![]() ![]() When you’re choosing a Medicare Advantage plan, ask yourself: There are many things to consider before you decide. Tips to find the best Medicare Advantage plan for your needsĬhoosing the best Medicare Advantage plan for your needs can be complicated. This means that if you move to a new service area, your current Medicare Advantage plan may be unavailable. However, Medicare Advantage plans may only offer specific coverage in specific service areas. Original Medicare offers the same coverage across the United States. For example, many Medicare Advantage plans include drug deductibles and specialist visit copays. Medicare Advantage plans often consolidate these costs, but you may notice additional fees. Original Medicare charges a premium, deductible, and coinsurance for both parts A and B, plus any Part D or Medigap costs. For some people, all these options can feel overwhelming.Ĭheck out our Tips for Choosing a Medicare Advantage Plan article to help you narrow down which Medicare Advantage plans are best for you. Using Medicare’s find a plan tool, you’ll see that there are many Medicare Advantage plan options depending on your ZIP code. ![]() Other plan types do give you more provider freedom, though those plans may have higher premiums and fees like copays and deductibles. You will usually face higher fees if you choose to an out-of-network provider with these plans. If you choose one of the more popular Medicare Advantage plan types, such as an HMO plan, you may be limited in the providers you can see. While most people are satisfied with their Medicare Advantage coverage, these plans may also have some disadvantages compared to original Medicare. In one study, researchers found that coordinated care was associated with higher patient ratings and more positive medical staff experiences. This ensures you have a healthcare team and helps avoid unnecessary expense and issues like medication interactions. This means that your healthcare providers actively communicate to coordinate your care between different types of healthcare services and medical specialties. Many Medicare Advantage plans include coordinated medical care. If you choose a Medicare HMO plan, you may see even more savings on healthcare services provided by your HMO network. Another advantage of choosing Medicare Advantage is that most plans set limits on the maximum out-of-pocket costs you’ll pay during a plan year.Īlso, research has shown that you may save money on laboratory services and medical equipment by switching to a Medicare Advantage plan. ![]() Many Advantage plans have no premiums and offer low or no deductibles. If you want extra services like dental, vision, or hearing, many Medicare Advantage plans include them. If you prefer provider freedom, a PPO or PFFS plan may be more of what you’re looking for. For example, if you have a chronic health condition, an SNP Advantage plan can help with your medical costs. Medicare Advantage offers different plan types for your personal situation. With a Medicare Advantage plan, all your coverage options are in one convenient plan. If you want additional coverage, you’ll need to purchase Medicare Part D for prescription drug coverage and Medigap for supplemental coverage. Original Medicare only offers two types of coverage: hospital insurance and medical insurance. MSA plans are medical savings accounts paired with high deductible health plans.Ĭompared to original Medicare, there may be advantages if you choose a Medicare Advantage plan. SNPs help with long-term medical costs for chronic conditions. PFFS plans are special payment plans that offer provider flexibility. PPO plans charge different rates based on in-network or out-of-network services.
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