Need Help Fast? Click Here Medicare Advantage Plans are insurance plans provided by private insurance companies under a contract from The Centers For Medicare and Medicaid Services (CMS). These companies must renew their contracts and have them approved each year. Each plan must provide benefits in compliance with Medicare guidlines. Medicare Advantage plans are designed to provide additional benefits and lower co-pays than Original Medicare. Since these plans are provided by private companies and each company receives a monthly premium paid to them by CMS they have become very competetive in cost and benefits.
You should be sure to seek advice when choosing a plan to fit your healthcare needs since each plan is different and some plans provide better benefits than others. Each year these plans may change so be sure to seek help and do a yearly review.
Medicare Advantage Plans are an alternative to traditional Medicare. These plans are generally much more affordable than a Medicare Supplement Plan. Advantage plans generally offer additional benefits and more predictable out of pocket costs than traditional Medicare. You must choose wisely since not all plans are created equally and these plans may or may not suit each persons individual needs.