WHAT IS MEDICARE ADVANTAGE
Medicare Advantage expands health care options for Medicare beneficiaries. These options were created with the Balanced Budget Act of 1997 to reduce the growth in Medicare spending, make the Medicare trust fund last longer, and give beneficiaries more choices.
With Medicare Advantage (also called Medicare Part C), you can choose from new ways in which to receive your Medicare benefits.
It is important to remember that each of these options will have advantages and limitations, and no option will be right for everyone. Also, not all options will be available in all areas.
Please Note: If you do not actively choose and enroll in a new plan, you will stay in Original Medicare or the original Medicare managed care plan you currently have.
When learning about these new options, please keep in mind that you do not have to change if you are happy with how you currently receive Medicare benefits. You should not change to a new program until you have carefully analyzed it and determined how you would benefit from it.
Medicare Advantage Plans: Common Elements
Who is eligible to enroll in a Medicare Advantage plan?
If you meet the following requirements, the Medicare Advantage plan must enroll you. You may be under 65 and you cannot be denied coverage due to pre-existing conditions.
Another type of Medicare Managed Health Maintenance Organization is a Cost Contract HMO. These plans have different requirements for enrollment.
LEARN MORE ABOUT:
More Senior Products