Medicare Advantage Plans: What to Expect in 2021

​Medicare Advantage has played a more significant presence in the Medicare program over the last decade. Over 60 million individuals receive health coverage through Medicare, about one-third of which chose to receive Medicare Advantage benefits rather than original Medicare. Here's what to expect if you're thinking about getting Medicare Advantage plans for 2021.

2021 Medicare Advantage Plan Offerings
Both hospital and medical insurance coverage and extra coverage are provided through Medicare Advantage plans. Depending on the type of plan you chose, the following will apply to you:
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• Hospital Insurance (Part A)
  This plan includes inpatient hospital stays and hospital-related facilities, short-term nursing facility treatment, home health care visits that are medically required, and hospice care at the end of life.
  
  
• Medical Insurance (Part B)
  This insurance involves medical problems in prevention, diagnostic, and treatment-related facilities. Several Medicare Advantage programs include emergency transportation.
  
  
• Drug Coverage for Prescriptions
  Usually, this is not provided under initial Medicare. Nearly all Medicare Advantage programs offer coverage for prescription drugs.
  
  
• Vision, Hearing, and Dental Care
  It entails non-medically needed coverage that is not covered under the original Medicare. The coverage of these options varies from most Medicare Advantage policies.
  
  Moreover, some employers provide other health-related advantages, such as gym memberships, medical transportation, and meal delivery under their Medicare Advantage programs.

What You Need to Know
Currently, Medicare Advantage has its open enrollment period that runs annually from January 1 through March 31. If you're new to Medicare Benefit, this provides you with a fair chance to pursue a plan, see if you like it, and make improvements early in 2021, rather than being stuck with that plan for the whole year.

Medicare Advantage is not always a cost-effective alternative to the original Medicare. Hospitalization can incur additional expenses. At least 50 percent of Medicare Advantage recipients will be on the hook for higher out-of-pocket costs than those on original Medicare for a hospital stay lasting just five days or longer.

Conclusion
It's essential to know what type of medical insurance plan fits your fitness and lifestyle. There are annual changes in the plans. That's why it's also necessary to stay updated with your insurance plans.

At Art of Medicare, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (702) 776-7726 or Click Here to request a free quote.