It may seem like a daunting task to find health insurance that fits your medical needs, especially when one retires and is a senior. There are many health plans available, but they are not the best for everyone. Introduced in 1997 were Medicare Advantage Plans to help with a seniors health expenses. These plans are also known as MA Plans or Part C and they are part of Medicare. The Medicare Advantage Plan will definitely be a health insurance to consider when looking at all the insurance plans available.
You have the choice of getting Medicare Part A and Medicare Part B or a Medicare Advantage Plan. One point to consider is that the Medicare Advantage Plans will include prescriptions drugs, whereas when you have Medicare Part A and Part B, you will need to also get a Medicare Part D plan to cover prescriptions drugs. This will be an added expense each month that you may not be able to afford in your monthly budget.
You can get prescription drug coverage with a Medicare Advantage Plan for an additional cost when you join the plan. A Medicare Advantage plan does cover some medical expenses not covered by a Medicare supplement plan. A Medicare supplement plan is purchased to help pay the 20% medical expenses left after Medicare pays it set prices for those expenses. Those plans are all varied and cover different medical situations that a senior may come across and not wish to pay those added bills.
As with a Medicare supplement plan, a Medicare Advantage Plan is purchased from private insurance companies. There are many plans to choose from and one should look carefully to see which plan will suit your needs. Some plans are free to seniors 65 or older and who have Medicare Part B and can be a reasonable amount to add to their monthly bills. Also some of the Medicare Advantage Plans will cover vision, dental, hearing and prescription drug costs for and additional amount of premium. These medical services are not included in a Medicare supplement plan. As stated before, the Medicare Part D is the prescription plan and there is no other plan for vision, hearing and dental.
A Medicare Advantage Plan does seem to be more desirable in many ways. One must consider that a person will have to go to the physicians that are listed in their network and have copays and will have to wait for approval on various medical tests.