The alternative to Original Medicare Part A and Part B is Medicare Advantage, sometimes referred to as Medicare Part C. In order to enroll in Medicare Advantage, a private insurance plan approved by Medicare, you must first be enrolled in Medicare Part A and Part B. You do need to continue paying the Part B premium in addition to the Medicare Advantage premium. About one-third of people 65 and older use Medicare Advantage.
What Are the Advantages?
- The Medicare Advantage plans often have fewer out-of-pocket expenses than Original Medicare.
- Medicare Advantage plans cover all of the services and supplies covered by Original Medicare and extend the benefits.
- Medicare Advantage has annual out-of-pocket maximums.
Extra Services Covered by Medicare Advantage
- Routine vision appointments
- Routine dental appointments
- Coverage for hearing impairments
- Prescription drug coverage
One thing to remember with Medicare Advantage is the plans do have provider networks (HMO or PPO). Therefore, you may be limited to certain doctors and hospitals in network if you want to keep your prices at their lowest.
Need Help Finding a Medicare Plan?
For help finding a Medicare plan or Medicare Prescription Drug plan, try our Medicare Plan Finder. If you have any questions, please contact Medicare at any time at 1-800-MEDICARE (1-800-633-4227; TTY users 1-877-486-2048).