What is Medicare Advantage?

A Medicare Advantage plan is a personal medical insurance plan approved by Medicare. You might opt to get your Part A, B, and D gain from a Medicare Advantage plan instead of standard Medicare. These Medicare private insurance coverage plans generally have a PPO or HMO doctor network.

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Medicare Advantage is also referred to as Part C of Medicare

Low monthly premiums | Medicare Advantage Plans | First Manhattan Financial
Low monthly premiums
Outpatient medical coverage | Medicare Advantage Plans | First Manhattan Financial
Outpatient medical coverage
Inpatient hospital benefits | Medicare Advantage Plans | First Manhattan Financial
Inpatient hospital benefits
Part D drug benefits | Medicare Advantage Plans | First Manhattan Financial
Part D drug benefits

Medicare Advantage Plans

Offered from private, Medicare-approved insurance providers, Medicare Advantage policies (Part C) are marketed to customers under such companies as Aetna, Cigna, and Blue Cross Blue Shield Medicare plans. There might be no premium or a lower one compared to the considerable premiums for Medigap and prescription drug insurance coverage policies. Medicare Advantage plans cover health centers and medical professionals and often also consist of prescription drug coverage and some services that are not covered by Medicare. A bit more than one-third of Medicare recipients pick among these plans.
Many Medicare Advantage plans operate as a health care organization (HMO) or preferred supplier company (PPO) insurance coverage. HMOs set limits for members to use the doctors and hospitals in their networks. PPOs typically let members get care outside the plan’s network, but members might need to pay more for such care. Some plans need prior permission for expert care or treatments, and/or a referral from a medical care physician. Plans may not cover care offered beyond the network’s geographical area. Additional benefits not covered by regular Medicare, such as spectacles, regular oral care, or health club memberships, may be used.

How to compare Medicare Advantage plans.

Since Medicare Advantage plans are readily available through Medicare-approved personal insurance provider, the costs and advantages may differ by plan, and not every plan will be available in every place. When comparing Medicare Advantage plan alternatives, there are lots of factors to consider:
Does the monthly premium represent a good worth? Some of the Medicare Advantage plans may have premiums equal to $0 but keep in mind that you’ll still require to keep paying your Medicare Part B premium, in addition to any of copayments, coinsurance, or deductibles that your plan needs.

It is very important to understand

Is an annual deductible amount something you are comfy with?
What are the preliminary coverage and out-of-pocket limitations? Different from Original Medicare, every Medicare Advantage plan has an annual maximum cost limitation; once you reach this limitation (which consists of the deductible), the Medicare Advantage plan covers 100% of covered medical expenses for the remainder of the year.
Does the plan consist of additional advantages, such as routine vision or dental, hearing, or health care?
Does the plan include coverage for drug prescription? Are your current medications included in the plan’s formulary or list of covered drugs? What are the copayment and coinsurance amounts for the medicines you take? (Please note that the formulary goes through altering; you’ll be informed by your Medicare plan if necessary).
Does the plan have a provider network? If so, are your present physicians, and health-care suppliers consisted of? (Please note that provider and pharmacy networks might alter at any time; you’ll be notified by your Medicare plan if needed).

Medicare advantage plans ratings

What are the best medicare advantage plans? What is the plan’s star ranking? Star scores are one method to assess a Medicare Advantage plan’s efficiency. Each plan is given a ranking between 1 to 5 stars, with five stars being the highest quality rating*.
* Medicare examines plans based on a 5-Star score system. Star scores are determined each year and may alter from one year to the next.
Every person is different, so you’ll wish to thoroughly research Medicare Advantage plan options due to your specific health needs and budget. Keep in mind that plan expenses, advantages, service locations, and provider networks may all alter from year to year, so it’s an excellent idea to examine your coverage every year and make sure it still matches your situation well. Making an effort to look around and compare Medicare Advantage plan alternatives in your area could save you money on out-of-pocket expenses.
If you’re ready to begin searching plan choices, First Manhattan Financial Medicare plan contrast tool may work. You can discover Medicare plan choices based on location, insurance coverage company, premium cost, and more. Our plan finder tool is a convenient method for you to compare plan details side-by-side to guarantee that the most crucial aspects of your health-care needs are covered.
If you’d choose to get assistance over the phone, you can likewise provide us a call to talk with a certified insurance agent. Contact First Manhattan Financial today to get personalized assistance with your Medicare coverage needs.

Medicare Quote & Enroll


  • Conventional Medicare provides excellent basic health protection; however, it pays just about 80% of authorized expenses for health centers, medical professionals, and medical treatments. It typically doesn’t cover prescription drug expenses or such things as routine dental care.
  • Medigap supplemental insurance plans are created to fill Medicare Part A and Part B coverage spaces.
  • To prevent charges and gaps in coverage, the majority of people should register for Medicare Part A (medical facility insurance) and Part B (medical insurance coverage) within the seven-month window that starts three months before to the month you turn 65 to 3 months after your 65th birthday.
  • You can pick to get your Medicare Part A, and Part B benefits through a Medicare Advantage plan. They frequently consist of advantages beyond Part A and Part B. Private, Medicare-approved medical insurance companies offer such plans.
  • Although Medicare Part D drug prescription coverage is optional, if you don’t get it as either as a stand-alone plan or as part of a Medicare Advantage plan, there may be punitive damages if you need to purchase a policy later on due to the fact that you require costly drugs.
  • Consider plan expenses, plan doctors, benefit, your way of life and itinerary, your health, and any fringe benefits in making your Medicare coverage options.


It is a great deal for those who is looking for low cost plan with Medicare creditable drug coverage.

If it is HMO plan, then Dr has to be in network.

MAPD plan becomes primary.
Medicare Advantage Plan can cost as low as $0/month.
MAPD plan can be a great fit for many Medicare beneficiaries.

Medicare Advantage plans have an advantage of offering additional benefits, and disadvantages of having a certain network of providers.