage Plans
Medicare advantage plan hosts many benefits beyond expedience and value for money. Some of them include the following:
Caters to All Benefits of Medicare A and B Plans, Without Purchasing Supplemental Insurance. It also offers additional benefits and discounts on health-related problems
It comes with lower costs than the original Medicare: All your plans are bundled under one coverage. If you are legible, Medicare advantage can help you pay for premiums (subsidies).
The cost may vary depending on the plan you prefer. Some plans will cover a part of your Medicare B monthly premium. But, some of this coverage comes with their deductibles.
That said, finding a Medicare part C plan that fits your budget and mostly caps your pocket costs is easier. You will pay nothing for the rest of the year if you reach the cap.
Reviewing your coverage requirements when applying for Medicare part C is vital. If your original Medicare is not enough, you might consider Medicare part C.
How To Enroll In A Medicare Advantage Plan
To join a Medicare part C plan, you need to qualify for original Medicare. Original Medicare is usually available to those over the age of 65. But it is also available to younger disabled persons.
You must also be enrolled in Medicare A and B. Plus, you need not have end-stage renal disease.
Finally, you must live in the service area covered by the plan. Thankfully, the Medicare advantage plan is available to all USA residents.
When To Enroll?
It is always a good idea to review your plan during open enrollment as this can help you from overpaying your benefits. Here is when you can enroll:
The session allows users to join Medicare advantage three months before their 65th birthday. But enrollment is also available three months after their birthday
Fall enrollment starts from 15th October to 7th December. The plan you select within this period is effective until 1st January.
This enrollment is based on your situation.
Opens from 1st January to 31st March.
Do You Need A Medicare Advantage Plan?
A medical advantage plan is optional. However, the Medicare advantage plan is the best way to go if you want more than basic hospital insurance.
If you are satisfied with your current medical coverage but interested in receiving prescription drugs, Medicare part c might be your best option.
Factors To Consider When Choosing A Medicare Advantage Plan
It is crucial to understand some considerations when choosing a Medicare Advantage plan. Some of these include:
- The monthly payment.
- The cost of average. This includes coinsurance, deductibles, and copays.
- If the plan formula covers your medication.
- The additional services offered.
- Any treatment you may demand, the plan does not cover that.