Medicare Advantage (Medicare Part C) beneficiaries experience lower out-of-pocket health care costs and better health outcomes than beneficiaries of traditional fee-for-service Medicare, according to a recent study conducted by the Better Medicare Alliance.
Some of the notable findings of the report include:
Better Medicare Alliance is the one of the nation’s leading research and advocacy organizations supporting Medicare Advantage.
Medicare Advantage plans serve as an alternative option to Original Medicare, which is provided by the federal government.
Medicare Advantage plans are sold by private insurers and are required by law to provide all of the same basic benefits as Original Medicare. Most Medicare Advantage plans offer prescription drug coverage, which Original Medicare doesn’t cover.
Some plans also cover routine dental and vision care, hearing aids, gyms memberships, wellness programs and more. More than one out of every three Medicare beneficiaries now receives their coverage through a Medicare Advantage plan.
The report also found that more than four out of five Medicare Advantage beneficiaries with prescription drug coverage belonged to a plan that was rated four stars or higher by the Centers for Medicare and Medicaid Services (CMS), which rates all Medicare Advantage plans every year.1
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1 Every year, Medicare evaluates plans based on a 5-star rating system.