Medicare Advantage plans generally offer a more extensive range of coverage than Original Medicare—such as vision, dental, and hearing benefits—they often come with costs that are much more variable than Original Medicare. With Original Medicare, the price and coverage are set and standardized across the board, though you’ll likely incur more charges compared to a Medicare Part D plan. Sick participants may find that medical care costs skyrocket under a Medicare Advantage plan due to copayments and out-of-pocket expenses. One of the issues with Medicare Advantage is your service area which can affect whether a plan is available in your area. Also, co-pays, coinsurance percentages, deductibles, and additional benefits can differ. One Medicare Advantage plan that includes prescription drug coverage might not have a medication you need in its formulary. Before enrolling in a Medicare Advantage plan, make sure you understand the cost and coverage it offers to make the best decision for your situation. Let expert Kevin Leinum help you understand the many parts of Medicare and determine the right fit for you. Give me a call to discuss the options available to you.
