Many Medicare beneficiaries choose to enroll in a Medicare Advantage Plan, in addition to Original Medicare, for the extra coverage. If you take prescription drugs or want to cap your out-of-pocket expenses, then Medicare Advantage may be a great option for you. To speak with a licensed sales agent about your Medicare choices, call 888-738-6356 (TTY: 711), Monday – Friday, 6am – 5pm PT.
When shopping for a new Medicare Advantage plan, there are some key factors to take into consideration:
1. Doctor and hospital networks
Most Medicare Advantage plans have provider networks, meaning you will pay more if you go to a doctor or hospital outside of the covered network. If you have a preferred doctor, specialist or hospital, it’s important to make sure that they are in-network with the plan you choose so that you don’t end up spending more money out of your own pocket.
2. Out-of-pocket costs
In addition to your monthly premium, you’ll want to be aware of the costs that you’re responsible for. Get information on copays, deductible, and out-of-pocket limits. You might be better off paying a higher monthly premium if it offsets your out-of-pocket costs.
3. Dental and vision coverage
Many Medicare Advantage plans come with some dental and vision coverage. If these benefits are important to you, ask your agent to show you options that provide ancillary coverage.
4. Coverage while travelling
If you split your time between two homes, or if you travel frequently, you should look into plan options that have larger networks. For detailed information on networks, it’s best to speak with an licensed sales agent who can review that information on a plan by plan basis.