Medicare Advantage Plans | Alight Retiree Health

Medicare Advantage Plans

Medicare Advantage plans can be a good value if you’re looking for bundled medical and drug coverage. Often referred to as Part C, Medicare Advantage plans provide the same hospital and medical benefits as Original Medicare, but with greater financial protection. Many Medicare Advantage plans also include prescription drug coverage.

In most cases, you’ll have no deductibles, and you’ll have a copay instead of coinsurance for most services.

Medicare Advantage plans have a maximum amount you’ll pay out of pocket, which sets a yearly cap on your cost for health services. Most plans have provider networks, so check that your preferred doctors and facilities are in the plan’s network.

Did you know

To enroll in a Medicare Advantage plan, you must first be enrolled in Original Medicare Parts A and B. How to enroll

Medicare Advantage

Covers all services under Parts A and B
Many plans cover prescription drugs
Many plans cover dental and vision

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Depending on the plan, your costs may include:

Premium: A fixed, monthly amount you pay for your Medicare plan coverage.

Copay: A flat dollar amount (for example, $20) you pay each time you receive care or fill a prescription.

Coinsurance: A percentage (for example, 20%) you pay for your care or drugs after you meet your deductible.

Deductible: The amount you pay for medical costs before the plan begins to pay its share of your medical costs. Some plans have a separate drug deductible before they start to pay for your prescriptions.