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What is a Medicare Advantage Plan?A Medicare Advantage Plan (like an HMO or PPO) is another Medicare health insurance plan choice you have as part of Medicare. Medicare Advantage plans, sometimes called “Part C” or “MA Plans,” are offered by private companies approved by Medicare. What does this mean to the Consumer? Medicare has given these for-profit insurance companies the ability to make their own claims decisions. These decisions have no regulation and have been known to be made with profit in mind. When choosing a Medicare Advantage plan a consumer should know all of the facts regarding the plan. Common Medicare Advantage Facts. When you choose a Medicare Advantage plan for your coverage, Medicare is no longer your primary health insurance coverage. Being covered by a Medicare Advantage plan can force you to use a plan accepted by specific doctors, specialists and hospitals. If you are considering a Medicare Advantage Plan, you should consult with a Medicare Supplement Insurance agent to review your health care needs! |
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