Why Medicare Advantage?
Inherent in their name, Medicare Advantage Plans can offer many
advantages – cost savings, added benefits and services, and the
convenience of having one health plan with one monthly plan premium.
Medicare Advantage plans are health plans approved by Medicare and run by private companies like ConnectiCare. They are part of the Medicare Program and are sometimes referred to as Medicare Part C. They include your Part A Hospital Insurance and your Part B Medical Insurance, plus additional benefits not included in the Original Medicare Plan, like routine services and wellness programs. And, many Medicare Advantage plans include Prescription Drug Coverage.
|Medicare Advantage Plans|
To really understand the advantages of Medicare Advantage, let’s take a look at your options for
You can choose the Original Medicare Plan, which includes your Part A Hospital Insurance and your Part B Medical Insurance. Keep in mind that Medicare pays for many, but not all, health care services and supplies. And, after you meet your deductibles, you generally pay 20% of medical expenses.
If you need coverage for your prescription drugs, you’ll have to purchase a separate Part D Prescription Drug Plan. The Original Medicare Plan does NOT include Prescription Drug Coverage.
Medicare Supplement Plans
Will the Original Medicare Plan be enough to cover your medical expenses? If you want more coverage, you can purchase a separate Medicare Supplement plan to cover some of the medical costs that Original Medicare doesn’t, like deductibles and coinsurance.
Just remember, if you need coverage for your prescription drugs, you’ll have to purchase a separate Part D Prescription Drug Plan. If you enroll in a Medicare Supplement Plan and a Part D Prescription Drug Plan, in addition to the Original Medicare Plan, you'll have three separate premiums and paperwork from three separate plans. That’s a lot to keep track of!
So now you see why a Medicare Advantage plan is a simpler option. An option that may save you money, give you more benefits, and keep all of your coverage in a single health plan.
H3528_CCI_14_4006_01 CMS Approved 11/5/2013
Last Update 10/1/2013