Medicare Advantage Plans are a popular option for many Baby Boomers. The cost many times is the same or not too much more than the cost of regular Medicare.
The Medicare Advantage program was began under President Bill Clinton back in 1997 and was not created under Obama Care as many people think.
Medicare Advantage Plan Explained
The Medicare Advantage Plan is just a private insurance plan that you join and which may work like your current medical insurance plan. In other words, a network plan where the federal government pays for private health coverage in lieu traditional Medicare. Under the Advantage Plan you have your own summary of benefits and your plan will pay your medical providers instead of paying Medicare.
Some baby boomers will find a better value in a Medicare Advantage plan. I am turning age 65 in a few months and have decided to go with an Advantage Plan which includes prescription drug coverage and The Silver Sneakers program which will pay for my gym membership. The cost of my Advantage plan is the same as traditional Medicare. So far I have been lucky not to have too many health or medical problems so I think this plan is best for me. The Advantage plan will put a limit on your out of pocket medical health spending compared to the original Medicare which does not.
But no plan is best for all baby boomers, so compare the Advantage plans with the Supplement plans and see which best meets your needs.
Contact any of the major medical health insurance company for more information and for an estimate. Many of these insurance companies give Baby Boomers a free Medicare Advantage seminar to explain the plan program and answer your questions.
More information on Medicare Advantage Plans here.
November 1, 2020: Open Enrollment started — first day to enroll, re-enroll, or change a 2021 insurance plan through the Health Insurance Marketplace®. December 15, 2020: Last day to enroll in or change plans for 2021 coverage.
Hi
I really like your suggestion about Medicare Advantage Plan. I’ll look one in my state.
Thanks once again.
I really like reading about the Silver Sneakers program. The activities are really interesting. We don’t have it here – I wished we do.
It’s amazing how many Baby Boomers turn 65 everyday. I think the number is around 10,000 everyday! That must create a huge market for life and health insurance sales.
We are linking to this great
post ……..!
One of the problems is lots of boomers that are turning 65 don’t know how to get the correct information and how to take advantage of it.
really loved the medicare advantage plan . It is amazing . I will definitely take a look at it. Thanks for sharing. 🙂
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Thanks for the article! *Bookmarked*
Thanks for filling in some gaps about Medicare Advantage Plan that I didn’t know. It will help me make decisions about my choice of plans.
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Plan. I’ll look one in my state.
Thanks once again I really like your suggestion about Medicare Advantage
Medicare Advantage is a network plan where the federal government pays for private health coverage in lieu traditional Medicare.Its really helpful for baby boomers..
Thank’s for clearing up some of the confusion about Medicare…
I have to say, I don’t like being a cynic, but the health insurance problem in this country is unbelievable.
I will admit that the new health care website changes did make it easier to obtain health insurance at a reasonable rate, but I feel like the U.S… as a powerhouse nation should not be facing these sorts of issues.
I guess it’s a step in the right direction, though.
We’ll get there eventually!
Thank you very much for this information. I’m looking into medicare insurance plans to see if any of them are right for me. I like what you said about the Medicare Advantage Plan including prescription drug coverage. I have a few prescriptions and it would be great to have them covered by insurance.
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I’m checking out medicare insurance plans to see if any of them correct for me.
Thanks for the info!
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A great post, indeed. This post also demonstrates the advantage of reading: I had no idea that the Medicare Advantage program began under Bill Clinton. Thanks for clearing this up for us, myself especially. I think its a good plan, and thank you so much for sharing. 🙂