What are Medicare Advantage Plans?
Medicare, the tax-subsidized social insurance program, helps countless seniors to pay for expensive medical treatments, yet the standard cover provided by Part A (hospital insurance) and Part B (other medical expenses) is not always sufficient for comprehensive protection. Medicare Advantage plans, which were previously known as ‘Part C’ or ‘Medicare Choice’ allow eligible beneficiaries to receive their Medicare benefits through a private insurance company, such as Anthem Blue Cross Blue Shield.
Why Choose Medicare Advantage Plans?
Medicare Advantage plans are great options for seniors who desire greater control over the way their health insurance policies are structured – for example, a senior who is unlikely to require residence in a nursing facility in the near future may choose a plan that offers less cover in this area in exchange for further savings on doctor visits. Medicare Advantage plans provide members with the freedom to choose a combination of benefits that will work to reduce their primary health expenses.