Medicare Part C Coverage:
Medicare Part C, or as its more commonly know as Medicare Advantage, covers not only the same coverage as Medicare Part A and Medicare Part B, but also addition coverage such as preventative dental, vision, and hearing.
Many popular Medicare Advantage plans, also include prescription drug coverage as well. These plans are referred to as MAPD’s or Medicare Advantage Prescription Drug Plans.
Unlike a Medicare Supplement, which fills the gaps of Parts A and B after Medicare pay claims, a Medicare Advantage plan actually administers your benefits.
Medicare Advantage Cost:
Medicare Advantage plans range from little to no premium depending on where you live. If you are wondering how a plan can be zero premium or such a low premium, view our video on Why are Medicare Advatnage Premiums so Low?
If you have a Medicare Advantage plan that includes Medicare Part D, (an MAPD as I mentioned earlier) then you do NOT need to obtain a stand along Part D.
Medicare Advantage Pros & Cons:
Most all Medicare Advantage plans are structured with co-pays when you visit a doctor or hospital provider. There are also different varieties of MA plans such as HMO, PPO, and PFFS which all pertain to provider networks.
In general, the most attractive thing about Medicare Advantage is the little to no monthly cost, inclusion of drug benefits, and addition of benefits such as Dental, Vision, and Hearing. If you have minimal trips to the doctor, and are in decent health, you can often save a lot of money compared to an employer plan or supplement.
Like anything, there is give and take. To get such low premiums and additional benefits, before you enroll, you should make sure your providers are in network, and sometimes an unexpected procedure or event, can be a burden or inconvenience in the form of a co-pay to the beneficiary.
Speak with a knowledgeable agent that will walk you through all of the pros and cons before making a decision.