Medicare Advantage is known as the “all in one” alternative to the traditional Medicare plan, Original Medicare.
With Medicare Advantage, all of your benefits are bundled together. You can receive Part A hospital insurance, Part B medical insurance, and Part D prescription drug coverage all through a single plan. Additionally, Medicare Advantage plans may include supplemental benefits that help make health care services more affordable.
These extra benefits may include:
If you are considering joining a Medicare Advantage plan, here are some reasons why that would be a good choice:
When you join a Medicare Advantage plan, you are still required to pay your Part A and Part B Medicare premiums. If you qualify for premium-free Part A, you’ll only need to pay the Part B premium. In addition to those premiums, you may also be required to pay the plan’s premium. Though, some plans have no additional premium. In some cases, Medicare Advantage plans may even help you cover your Part B premiums.
With Medicare Advantage, there is also an annual limit on how much you pay out-of-pocket for Part A and Part B covered services. Once that limit is met, there are no out-of-pocket costs to be paid for such services.