Why Medicare Advantage Is the Popular Choice

Have you ever felt overwhelmed by all the healthcare options out there? Choosing the right plan can be confusing and stressful, especially when you want to make sure you’re getting the best care for your needs. But what if there was a plan that could make things easier while giving you more benefits? That’s where Medicare Advantage comes in.

Anyone who is eligible for Medicare is also eligible for Medicare Advantage (you must have parts A and B). Today, 32.8 million people are enrolled in a Medicare Advantage plan, or 54% of all Medicare beneficiaries.*

Medicare Advantage is becoming a popular choice for many people, and for good reason. It offers a lot of extra benefits that Original Medicare doesn’t, making it a great option for those who want more coverage and convenience. 

 

What is Medicare Advantage?

Medicare Advantage (Part C) plans are offered by private companies, like Clover Health, that contract with Medicare. In fact, companies, like Clover, must submit their plans annually to the Center for Medicaid and Medicare Services (CMS) for approval before they can offer their benefits to the public. 

 

Medicare Advantage Plans Cover:

• Everything Original Medicare does (Part A and B) 
• Many include Part D prescription drug coverage
• Most include extra benefits like – vision, dental, hearing, over-the-counter allowances, and fitness memberships

It's a one-stop plan that can offer more value and benefits than Original Medicare alone.

 

Reasons Why Medicare Advantage Is So Popular?

1. All-in-One Coverage:
   • One of the biggest reasons people love Medicare Advantage is that it bundles everything into one plan. With just one card, you can get hospital, doctor, and sometimes even prescription drug coverage –no need to juggle multiple cards or plans.
2. Lower Out-of-Pocket Costs: 
   • Many Medicare Advantage plans have lower monthly premiums and out-of-pocket costs compared to Original Medicare. Plus, plans have an out-of-pocket maximum, which means you’ll never pay more than a certain amount each year. This can give you peace of mind, knowing that your healthcare costs are capped. Original Medicare doesn’t offer this protection.
   • As a matter of fact, people with a Medicare Advantage plan usually pay about $1,100 less per year in out-of-pocket costs than those with Original Medicare.† 
3. Extra Benefits You Might Not Get with Original Medicare: Medicare Advantage plans often come with added benefits that Original Medicare doesn’t cover. Some plans offer dental, vision, and hearing coverage or even programs to help you be healthy, like gym memberships. These extra benefits make Medicare Advantage a great choice for people who want more than just the basics.
4. Prescription Drug Coverage Included: Original Medicare and Medigap plans don't cover most prescription drugs, so you need to sign up for a separate Part D plan. However, with Medicare Advantage, most plans include prescription drug coverage automatically, so you can avoid the hassle of managing multiple plans.

 

How to Choose the Right Medicare Advantage Plan

Choosing the right plan can feel tricky, but it doesn’t have to be. Start by asking yourself a few key questions:
How much can I afford for monthly premiums and out-of-pocket costs?

• Do I need extra benefits like dental or vision coverage?
• What doctors and hospitals are included in the plan’s network?
• Would a Preferred Provider Organization (PPO) plan that allows me to go out-of-network work better for me?

Once you’ve thought about these things, you can start comparing different plans in your area to find the one that fits your needs.

You can use medicare.gov to compare plans in your area and visit our plan page to see Clover's plans.

 

Is Medicare Advantage Right for You?

Medicare Advantage is becoming a popular choice for many people because of its extra coverage, lower costs, and convenience. If you're looking for a way to simplify your healthcare while getting more value, it could be the perfect plan for you!

Remember, when choosing a health plan, it’s important to consider your personal needs and talk to a professional if you need help. That way, you can make the best choice for your health and your wallet.
 

Ready to Learn More?

If you’re thinking about switching to or enrolling in a Medicare Advantage plan, take the time to compare different options. Make sure to check which benefits are included and find a plan that fits your needs. You deserve a healthcare plan that helps you live your healthiest life, and Medicare Advantage might be the way to get there.

Have questions? Don’t hesitate to reach out. We’re here to help you find the right plan for you!

Many Medicare Advantage plans, like those offered by Clover Health, also offer local meetings where you can come and learn more about their plans and enroll at the event. 

See what a Clover Health Medicare Advantage Plan in New Jersey, Georgia, Texas, South Carolina, and Pennsylvania has to offer: Click here to learn more.

Looking for more Medicare tips? Explore our latest blogs for practical tips to make healthier choices and get the most from your Medicare benefits.  

Don’t forget to follow us on Facebook for updates and additional resources! 

*2024 Source:

https://www.kff.org/medicare/issue-brief/medicare-advantage-in-2024-enrollment-update-and-key-trends/

†According to the Kaiser Family Foundation 2021 (includes premiums, deductibles, and coinsurance).

 

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