![]() ![]() ![]() Network span options: When signing up for Part C, you can choose the size of your medical network.Because you can choose from several approved providers, you can find plans with lower premiums to best meet your budget. Cheaper alternative: Compared to Medigap, Medicare often costs less, making it an ideal coverage option for people with long-term health issues that need continuous care at a lower price.Benefits of Medicare Advantage Plansįor those considering Part C, you can benefit from the many options covered by this program, including: Part C is often great for people with chronic illnesses and helps cover additional costs with treating conditions, like transportation costs or paying for medications available over the counter. It can cover various costs, like specific services not covered in Parts A and B, including dental treatment. Part C, however, is a plan that bundles with the Original Medicare Parts A and B to create a more comprehensive and complete coverage policy. Further, many Medigap plans include a Part D prescription drug coverage policy to help individuals pay for medications. Medigap is an additional plan that aims to help cover costs that the Original Medicare doesn’t cover, including deductibles, copays and health care costs when traveling internationally. While both policies seek to create a more comprehensive and affordable Medicare program, they each have subtle differences in the services they provide. Medicare Supplement, also called Medigap, are other policies provided by private insurance companies that seek to fill the areas where standard Medicare lacks coverage for individuals. Medicare Advantage, also called Part C, is a policy offered by Medicare-approved insurance companies, like Humana, Aetna and the Kaiser Foundation, and receives government funding to provide additional coverage for individuals under Medicare. When choosing additional Medicare coverage, individuals have two choices - Medicare Supplement or Medicare Advantage. What Are Medicare Supplement and Medicare Advantage Plans? Because of the spaces within coverage and additional expenses, many individuals seek additional coverage to round out their Medicare coverage. Individuals under Medicare must still pay for 20% of their medical bills, and there is no price ceiling to how much they can pay in one year, resulting in high costs for some individuals. While Medicare is a fairly comprehensive plan, it does not cover all users’ services. However, signing up late for Part D can result in fees. Standard Medicare services include Parts A and B, and users can elect to have Part D when they initially sign up for Medicare. ![]() Medicare’s policies break down into three different parts, labeled each by a different letter: It is important to identify what Medicare itself covers for those considering additional Medicare services. Because you can only use one program, knowing which one works best for you is essential. Because of these gaps, individuals can seek out Medicare Supplement or Medicare Advantage plans to help fill in areas with little range and decrease their costs. Medicare users may find high costs or areas in their plans where they don’t have coverage. ![]()
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