Maybe you’ve heard about Medicare Advantage plans in the past but are not quite sure about how they differ from traditional Medicare. You’re not alone. Medicare and all it’s parts (A,B,C,D) cause confusion for a lot of Americans. However, it looks like people are educating themselves more and more about their different options for Medicare. This is evident in the growing number of seniors purchasing Advantage plans.
Medicare Advantage plans are offered by private health insurance companies that contract with Medicare to provide beneficiaries all of the Part A and Part B coverage plus additional benefits. There are several different types of Medicare Advantage plans to choose from, and some include Medicare Part D prescription drug coverage.
During Medicare Open Enrollment, held from October 15th to December 7th, consumers can:
- Sign up for Medicare Advantage
- Switch from Medicare Advantage to Original Medicare
- Change Medicare Advantage plans or providers
- Drop or change Medicare Part D prescription drug plans
Our latest infographic can help clear up any questions you may have! Click on the image to enlarge.