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What is a Medicare Advantage Plan?

A Medicare Advantage plan is a plan offered by a private company that contracts with Medicare to provide Part A and Part B benefits to people with Medicare who enroll in an Advantage plan. These types of plans tend to be popular among Medicare beneficiaries. They often offer affordable premiums. Medicare Advantage plans offer in-network health coverage, requiring clients to stay within a prescribed network of coverage providers that carry the company their Medicare Advantage plan is contracted with. Medicare Advantage plans may also cover a prospective client’s prescription drugs. Medicare Advantage plans are subject to enrollment periods and may not, with certain exceptions, be sold outside of these enrollment periods. In addition to prescription drug coverage, Medicare Advantage plans can be HMOs, PPOs, PFFSs, and SNPs. For full explanation of these plans or to check compliance regulations please contact us. Medicare Advantage plans offer many different options for potential prospects:
  • Medicare Advantage only plans
    – Potentially for Veterans to have access to additional providers
  • Medicare Advantage Plan with Prescription Drug Plans
    – By bundling a health and drug plan these help build a comprehensive plan
  • Chronic Medicare Advantage Plans
    – These plans help address the special needs of individuals coping with a chronic illness. As of 2012 Chronic Illness is a problem well over half of all adults deal with according to the CDC. These plans can be sold 12 months a year.
  • Dual Medicare Advantage Plans
    – These plans are specially designed for individuals with Medicare and Medicaid. The plans may add many benefits not normally enjoyed by individuals on Medicaid. These plans can also be marketed 12 months a year.
*We do not keep product forms for all states. If you need a product that is not listed on the website, please reach out to us at 1-800-689-2800 for assistance.

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