Medicare Advantage Plans also referred to as “Part C” by Medicare. A Medicare Advantage Plan is not a Supplement Plan, it does not pay the bills that Medicare does not pay. Instead, if you choose a Medicare Advantage Plan you will use that coverage instead of using Original Medicare Part A and Part B.
You may see Medicare Advantage Plans advertised as $0.00 premium Plans, however they are really the same price as Medicare. If you choose a Medicare Advantage Plan you will still be required to pay your Medicare Part B premium.
Medicare Advantage Plans, you will have a Network of Providers. This means that you will have an HMO, PPO or PFFS. (You will have to go to certain Doctors and hospitals.) Advantage Plans also require a Referral to see a Specialist and Prior Authorization for certain tests and treatments.
Some Medicare Advantage Plans have some additional value added benefits that Medicare alone does not have:
- Gym Membership (Silver Sneakers)
- OTC Benefits
***If you choose a Medicare Advantage Plan and later want to upgrade to a Supplement Plan, you will be subjected to Medical Underwriting.