You might be happy that you either have Medicare or that you will qualify for Medicare soon, but you could be looking for a coverage option that offers even more. If this is the case, then you might be interested in enrolling in a Medicare Advantage plan. These are some of the things that you might want to know about this first.
It Will Be Used as a Replacement for Medicare
First of all, you should know that, unlike if you were to sign up for a Medicare supplement plan, you will actually be replacing original Medicare with your Medicare Advantage plan. Basically, you will no longer have "Medicare" as your health insurance provider. Instead, your new provider will be whichever insurance company you choose to enroll in a Medicare Advantage plan with. For many people, this is a good thing. If you would like to keep Medicare but would like additional coverage, then you will want to look into a Medicare supplement plan instead.
It Won't Necessarily Cost You Any Money
You could be worried that enrolling in a Medicare Advantage plan will be costly. Of course, there are some plans that can be a bit pricey but that offer great coverage. However, there are actually options that will not charge you a premium at all. Therefore, if you're on a really tight budget, you may want to ask about these plans, since they might work well at providing you with the coverage that you need without actually costing you anything at all.
There Are Certain Times That You Can Enroll
If you think that you can enroll in a Medicare Advantage plan at any time, you should know that this is not the case. There are actually specific times when you can enroll. First of all, you can enroll during your initial enrollment period, which is the time when you are first eligible to sign up for Medicare. There are also enrollment periods throughout the year during which you can sign up for a Medicare Advantage plan.
Enrolling in a Medicare Advantage plan can be a great idea, but it's important for you to be knowledgeable about what you are doing. Luckily, by being aware of the things listed above, you can make informed and proper decisions when enrolling in one of these plans. Hopefully, you will soon be able to count on your plan to provide you with the health insurance coverage that you need.
For more information about Medicare Advantage enrollment, contact a local provider.Share