Enrolling in a Medicare Advantage plan online can be a convenient and efficient way to get coverage for your healthcare needs. Medicare Advantage plans are an alternative to Original Medicare and are offered by private insurance companies approved by Medicare. These plans offer the same benefits as Original Medicare but may also include additional benefits.
In this guide, we'll review some of the details of Medicare Advantage plans, including how they work and when you can enroll in one. We’ll also share how you can research the available Medicare Advantage plans in your area, pick one, and enroll in a Medicare Advantage plan online.
Medicare Advantage, also known as Medicare Part C, is a type of Medicare plan that private insurance companies provide as an alternative way of receiving your Medicare benefits.
A Medicare Advantage plan typically covers everything that Medicare Part A and Medicare Part B plans offer but may provide additional benefits such as vision, dental, and prescription drug coverage. Medicare Advantage plans may also have lower out-of-pocket costs than Original Medicare, including lower copays and deductibles.
Additionally, many Medicare Advantage plans may require participants to have a referral from their primary care physician before seeing a specialist. But all plans have an annual limit on how much you'll have to spend out of pocket for your healthcare expenses.
When you choose a Medicare Advantage plan, you may be required to use the insurance company’s network of healthcare providers. However, you may be able to save money on healthcare costs by using in-network providers. Medicare Advantage plans typically have low monthly premiums, but they may require higher cost-sharing, such as copays and coinsurance for certain procedures or services. In some cases, these additional costs can be offset by the included benefits offered by the plan.
While the services and procedures covered under Original Medicare and Medicare Advantage are very similar, there are a few differences between these programs.
One of the most important differences between a Medicare Advantage plan and Original Medicare is that a Medicare Advantage plan gives you out-of-pocket spending protection. Every Medicare Advantage plan has an annual Out of Pocket Maximum (OOPM) amount, and you will never pay more than this amount in any year.
Meanwhile, your costs can potentially be unlimited under Original Medicare. And while these costs can be affordable, some medical treatments can add up quickly. Under Original Medicare, you will be responsible for paying at least 20% of these costs, which can add up quickly. But Medicare Advantage plans protect you from this.
Another difference between Original Medicare and Medicare Advantage is that Medicare Advantage plans may provide additional benefits, which are coverages for services or procedures that are not normally covered by Part A or B. Some of the most common additional benefits may include:
But it’s important to understand that not every Medicare Advantage plan will offer all of these additional benefits.
While you’ve likely seen all kinds of advertising for Medicare Advantage plans, it’s important to first have a good grasp on what these plans are and how they work.
If you’re planning to enroll in a Medicare Advantage plan, then you should know the different kinds of plans available to you. There are many different kinds of Medicare Advantage plans, but the 3 most common types are:
Both HMO and PPO plans utilize networks of providers like doctors, labs, and hospitals. In the case of HMO plans, you’ll be required to use network providers, but PPO plans give you the flexibility to see non-network providers.
Special Needs Plans (SNP) can be either HMO or PPO based. These plans are designed to help people with specific conditions, and they are not generally available to the public at large. There are SNP Medicare Advantage plans designed for people:
To qualify for a Medicare Advantage plan, the first key thing to know is that you need to be actively enrolled in Part B and entitled to Part A. There are no age or health requirements. If you qualify for Parts A and B, you can get Medicare Advantage coverage.
When choosing a Medicare Advantage plan, you should consider your healthcare needs and budget to decide which plan is best for you. It's also necessary to check that your healthcare providers are in the plan's network before enrolling.
There are a few enrollment windows for Medicare Advantage plans:
The first time you can enroll in a Medicare Advantage plan is during your Initial Enrollment Period (IEP). This is a seven-month period that starts three months before the month you turn 65 and ends three months after the month you turn 65. If you're already receiving Social Security or Railroad Retirement Board benefits when you turn 65, you'll automatically be enrolled in Medicare Part A and Part B, and you'll have the option to enroll in a Medicare Advantage health plan during your IEP.
If you miss your IEP, you can still enroll in Medicare Advantage during the Medicare Annual Enrollment Period (AEP), which spans from October 15th to December 7th each year. If you have Parts A and B, you can enroll in a Medicare Advantage plan (or switch plans) during this yearly window.
During the fall Medicare Annual Election Period, you can switch from Original Medicare to a Medicare Advantage plan, switch from one Medicare Advantage plan to another, or switch from a Medicare Advantage plan back to Original Medicare. You can also add or drop Medicare Part D prescription drug coverage during AEP. It's crucial to note that if you enroll in a Medicare Advantage health plan during AEP, your coverage won't begin until January 1st of the following year.
If you already have a Medicare Advantage Plan, you get a second opportunity to change your coverage during the Medicare Advantage Open Enrollment Period. The MA-OEP is from January 1st to March 31st of each year.
Note: You can only use this enrollment window if you already have a Medicare Advantage plan. You can’t use this period to get into a plan for the first time.
You may also qualify for a Special Enrollment Period (SEP) based on your circumstances. A SEP is a period of time outside of the annual open enrollment period during which individuals can enroll in or make changes to their Medicare coverage. Some qualifying events include losing employer or union-sponsored health insurance, moving to a new location that's not in the coverage area of the current plan, or becoming eligible for Medicaid.
Enrolling in a Medicare Advantage plan online can be a convenient and efficient way to get coverage for your healthcare needs. When you enroll in a Medicare Advantage plan online, you have access to a wide range of plan options, allowing you to select the plan that best meets your needs and budget.
Get started today by using our Medicare Advantage plan comparison tool, which can match you with a Medicare Advantage plan in your area based on plan availability and what’s most important to you.
Once you enter your zip code & fill out a brief form, our HealthInsurance.com Medicare Advantage plan comparisons will bring you to your ”top plan match” as well as all other plans that meet your requirements. You can compare Medicare Advantage plans online based on premium cost, deductible, benefits, and their respective star ratings.
Once you’ve found a Medicare Advantage plan that fits your needs, you can simply click the “enroll now” button to get started. The enrollment process can be completed online easily and securely. Most online enrollments only take a few minutes to complete, and you can do it from the comfort of your own home.
If you still have questions, you can save your plan for later or call our licensed insurance agents at 1-800-620-4519 (TTY 711) weekdays from 8.am. to 8 p.m. with your Medicare Advantage questions.
Medicare evaluates plans based on a 5-star rating system. These star ratings are based on various factors such as member satisfaction, customer service, drug pricing, and how well the plan manages chronic conditions. By reviewing these ratings when choosing a plan, you can make a more informed decision and potentially find a plan that better meets your needs and preferences.
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