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Information on Medicare Advantage

Medicare Advantage is offered to people who already have Medicare part A and Medicare part B coverage. Medicare Advantage covers visits to providers and facilities that operate within HMO or PPO networks run by private companies.

  1. Additional Types

    • Medicare Advantage plans also include coverage for special needs treatment, private fees for medical services and Medicare medical savings accounts, according to the US Department of Health and Human Services.

    Benefits

    • Medicare Advantage participants may pay lower co-payment amounts to medical providers and these plan options often include prescription drug coverage at a reduced cost.

    Cost

    • People enrolled in the Medicare Advantage plan may need to pay an extra premium in addition to their Medicare part B premium, according to the US Department of Health and Human Services.

    Considerations

    • Medicare Advantage plans may designate which in-network physicians or hospitals you may use for medical treatment.

    Warning

    • Medicare Advantage participants can not use their Medigap policy to cover deductibles or co-payments for medical expenses.

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