What are Medicare Advantage plans and how do they work?

What are Medicare Advantage plans and how do they work?

Medicare Advantage plans, also known as Part C, are offered by private companies and provide an alternative to Original Medicare. They often include additional benefits like vision and dental coverage.

What are the benefits of choosing a Medicare Advantage plan?

Benefits can include lower out-of-pocket costs, additional services not covered by Original Medicare, and coordinated care through a network of providers.

Are there any downsides to Medicare Advantage plans?

Yes, some downsides may include limited provider networks, potential higher costs for out-of-network care, and varying coverage options.

How do I enroll in a Medicare Advantage plan?

You can enroll during the Annual Enrollment Period, which runs from October 15 to December 7, or during a Special Enrollment Period if you qualify.

Can I switch back to Original Medicare after enrolling in a Medicare Advantage plan?

Yes, you can switch back to Original Medicare during the Open Enrollment Period, which is from January 1 to March 31 each year.