Also known as Medicare Advantage plans, Medicare Part C is a valuable type of coverage that many Americans neglect to take advantage of. Although Medicare is a single word, it encompasses a wide range of different types of plans. Traditional Medicare coverage involves Part A (which covers hospital services), Part B (which covers medical services), and Part D (which is used for prescription drug coverage). Medicare Part C offers options that go beyond traditional Medicare plans. Learn more in this week’s blog, below.
An overview on Medicare Part C
Debuted in 1995, Medicare Advantage plans were introduced in order to provide consumers more choice for the insurance plans they could obtain after the age of 65. While these plans are governed by Federal regulations, they are administered by private insurers such as Blue Cross, Blue Shield. All Medicare Advantage plans are required to offer at least an equivalent amount of coverage as traditional Medicare, but many plans go far beyond. With Medicare Part C, you can choose plans that come with dental coverage, vision benefits, and many other services that are not included in traditional Medicare.
While some people may be nervous to give up access to traditional Medicare in favor of a Medicare Advantage plan, the decision doesn’t need to be permanent. Enrollees are eligible to change their plan every year during open enrollment if they decide they are unhappy with their coverage. Medicare Part C plans offer many benefits, including:
- Plans provide additional services that traditional Medicare plans can’t match
- Your coverage will never cost more than a comparable traditional Medicare plan
- Yearly out-of-pocket caps ensure you never spend more than you can afford
If you are nearing the age of 65, you may be surprised to find that a Medicare Part C plan is right for you. The best way to decide is by making an appointment with a trustworthy insurance agent who can help you choose the best plan for your needs.
Global Premier Benefits
Are you interested in learning more about the benefits of Medicare Advantage? Contact Global Premier Benefits today! Global Premier Benefits offers education for seniors on healthcare options available to them that could improve their quality of life and defray their healthcare costs as well. We have agents and clients in more than 16 states, including the District of Columbia. Our goal is to enable seniors to live healthy, rewarding lives without compromising their finances. Call us at 1-866-229-8447 to speak with a certified specialist to see if you qualify for extra help! You can also keep up with Global Premier Benefits on Facebook, Twitter, Google+, YouTube, and Pinterest.