What Is A Medicare Replacement Plan?





It can be confusing to learn about the ins and outs of the Medicare system. With many different “Parts”, a lot of people find themselves quickly becoming overwhelmed and confused. To many of these individuals, the thought of a Medicare Replacement Plan becomes quickly appealing.

What Is It

A Medicare Replacement Plan is a plan that promises to replace the same cover that is provided by Medicare. Oftentimes, these types of replacement plans are provided by insurance companies such as Humana and others. While the thought of replacing the confusing and often unwieldy Medicare with another plan can be tempting, there are potential downsides.

The Downsides

Though these plans promise on the surface to replace all of Medicare, many elderly individuals who trade in their Medicare for a Medicare Replacement Plan will find themselves receiving a significantly less effective health care. In many cases, individuals who get a Medicare Replacement Plan will find themselves being denied for many things that they would’ve immediately been accepted for while on Medicare. Some people do not even realize this until the first time they require something that they have previously received on Medicare. They will go in, expecting their Medicare Replacement Plan to cover it, only to find out that it doesn’t.

Are They Worth It

Having a replacement plan can greatly simplify some of the things involved with Medicare but often at the cost of greatly reduced health care. Any senior who is finding themselves confused about the ins and outs of Medicare would be better served by turning to Medicare officials for explanations, rather than trying to find a replacement. In the future, there may be a Medicare Replacement Plan that can truly replace Medicare. But until that day, individuals are usually much better served by remaining with their existing Medicare.



5 Responses to “What Is A Medicare Replacement Plan?”

  1. Jayne Benavides says:

    How do you re-enroll in medicare. My sister would like to know . she now has Bravo and is not happy with their plan.

  2. Does a medicare replacement plan pay for a nursing home care?

    • Adam L says:

      Debbie
      Probably not, Although each plan is different, Medicare does not cover nursing home care on their own so a replacement plan, more commonly called a Medicare Advantage or Part C plan, is not required to cover it. If you find a plan that does cover nursing home care the premium would be much larger than a normal medicare or an Advantage plan due to the high cost of nursing home services. Hope that helps!

  3. Elaine says:

    I would like to know the difference between medicare advantage and medicare replacement.

    My doctors and hospital are taking one of these now and I would like to know which is which

  4. Darlene says:

    Replacement plans / advantage plans – they are one and the same. Medicare probably just started calling them Advantage plans to make them sound better.