Medicare is a fact of life for Americans 65 and older. Reaching Medicare age is a milestone many look forward to as it signifies the start of their retirement years. However, Medicare plans are more complex than ever, so it is in your best interest to understand your policy needs. At Buffalo Health Advisors, we are here to help you choose the right plan for your situation.
Not all medical costs are covered by traditional Medicare. Therefore, it is important to supplement your coverage with private insurance or a Medicare Advantage plan.
What Is Medicare Advantage?
Medicare Advantage plans are types of Medicare plans that cover the cost of medically necessary services not fully covered by traditional Medicare. These services may include services provided by doctors and hospitals such as doctor’s visits and urgent care. Additionally, these plans may sometimes be also be called Medicare Part C plans. Many seniors add a Medicare Advantage plan to their medical insurance portfolio.
People also ask what the difference between Medicare Part C and Original Medicare. Parts A and B (Original Medicare), are in part paid for and provided by Social Security. In contrast, Medicare Advantage plans are offered by private insurance companies for you to purchase.
Legally speaking, Advantage plans must offer the same amount of coverage as Original Medicare. However, these plans are usually a combination of Medicare Part A, Part B, and sometimes Part D for prescription drug coverage.
Medicare Advantage Requirements
In order to qualify for Medicare Advantage coverage, you must be 65 years of age or older and qualify for Medicare Part A and Part B. There are exceptions to this. For example, people under 65 with a qualifying disability may qualify for Medicare Advantage.
Medicare Advantage Plan Options
Plan availability varies depending on what private insurance companies offer in your area. However, the different types of Medicare Advantage plans include:
Let Us Help You Find The Right Plan
At Buffalo Health Advisors, we believe in providing solutions to seniors as they transition to Medicare plans. Choosing the right Medicare Advantage plan can work to protect your health as well as help you maintain your wealth. The decision to join a Medicare Advantage plan is critical if you are living on a fixed income during your retirement.
We have also featured some of our advisors in educational videos, so you can get to know them before your appointment. You can see more of our work on the Buffalo Health Advisors Official YouTube channel.
It will cost you nothing to learn more about the health plan options available to you. Call us or stop by our Nashville, TN office to find someone to talk to about your Medicare plan options.