Medicare Advantage (Medicare Part C) is the private health insurance alternative to the federally run original Medicare. Consider Advantage as a form of all-in-one Medicare plan that integrates several aspects of Medicare.
What is a Medicare Advantage Plan?
Another option for getting your Medicare Part A and Part B coverage is through Medicare Advantage Plans. Medicare-approved private businesses that are required to abide by the restrictions established by Medicare offer Medicare Advantage Plans, often known as "Part C" or "MA Plans."
You must enroll in Parts A and B and pay the Part B payment even if you choose a Medicare Advantage (or MA) plan. You will also need to select a Medicare Advantage plan and join a private insurance company.
Most Medicare Advantage Plans cover prescription drugs (Part D). Read the plan descriptions carefully because not all of these insurance policies include the same supplementary benefits.
Are you eligible for Medicare Advantage Plans?
You qualify for Medicare Advantage Plan (Medicare Part C) if you already have Medicare parts A and B and if you live in the service area of the Medicare Part C provider you are considering.
In 2021, people with end-stage renal disease (ESRD) were eligible to enroll in a broader range of Medicare Advantage plans due to a law passed by Congress.
How much does a Medicare Advantage Plan cost?
The cost of a Medicare Advantage Plan plan will depend on a variety of factors. The most common costs within your plan will be:
Your Part B monthly premium, which may be covered by your Part C plan
Your Medicare Part C costs, which include a deductible and monthly premiums
Your out-of-pocket costs, which include copayments and coinsurance
Already have Medicare Part C ? Switching is easy
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
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Sargent Insurance Agency
Also providing service throughout Camden, Helena – W. Helena, Maumelle, North Little Rock, and Pine Bluff areas. – Licensed in Alabama, Arkansas, Mississippi, Tennessee and Texas.
7107 West 12th St. Suite 103 Little Rock, AR 72204