Facts and information about Medicare can be difficult to understand. What does Medicare Plan C cover? How much does it cost. who pays for it, and when can I enroll? Read on to discover the answers to these questions and more.
Medicare Part C has been known as Medicare + Choice and is currently referred to as the Medicare Advantage Plan. The Medicare Advantage Plan is health coverage provided by private insurance providers that are approved by Medicare. To be enrolled in Medicare Part C, one must also be enrolled in Medicare Part A and B.
Enrollment can occur 3 months before after one turns 65. Changes can be made to a policy between November 15th and December 31st., and the open enrollment period is January 1st through March 31st. However adding or dropping prescription drug coverage may be restricted during this time. Other restrictions may include doctor and hospital choice. Depending on what type of Medicare Part C plan is preferred, the insured may have to choose in network providers for their medical needs.
Medicare Advantage (Part C) has to essentially provide coverage for whatever Part A and B covers. In addition to these benefits, Medicare Part C may also cover prescription drug plans, and vision and dental care. Many choose Medicare Part C coverage because the policy may cover some things that Medicare A and B does not.
Because you have to be enrolled in Medicare Parts A and B, the insured pays the Medicare Part B premium of $96.40 each month. In addition to the Part B premium, the insured is also responsible for paying the Part C premium. The price will vary on the type of plan that is utilized. Medicare Plan C provides additional benefits for those that are insured. Because this plan involves added cost, choosing an Medicare Part C plan should come only after careful consideration.