Medicare Advantage Benefits

Unlike Original Medicare, which is administered by the federal government, Medicare Advantage (also known as Medicare Part C) is sold by private insurance companies. Some other differences between Medicare Advantage and Original Medicare are listed below. 

1. Medicare Advantage has an annual out-of-pocket limit

One key differentiating benefit of enrolling in a Medicare Advantage plan is the annual cap on out-of-pocket spending. Under a Medicare Advantage plan, you’ll have a limit to how much you have to pay for Medicare services each year. The out-of-pocket spending limit amount can vary based on your plan.

In the case that you have health problems and need medical care often, or require expensive care, an out-of-pocket limit can be helpful. After you reach the annual out-of-pocket limit, your plan pays the full cost of your care. Part A and Part B do not offer an out-of-pocket maximum benefit.

2. Medicare Advantage may provide additional benefits

In terms of additional coverage offered by Medicare Advantage plans, routine vision and dental services are among the most common. Some plans also offer hearing benefits, and/or memberships to health and wellness programs.

Additional benefits can vary across plans.

3. Many Medicare Advantage plans include prescription drug coverage

Many Medicare Advantage plans include prescription drug coverage in their benefit packages. Called a Medicare Advantage Prescription Drug Plan (MA-PD), this type of policy allows beneficiaries to get their hospital, medical, and drug coverage all under one plan — and in some cases, the additional benefits mentioned above.

Each Medicare Advantage plan features its own unique benefits package. For help finding the plan that best fits your personal health care needs, call  TTY Users: 711 to connect with a licensed insurance agent today.

Copyright © 2018 TZ Insurance Solutions LLC. All rights reserved.

MedicareAdvantage.com is a website owned and operated by TZ Insurance Solutions LLC. TZ Insurance Solutions LLC and TruBridge, Inc. represent Medicare Advantage Organizations and Prescription Drug Plans having Medicare contracts; enrollment in any plan depends upon contract renewal.

Plan availability varies by region and state. For a complete list of available plans, please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.

Medicare has neither reviewed nor endorsed this information.