Choosing a Medicare Advantage Plan
When you’re enrolled in a Medicare Advantage plan, the carrier administers all of your Medicare benefits for covered services. Some Medicare Advantage plans can include drug coverage.
Private insurance carriers contract with Medicare to provide Medicare Advantage plans. The plans are required to meet or exceed the benefits under Original Medicare. The exception is hospice care, which is covered directly under Medicare Part A. Medicare Advantage plans must also limit your total annual out-of-pocket Medicare costs. You must continue paying your monthly Medicare Part B premium when you're in a Medicare Advantage plan.
Medicare Advantage plans have networks, so be sure to check and see if your preferred doctors are in network for the plan you're considering.
Reasons to Consider Getting a Medicare Advantage Plan
Your monthly premium is generally lower than a Medigap premium. However, you may be required to pay more out-of-pocket costs.
Simplicity of paying fewer premiums. Medicare Advantage plans combine medical and drug coverage in one plan.