Call 708-350-4767 to speak with a licensed insurance agent.

Call 708-350-4767 to speak with a licensed insurance agent.

Why Medicare Advantage Plans are Popular with Many Beneficiaries

Posted by Tina Konieczki, April 24, 2024

Medicare Advantage plans are becoming increasingly popular among beneficiaries for several compelling reasons. Here’s why more and more individuals like you are opting for Medicare Advantage.

All-in-One Coverage. Medicare Advantage plans, also known as Medicare Part C, bundle together your hospital, medical, and often prescription drug coverage into one coordinated plan. This simplifies your healthcare coverage and eliminates the need to manage multiple plans.

Predictable Costs. Medicare Advantage plans typically have out-of-pocket maximums, providing you with financial protection against high medical expenses. With Original Medicare, there’s no cap on your out-of-pocket costs, leaving you vulnerable to unexpected healthcare expenses.

Network of Providers. Medicare Advantage plans often have provider networks, which means you’ll need to receive care from a network of doctors and hospitals. While this may seem limiting, it can also result in lower out-of-pocket costs and coordinated care. Many Medicare Advantage plans also offer out-of-network coverage for emergencies and urgent care situations.

Managed Care Approach. Medicare Advantage plans often employ a managed care model, where insurers work closely with healthcare providers to coordinate your care and manage costs. This can lead to improved quality of care and better health outcomes for you as a member.

Cost Savings. In some cases, Medicare Advantage plans can be more affordable than Original Medicare, especially if you’re healthy and don’t require frequent medical care. The cost for Medicare Advantage plans may be lower than the combined cost for Part A, Part B, and Part D coverage under Original Medicare.

Flexibility in Plan Options. Medicare Advantage plans come in various types, including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Special Needs Plans (SNPs). This variety allows you to choose a plan that aligns with your specific healthcare needs and preferences.

Annual Enrollment Period. Medicare Advantage plans offer an annual enrollment period each year, typically from October 15th to December 7th. During this time, you have the opportunity to review and change your Medicare coverage to better suit your needs for the upcoming year.

With their bundle coverage, predictable costs, and focus on managed care, Medicare Advantage plans are gaining traction as a preferred choice for Medicare beneficiaries. Consider exploring your options during the next annual enrollment period to see if a Medicare Advantage plan is the right fit for your needs.

Need more information on your insurance options?

Contact us online to learn more

Contact Us

Close Accessibility Tools
Accessibility Controls Reset
Content Adjustments
Font Size

Default

Line Height

Default

Content Scaling

Default

Highlight Titles
Highlight Links
Highlight Forms
Align Left
Align Center
Align Right
Focus Mode
Color Adjustments
Desaturate
Monochrome
Contrast

Default

Saturation

Default

Accessibility Statement

Despite our attempts to make this website accessible for everyone, there may still be some pages or sections that are not completely accessible, are in the process of becoming accessible, or do not have a suitable technological solution to make them accessible. Nevertheless, we are always striving to enhance our accessibility by adding, updating, improving its options and features, and incorporating new technologies.

We want to provide our users with the best experience possible, so we strive to support as many browsers and assistive technologies as possible.

If you wish to contact this website's owner, please use the contact form on the website.

Our User Interface Adjustment Options

Font adjustments - With this tool, users can modify font size, style, letter spacing, and line height for improved alignment and readability.

Color adjustments - Users can customize their color contrast profiles to light, dark, desaturated, and monochrome.

Content highlighting - Users can prioritize key elements such as links, forms, and titles.

Content focus - Users can enable focus mode to highlight the current page information based on their mouse movement.

Close