Medicare Advantage - Medicare Supplement Premiums
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Frequently Asked Questions:

#1 – “What Is A Medicare Advantage Plan?”

Sometimes referred as Medicare Part C, a Medicare Advantage plan includes all the benefits and services covered under Part A and Part B. It usually covers Part D, Medicare Prescription Drug coverage, as part of the plan.

 

It is run by Medicare-approved private insurance companies, and they must follow rules which are set by Medicare.These plans have a yearly limit on your out-of-pocket expenses for medical coverage.

 

#2 – “What Does A Medicare Advantage Plan Cost?”

The cost you pay for a Medicare Advantage Plan is determined by the plan, not Medicare. The plan sets the prices they charge for premiums, deductibles and services. The plan also can only change the price you pay once a year, on January 1st.

 

#3 – “Can I drop my Part B coverage when I enroll into a Medicare Advantage Plan?”

No, You cannot. You must be enrolled in both Part A and Part B while in a Medicare Advantage Plan.

 

Got more questions? Contact me here.