Medicare Advantage (Part C) Plans
Medicare Part C (Medicare Advantage) insurance often includes every type of Medicare coverage in one health plan. These plans are offered by Medicare-approved private insurance companies contracted through CMS (Medicare) to provide a Medicare benefits package as an alternative to Original Medicare. Medicare Advantage is optional, but to obtain this private insurance, you must also have Parts A and B of Original Medicare. You must also continue to pay your Part B premium if you have a Medicare Advantage plan (as well as any Part A premium, if applicable).
Medicare Advantage plans are required to provide all Medicare Part A and Medicare Part B benefits (hospice benefits continue to be provided under Original Medicare), but these benefits are provided in a different form, usually with copays and coinsurance. The value of the Part A and B benefits offered in a Medicare Advantage plan on an overall basis must be actuarially equivalent to Part A and B benefits provided through Original Medicare.
Most Medicare Advantage plans bundle together Part A, Part B and Part D (prescription drug coverage) into one plan and are called Medicare Advantage Prescription Drug (MAPD) Plans. And most Medicare Advantage Plans offer some extra benefits and lower out-of-pocket costs than Original Medicare.
Plan provisions differ between carriers and between plans offered by the same carrier.
Call us at 561-734-3884 (TTY: 711) or email us at pmcholak@gmail.com if you’d like further information.
Note: we are not affiliated with or endorsed by any government entity or agency. We do not offer every plan available in your area. Currently we represent 19 organizations which offer 8 products in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY: 1-877-486-2048) 24 hours a day, 7days a week, or your local State Health Insurance Program (SHIP) to get information on all your options.