Medicare Part C – Medicare Advantage
A Medicare Advantage Plan is another plan choice you may have as part of Medicare. These plans, sometimes called ‘Part C’ or ‘MA Plans,’ are offered by private insurance companies approved by Medicare. The premiums are a flat rate, regardless of age.
If you join a Medicare Advantage Plan, it will provide:
- Medicare Part A (hospital insurance) coverage
- Medicare Part B (medical insurance) coverage
- Limits on the out-of-pocket costs you pay
- Medicare prescription drug coverage (Part D)
- Provider networks to help manage costs
- Extra coverage, such as vision, hearing, dental, and/or health and wellness programs
In all types of Medicare Advantage Plans, you’re always covered for:
- Emergency and urgent care
- Hospice care (covered by Original Medicare)
Plans can charge different copays, coinsurance, and deductibles for these services.
Depending on the Medicare Advantage Plans offered in your area, you may have these options:
This is a plan that combines a high deductible health plan with a bank account. Medicare deposits money into the account (usually less than the deductible). You can use the money to pay for your health care services during the year.
Important Things to Remember:
You Must Continue to Pay Your Part B Premium
If you enroll in a Medicare Advantage Plan you will need to continue paying your Medicare Part B premium, as well as any premium charged by the plan you choose. A monthly premium may apply and can vary based on the plan selected.
You Can’t Have a Medicare Supplement Insurance Plan and a Medicare Advantage Plan at the Same Time
Medicare Advantage Plans are health insurance plans approved by Medicare and offered by private companies. Medicare Advantage Plans are different from Medicare Supplement Insurance Plans. If you enroll in a Medicare Advantage Plan, you cannot purchase a Medicare Supplement Insurance Plan.
Watch this video to learn about signing up for Medicare Part C.