Defining Medicare Advantage (Part C)
The following information provided by PayingforSeniorCare.com , an organization striving to access reliable and up-to-date information about financial resources for seniors…
Medicare Advantage (Part C), a privately offered alternative to Original Medicare (Parts A and B), has grown in popularity over the years. In 1999, 18% of Medicare enrollees chose a Medicare Advantage plan rather than Original Medicare. By 2018, 34% of Medicare enrollees were using Medicare Advantage.
Medicare Advantage plans vary in popularity by location, with enrollment rates tending to be highest in or near coastal states and lowest in the center of the country. In some cases, low enrollment rates may reflect fewer plan options in a state. However, on average, elders have more Medicare Advantage options than ever before.
Despite the growing popularity of Medicare Advantage, some seniors face obstacles that prevent them from truly understanding how it works and who it benefits.
Common mistakes regarding Medicare Advantage include:
— misunderstanding its differences from Original Medicare
— getting it confused with other forms of private Medicare insurance (like Medigap or Part D),
— not understanding how to look up or evaluate plans.
As you navigate your Medicare choices, you’ll likely receive advertisements for Medicare Advantage plans in the mail, and you’ll also probably see numerous news articles about the insurance companies involved in the market. Sifting through all the available information can be daunting.
Seniors who are eligible for Medicare in Massachusetts have the option to choose a Medicare Advantage plan as an alternative to Original Medicare. Unlike Original Medicare, which offers the same coverage to every beneficiary, Medicare Advantage plans offer a choice of plans with varying benefits and costs.
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John D. Miller is the founder/owner of Home Care Partners, LLC, a Massachusetts business providing private duty, personalized in-home assistance and companion care services to those needing help in daily activities and household functions.
Phone: (781) 378-2164