How Do Medicare Advantage plans Save You Money?

With the right kind of plan, it’s easy.

A picture of a piggy bank.

For many people weighing their Medicare options, a Medicare Advantage plan is the obvious choice. But not all plans are the same. The key is to find an “all-in-one” plan offering comprehensive coverage that often includes prescription drugs and many valuable extras, like vision, dental and hearing benefits.

You get protection against unexpected costs.
Medicare alone does not cover all of your medical costs. The 20% that you’re responsible for under Original Medicare could cost you hundreds or even thousands of dollars a year. You just don’t know.

Medicare Advantage plans offer 100% coverage for Medicare Parts A and B deductibles. You get predictable costs that you can figure into your monthly budget, so you’re not blindsided by big bills. You get low doctor copays, too.

Even better, these plans work to safeguard your savings by limiting the amount of money you spend out of pocket in a given year. This is called “Maximum Out-of-Pocket Cost,” and it provides you with some real peace of mind.

Some plans include prescription drug coverage.
Not all Medicare Advantage plans include prescription drug coverage. Look for the right plan with prescription coverage built in, so you don’t have to pay for a separate Part D prescription drug plan.

You can get a lot of added benefits, like a fitness membership.
Some zero-dollar Medicare Advantage plans look great until you see what’s missing: Money-saving benefits like a fitness membership. Make sure your plan includes one!

Whether you’re on Original Medicare alone or a Medicare Supplement plan, it pays to consider an all-in-one Medicare Advantage plan for more value, more benefits and more savings.