Posted by Ginger McCabe
Estimated Reading Time 1 minute 35 seconds
Why Medicare Advantage Plans are Popular with Many Beneficiaries
![Why Medicare Advantage Plans are Popular with Many Beneficiaries](https://media.medicare247.org/wp-content/uploads/2024/04/Medicare-Advantage-Plan.jpg)
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.
Birch Hill BenefitsNo-cost assistance with your Medicare enrollment and benefits.
- To speak with a licensed agent, call (508) 404-0789
(TTY 711 M-F, 9am-5pm)
- License Numbers: MA: 2053607 | RI: 3000280793 | CT, NH and ME: 5407605 | VA: 503268
- 901 Pleasant St, #293
Attleboro, MA 02703
Have You Watched Our Medicare Essentials Video Quick-Course?
This video tutorial covers the basic elements of Medicare in a format that is easy to understand and you can watch it from the comfort of home! It’s yours at no cost and no obligation, just tell us where we should send it!
Get Free Medicare Assistance
Friendly, licensed professionals are available to answer all of your questions. Call (508) 404-0789 or complete the form below and we’d be happy to reach out to you.