Medicare Advantage for Seniors: Pros and Cons

​Medicare Advantage indeed has taken a more significant role in the Medicare Program and is still growing its popularity. It has over 19.8 million enrolled people in the US, and you might get intrigued and influenced by its growing popularity. But, there are still things you should need to consider when getting a medical insurance plan, like its pros and cons. This article will show you what the advantages and disadvantages of having a Medicare Advantage plan are.

Medicare Advantage: Pros
Medical Advantage plan covers all the coverages of Hospital Insurance (Part A) and Medical Insurance (Part B). Most of the Medicare Advantage plans also cover more benefits aside from Original Medicare’s basic coverages, such as:

• Prescription drug (Part D)
• Fitness 
• Vision
• Dental
• Hearing

Its advantages don’t end here, as it has more benefits included that you might want to know. Below are the other benefits the Medicare Advantage plan has:

• Health Equipment Coverages – This provides discounts and coverages for your equipment and services like gym membership fees, meal charges, etc.
• Out-of-pocket Cost Changes – Medical Advantage plan could lower your out-of-pocket costs.
• Simplified Plan – Instead of having various plans just to cover all your needs, with Medical Advantage, you’ll get the coverages in a single package.

The Disadvantages Of MA Plans
Even though Medicare Advantage sounds so perfect, there are still some drawbacks to this plan. Here are some of the cons you should expect when enrolling in the Medicare Advantage plan.

• Options are limited – Since private insurance companies provide Medicare Advantage plans, you will only get your medical services to the MA plan’s networks.
• Medigap can’t be used – You need to cancel your Original Medicare and Medigap to use Medicare Advantage. This means you can’t use Medigap anymore for deductibles and copayments.
• Authorizations before procedures – Unlike other Medicare plans, Medicare Advantage will require you to request approval to assure that the services and providers are under their networks.

Conclusion
In choosing your Medicare Plan, you must consider the advantages and disadvantages of the plans before enrolling. Medicare Advantage might be popular, but you still need to review if it fits your needs and location. Reviewing the private insurance company’s provided networks will also help as it is your only option in the future in case you enroll in the MA plan.

At Art of Medicare, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (702) 776-7726. Get your free quote today by CLICKING HERE.