Are you not sure how Medicare Advantages plans work and wondering if they are right for you? If so, you'll want to know the following info about this type of health insurance plan.

What Are Medicare Advantage Plans?

A Medicare Advantage plan is considered Part C of Medicare. It is a health insurance plan that is offered by a private company, and includes coverage for things such as medical and hospital coverage, Part D medical coverage, and can even include dental and vision coverage that is not provided by Medicare. 

Do Medicare Advantage Plans Replace Medicare Coverage?

Be aware that you cannot have both plans at the same time. When you sign up for a Medicare Advantage plan, you are essentially giving up your normal Medicare coverage and replacing it with a new type of plan. However, the coverage is designed to be better than what you would normally get with Medicare.

Do Medicare Advantage Plans Cost A Lot Of Money?

The main benefit of a Medicare Advantage plan is that they are a very low-cost way to get the additional benefits that it can provide because the federal government is giving the private insurance provider a set amount of money based on what they feel your Medicare plan is worth. The private insurance provider is then hoping that you spend less than what they are given to ensure you. This is why a Medicare Advantage plan can sometimes have no premiums associated with them, but you can still get your Part D prescription drug coverage by signing up.

What Are Some Of The Extra Benefits That You Can Get?

In addition to dental and vision benefits, Medicare Advantage plans can include other benefits that are designed for seniors on Medicare. For example, you may be eligible for a meal delivery service, transportation services from the hospital, and even gym membership. 

Medicare Advantage is also considered an all-in-one plan, which can be appealing to some people. You'll use one type of insurance for all your benefits, and not need to figure out what type of insurance to use when you need to use it. 

What Is The Network Like With Medicare Advantage Plans? 

One thing to be aware of is that the network for a Medicare Advantage plan will be smaller than what you see with a regular Medicare plan. This is one of the ways that a Medicare Advantage plan is able to offer you many more benefits than regular Medicare. That said, you may be happy with the network if your current doctors are in it.