How Medicare Advantage Works

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Here at Jeannie Pierce Insurance Agency, we want to help you get the health coverage that best suits your needs. For many people, the best option for their situation is a Medicare Advantage plan. In this article, we’ll provide a brief overview of how Medicare Advantage works so that you can decide if this option is right for you.

How Medicare Advantage Works

The Difference Between Medicare and Medicare Advantage

First, we’ll explain the difference between Original Medicare and Medicare Advantage. While Original Medicare is provided through the government, Medicare Advantage plans are sold through private insurance companies. The companies in question have signed a contract to provide the same services as Original Medicare, and some offer additional options such as dental, vision, hearing, and prescription drug coverage as well.

What Does Medicare Advantage Cover?

As we mentioned above, Medicare Advantage plans are required to cover the same things as the original version does, namely hospital insurance, medical insurance, and prescription drug coverage. Hospital insurance covers short-term care at a hospital or skilled-nursing facility, as well as limited home health services and hospice. Medical insurance covers doctor visits, diagnostic services, preventative treatments, mental healthcare, and medical equipment.

What Does Medicare Advantage Cost?

Medicare Advantage plans do have some costs associated with them. In most cases, you will have to pay a premium on Medicare part B services (doctor visits, treatments, etc.), as well as a copayment for any services rendered. The specific amounts will vary depending on the specific plan, so if you want to get the best deal, it’s a good idea to consult an insurance expert.