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Medicare Advantage, sometimes referred to as Medicare Part C, provides benefits that Original Medicare may not. Medicare Advantage combines Traditional Medicare, Medicare Part A (hospital coverage), and Medicare Part B (medical coverage) into a single plan. Additionally, a large number of Medicare Advantage plans contain extra benefits.
Medicare Advantage plans have an annual cap on the amount of money you pay out-of-pocket for treatments covered under Traditional Medicare. Once you reach that threshold, you will not be charged for those covered services for the remainder of the year.
Numerous Medicare Advantage programs provide features not typically included in standard Medicare Part A and Part B policies. These benefits may include vision and dental coverage, as well as Prescription Drug Plans (Medicare Part D). Bear in mind that not all Medicare Advantage plans are created equal; thus, verify that your plan covers any extra insurance coverage you may want.
Medicare Advantage plans are health insurance plans that are authorized by the federal government and are provided by private insurance firms.
The cost of a Medicare Advantage plan (Part C) is determined by a number of criteria, most notably if the plan requires a monthly fee. Certain plans have no monthly charges or may assist you in paying all or a portion of your Medicare Part B payments.
People can join a Medicare Advantage plan if,
They have both Medicare Part A and Medicare Part B.
They live in a plan’s service area.
They’re a U.S. citizen, U.S. national or lawfully present in the U.S.
You may enroll in a Medicare Advantage plan or make modifications to your current plan only during particular times of the year.
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