1. Enrolling in a Medicare Advantage Plan will void Original Medicare.
Original Medicare consists of Parts A & B, which are Hospital and Medical coverage. Original Medicare does not cover everything, so some people choose to pick up a Medicare Advantage plan (Part C) to pay for things like prescriptions, dental, vision, and possibly lower their out-of-pocket health expenses. When you have an Advantage plan, you are agreeing to the plan’s terms and conditions as a replacement for your Original Medicare. Now, you will still be enrolled in Parts A & B, but you will only use your Medicare Advantage plan insurance as your primary and sole insurance.
2. Medicare Advantage plans are the same as Medicare Supplement plans.
False! Medicare Advantage (Part C) is a replacement to Original Medicare. These plans operate off a network like an HMO, PPO, or PFFS and can include drug coverage.
Medicare Supplement plans, aka Medigap plans, are a gap filler that work with Original Medicare to cover healthcare services and supplies. Supplements do not have a network, so they will offer nationwide coverage at any doctor or facility that accepts Original Medicare. Additionally, these plans do not typically cover prescription drugs.
3. Medicare Advantage is unnecessarily expensive.
Many Medicare Advantage plans have a low premium and cover some co-pays and deductibles that aren’t covered by original Medicare. This may end up saving you money in the long run.
4. Part A has an annual deductible.
That is not quite true. The Part A deductible starts and stops with each benefit period. A benefit period begins the day you are admitted for inpatient care at a hospital or skilled nursing facility and ends when you haven’t gotten any inpatient hospital care (or skilled nursing care) for 60 days in a row. So, the Part A deductible could be met more than once a year.
5. Medicare is only for seniors and is very complex.
Generally, people who are 65 and older qualify for Medicare. However, people who are under 65 with certain disabilities may also qualify for Medicare. Medicare is somewhat confusing, but with the help of a knowledgeable Medicare Agent you will get the right plan for you with no stress.
If you would like to review specific plan options, our licensed agents here at AMAC are happy to assist you. They are licensed with top-rated insurers throughout the country.
Call 1-855-611-4856 to speak with one today!