Parts of MedicareMedicare Part C
An MA plan is administered by private insurance companies contracted with the federal government. So, you do not enroll at the Social Security office. You talk with a licensed Medicare agent like the ones at The Key Component Insurance.
What does Medicare Advantage cover?
You are still enrolled in Original Medicare under a Medicare Advantage Plan. However, MA plans may offer certain benefits that Original Medicare doesn’t cover, such as:
- Dental coverage
- Vision coverage
- Caregiver Counseling and Training
- Prescription Drug Coverage
What does Medicare Part C cost?
Some Medicare Part C plans have premiums as low as $0. However, this does not mean it is free. Medicare pays a monthly sum to the insurance carrier to provide your care. That’s how premiums can be at no-cost to you. So, be sure to talk to a Part C specialist at The Key Component insurance to see what you can qualify for!
Am I eligible for Medicare Part C?
Any Medicare beneficiary is eligible for Part C. As long as you are enrolled in both Medicare Part A and B you can purchase a Medicare Advantage plan. You cannot drop Part B. If you do so, you will lose Part C coverage. Also, you cannot have End-Stage Renal Disease. This is the only health question you will have to answer on a Part C application.
What will I pay out-of-pocket for Medicare Advantage?
Every Medicare Part C plan is required to have an out-of-pocket maximum. This amount is decided by Medicare each year. Currently, this number is $6,700. However, each plan differs and you’ll find many plans that set a lower maximum. This is a great value because Original Medicare has no out-of-pocket maximum. You are required to pay 20% of your services over and over.