The Rise of Medicare Advantage

As more and more people become eligible for Medicare every day, many Americans are realizing the potential value of enrolling in a Medicare Advantage plan.

Medicare Advantage plans (also called Medicare Part C) offer the same basic coverage as Medicare Part A and Part B (Original Medicare), and many Medicare Advantage plans may offer additional benefits that are not covered by Original Medicare.

These additional benefits can include things like coverage for prescription drugs, dental, vision, hearing and much more. Even memberships to gyms and wellness programs like SilverSneakers are covered by some Medicare Advantage plans.

Couple smiling and lying in a park

One-third of Medicare beneficiaries are enrolled in Medicare Advantage

Medicare Advantage plans have evolved in such a fashion that more than a third of all Medicare beneficiaries will be enrolled in a Medicare Advantage plan in 2020.

Medicare Advantage plans are becoming more affordable

2020 Medicare Advantage plans that offer prescription drug coverage will feature average premiums of $36 per month. 49 percent of these types of Medicare Advantage plans (that offer prescription drugs) will feature $0 monthly premiums.1

Medicare Advantage plan selection is increasing

You may wonder how the cost of Medicare Advantage plans can be going down.

One reason is an increase in plan selection. Seemingly every year, more and more Medicare Advantage plans are made available. And when consumers have more choice, the competition among providers can often drive prices down.

In 2020, there will be 3,148 Medicare Advantage plans available across the U.S.1

It’s important to note that these figures are total plans offered nationwide. Not all plans are available in all locations, and there may be a limited number of Medicare Advantage plans where you live — or none at all.

To compare Medicare Advantage plans that may be available where you live, including plans that may offer $0 premiums and prescription drug coverage, call today to speak with a licensed insurance agent.

Find Medicare Advantage plans in your area

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Or call TTY Users: 711 to speak with a licensed insurance agent. We accept calls 24/7!

More people are becoming eligible for Medicare Advantage

With the Baby Boomer generation aging into retirement, it’s estimated that some 10,000 people turn 65 years old every single day.2

That’s roughly seven people every minute who are becoming eligible for Medicare and are looking for affordable solutions for their health care.

Plan benefits may be getting better

Medicare Advantage plans may have the option to offer additional benefits, including items like home-delivered meals, transportation to doctor’s offices, home safety features like wheelchair ramps and bathroom grab bars, increased home health services and more.

In 2012, a rating system was established that rates Medicare Advantage plans from one to five stars. Every year, Medicare evaluates plans based on this 5-star rating system.

Underperforming plans are punished with free opt-outs for beneficiaries, and some plans may be discontinued. Meanwhile, providers with high-quality plans are rewarded with bonuses, and qualified beneficiaries can enroll in a 5-star Medicare Advantage plan during a Special Enrollment Period.

Medicare Advantage can produce positive outcomes

Medicare Advantage plans typically feature coordination of care between beneficiary’s health care providers.

Medicare Advantage plan beneficiaries have been found to experience 33 percent fewer emergency room visits and 23 percent fewer hospital stays than individuals enrolled in Original Medicare.

Medicare AEP graphic

Medicare Open Enrollment Period is a great time to enroll

The Medicare Open Enrollment Period (also called Annual Election Period, or AEP) runs every year from October 15 and through December 7. During this time, Medicare beneficiaries are free to enroll in or switch Medicare Advantage plans.  

Depending on your individual situation, you may be able to enroll in a Medicare Advantage plan during other times of the year.

To compare Medicare Advantage plans that are available where you live and to get started enrolling in a plan, call today to speak with a licensed insurance agent.


Find Medicare Advantage plans in your area

Compare Plans

Or call TTY Users: 711 24/7 to speak with a licensed insurance agent.