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7 Benefits of Medicare Advantage Plans

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7 Benefits of Medicare Advantage Plans

Autumn is almost here, which means the Medicare open enrollment period is fast approaching. If you’re a Medicare beneficiary, now is the perfect time to explore the benefits of Medicare Advantage Plans so you’re prepared come October.

These value-based care insurance options offer a range of perks that can make a significant difference in your life — but we know that navigating the health care system isn’t simple. That’s why AssociatesMD is here to help.

Our personal healthcare assistants (PHAs) specialize in Medicare patient navigation to help you find the right coverage for your needs. Here’s what you need to know about the best benefits of choosing a Medicare Advantage Plan this open enrollment season.

1. Comprehensive coverage

Original Medicare includes Part A (hospital insurance) and Part B (medical insurance). Medicare Advantage plans, or Part C, provide all the coverage of Original Medicare plus additional benefits.

These additional benefits can include things Original Medicare doesn’t cover, like prescription drug coverage (Part D), vision, dental, and hearing benefits, and even fitness programs. Choosing a Medicare Advantage plan can give you a convenient, single plan that meets your health and wellness needs.

2. Prescription drug coverage

Prescription drug coverage isn’t included in Original Medicare, but many Medicare Advantage plans bundle prescription drug coverage (Part D) into their offerings. That can be a game-changer if you rely on regular medications to maintain your health.

With the rising costs of prescription drugs, having a comprehensive plan that covers both medical services and medications provides peace of mind and financial relief.

3. Potential cost savings

One of the most significant benefits of Medicare Advantage plans is their potential to save money. While Original Medicare provides essential coverage, it doesn't cap out-of-pocket expenses.

Alternatively, Medicare Advantage plans include an annual out-of-pocket maximum, offering financial protection and predictability. The predictable out-of-pocket maximum is especially valuable for those with frequent medical needs and chronic conditions.

4. Focus on preventive services

As the saying goes, an ounce of prevention is worth a pound of cure. Preventive medicine plays a crucial role in maintaining good health as you age. Medicare Advantage plans often go beyond Original Medicare by offering members a range of preventive services at no additional cost.

These services can include annual wellness visits, vaccinations, and screenings for common health issues. By prioritizing preventive care, Medicare Advantage plans can help you catch health issues early and take proactive steps to stay healthy.

5. Personalized care coordination

Medicare Advantage plans emphasize proactive and coordinated care. Many plans offer personalized care management, and our PHAs are here to assist you along the way.

We act as a central point of contact for all your healthcare needs. That means you have a dedicated professional helping you navigate the complexities of the health care system, scheduling appointments, managing prescriptions, and ensuring all aspects of your care are aligned.

6. A network of providers

Like traditional health insurance providers, Medicare Advantage plans typically operate within a network of healthcare providers. This promotes streamlined care coordination, reduced paperwork, and potentially lower costs.

Many plans also include access to a broad network of specialists and a team to help you find the care you need when you need it.

7. Extra benefits

Along with comprehensive health coverage, Medicare Advantage plans frequently offer benefits that go beyond medical care.

These benefits include transportation services to medical appointments, fitness memberships, and over-the-counter allowances for health-related items. Depending on your needs, these additional perks can significantly improve your quality of life for seniors and contribute to your overall well-being.

As the calendar turns from September to October, it's essential to educate yourself about the benefits of Medicare Advantage plans. Find out if one of these value-based care insurance options is right for you with a consultation at AssociatesMD.

Call one of our offices in Plantation, Pembroke Pines, Davie, Weston, Margate, Dania Beach, or Ft. Lauderdale, Florida, or request an appointment online today.