May 20, 2022
What You Need to Know About Medicare Advantage
Who can join a Medicare Advantage plan?To join a Medicare Advantage plan you must:
Have Part A and Part B.
Live in the plan’s service area…..
Original Medicare includes Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). If you want drug coverage, you can join a separate Medicare drug plan (Part D). Medicare Advantage is an “all in one” alternative to Original Medicare. These “bundled” plans offer extra benefits Original Medicare doesn’t cover–like vision, hearing, dental, and more.
Medigap is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs.
The Initial Enrollment Period is a 7-month period when someone is first eligible for Medicare. For those eligible due to age, this period begins 3 months before they turn 65, includes the month they turn 65, and ends 3 months after they turn 65.
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To talk to someone about your Medicare coverage needs click hereWho can join a Medicare Advantage plan?To join a Medicare Advantage plan you must:
Have Part A and Part B.
Live in the plan’s service area…..
Certain doctors and other health care providers who don’t want to work with the Medicare program may “opt out” of Medicare…..
Most Medicare Advantage Plans offer coverage for things Original Medicare doesn’t cover such as: fitness programs (like gym memberships or discounts) and some vision, hearing, and dental services…….
If you didn’t get automatically enrolled in premium-free Part A (for example, because you’re still working and not yet getting Social Security or Railroad Retirement Board (RRB) benefits)……
You can only enroll in Part B (and/or Part A if you have to buy it) during these enrollment periods…..
FAQs
When you have other insurance (like group health plan, retiree health, or Medicaid coverage) and Medicare, there are rules for whether Medicare or your other coverage pays first….
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