Understanding Medicare Advantage Plans

Medicare Advantage plans are a new way to work with Medicare! Private health insurance companies offer Medicare Advantage Plans that have been approved by Medicare. Similar to other health insurance plans, Medicare Advantage provides PPO, HMO, Special Needs Plans, Private Fee-for-Service Plans, etc. Having a Medicare Advantage health plan policy in place can offer you more coverage than many other Medicare plans, such as dental, vision, and hearing coverage as well as prescription drug coverage.

Many healthy seniors prefer Medicare Advantage plans over traditional Medicare plans. It’s no surprise that healthy seniors choose these plans instead as they often provide coverage options that are not available in standard Medicare plans, such as health and wellness programs and general checkups. In addition, these plans offer affordable monthly premiums, more focus on preventative care services, and more convenience as most of your health coverage is under one source.

You can change carriers every October 15th thru December 7th. If you’re unsatisfied with your Medicare Advantage plan, its annual contract offers you the ability to change your carrier to a different one each year between October 15th and December 7th. This allows you plenty of time to see if a plan is right for you, and if not, you can change it during this period and switch to a plan that will better work for your needs.

I can analyze if a Medicare Advantage plan is a better choice than a supplement plan for you. With so many different health insurance plans available, it can become stressful to choose a plan that’s right for you. I can look over your situation to determine whether a Medicare supplement plan or a Medicare Advantage plan will best suit your individual needs, as they each have their own benefits depending on your situation. As an independent broker, I can help you find a coverage plan that works specifically for you.

We'll review your plan each year to see if it's meeting your insurance needs. Your health and your needs may change within the span of a year, therefore, we can review your health insurance plan annually to see if your plan still provides the best coverage for your needs or if there are more beneficial options. Finding a health insurance policy that works for you can be a difficult and frustrating process, but know that we are here to help you!

Call us at (818) 404-1446 to discuss which health insurance policy best fits your unique situation.