Are there really any advantages to a Medicare Advantage plan?
Medicare Advantage plans (MAPD) · updated Mar 13, 2022
The monthly premiums for many Medicare Advantage plans (with Medicare Part D prescription coverage) may be lower than a separate Medicare Part D plan or, in some cases, even $0.
Most Medicare Advantage plans have an established network of healthcare providers (doctors and hospitals) and some people do not mind using a health plan’s network - or they may find that their doctors and hospitals already participate in the plan’s healthcare network.
Other people are seeking an alternative to a Medicare Supplement and although a Medicare Advantage plan does not provide the same coverage as a Medicare Supplement, these people may be willing to sacrifice the flexibility of choosing their own healthcare providers for lower monthly premium payments.
Medicare Advantage plans also provide a "cap" on annual Medicare Part A and Medicare Part B spending (unlike original Medicare coverage). This Medicare Advantage plan Maximum Out-of-Pocket Limit (MOOP) can change each year and may be around $6,700 or less.
Finally, Medicare Advantage plans also often provide additional benefits that may include health club memberships, vision care, or dental care.
To review Medicare Advantage plans in your area, you can use our Medicare Advantage plan finder at MA-Finder.com or telephone a Medicare representative at 1-800-Medicare.
See Also:
Are there any disadvantages to a Medicare Advantage plan? (Spoiler alert: The answer is "yes".)