When considering the cost of a Medicare Advantage plan, it’s important to remember that insurance can be budgeted, but unexpected illness cannot. Especially in your retired years, it’s important to know what you need to spend month to month.
Monthly premiums for Medicare Advantage plans vary by plan. Components that can go into determining your month-to-month costs are:
Does your chosen Medicare Advantage plan charge a monthly premium?
Does your plan cover a portion (or all) of your Medicare Part B monthly premium?
Does your plan have annual deductibles?
Does your plan have co-insurance for doctor visits?
What type of health care services do you need?
How often do you need to visit a doctor?
Monthly costs for Medicare Advantage plans are also determined by your ability to adhere to the plan you are under, such as using in-network providers. Rather than wondering what Medicare Advantage might cost, why not request a free quote? Click here
Enrolling in a Medicare Advantage Plan
To enroll in a Medicare Advantage plan, you first must be enrolled in Medicare Part A and Medicare Part B. For most people, Medicare Part A is a benefit that is covered in full by the government and is paid from the payments made through your taxes. Medicare Part B requires a monthly payment, which depending on your Medicare Advantage plan you may still have to pay. You will also have to pay your monthly premium for a Medicare Advantage plan.
Disclaimer: Medicare has neither reviewed nor endorsed the information contained on this website.