Top 5 reasons why medicare advantage plans are bad.

What is a Medicare Advantage Plan?

Medicate Advantage Plan is also known as Medicare Part C. It is offered by private insurance companies and provides hospital coverage, medical coverage, prescription drug coverage, fitness memberships, dental, vision and hearing coverage (i.e. yearly screenings and assistive equipment) as well.

Types of Medicare Part C plans-

  • Preferred Provider Organization (PPO)
  • Health Maintenance Organization (HMO)
  • Private Fee-for-Service (PFFS)
  • Special Needs Plans (SNP)
  • Medical Savings Account (MSA)

Top 5 reasons why medicare advantage plans are bad-

Narrow network – You have a limited number of service providers you can consult with. You may face a higher fee if you go out-of-network with these plans. It is a specific plan-driven option.

Specific coverage– Original Medicare offers continuous coverage all over the US; however, some medicare advantage plans offer limited coverage only in certain states. This makes it difficult to cover out-of-state medical services if you travel a lot.

Too many options– At times, the number of medicare advantage plans can get quite overwhelming. There are plenty of providers offering several options, however, it can lead to more confusion instead of clarity.

Plan benefits change annually– The plan benefits may change annually, unlike a regular Medicare plan. You need to ensure that you are updated with the type of coverage your plan is providing.

Difficult to compare– Since no two plans are the same, it is difficult to compare and pick one over the other. Each of the plans highlighted above has different coverage and specification.

If you are still not thoroughly convinced whether MA or Medicare Part C or Medicare Advantage Plans are bad or not, it is better to evaluate all the pros and cons with the help of your Askhpm expert before proceeding. To know more, log in to today!