At Iora Primary Care, we understand health insurance plans can be confusing, and Medicare Advantage is no exception. As a primary care doctor’s office with the majority of our patients on a Medicare Advantage plan, we want to help dispel common myths you may have heard about Medicare Advantage.
Myth #1: Enrolling in a Medicare Advantage plan means that you no longer have Medicare.
Truth: Medicare Advantage is also known as ‘Part C’. Medicare Advantage covers everything that traditional Medicare provides ‘Part A’ and ‘Part B’, as well as additional benefits which may include dental, vision or hearing coverage.
Myth #2: Medicare Advantage plans are more expensive than traditional Medicare.
Truth: What you pay for Medicare Advantage can depend on several factors. However, there are plenty of Medicare Advantage carriers out there that offer $0 premium plans. And, Medicare Advantage plans may be less expensive than a Medicare Supplement or Medigap plan, depending on your own individual situation. Members with traditional Medicare only with no Supplement or Medigap plan have no limit on what they pay in a plan year and are on the hook to pay 20% of all medical costs—this can put folks at huge financial risk if they have a medical issue.
Myth #3: You do not have dental, vision or hearing coverage under Medicare Advantage.
Truth: Many Medicare Advantage plans include coverage for vision, hearing and dental. Most Medicare Advantage plans even bundle in prescription drug coverage into one plan, so you don’t have to join a separate prescription drug plan.
Medicare’s Annual Election Period ends December 7—now is the time of year to review your options and consider if Medicare Advantage is right for you.
A Doctor’s Note: Each year during Medicare’s Annual Election Period, we encourage all of our Medicare patients to review their options, as plan costs and benefits can change each year, and ensure they have the Medicare plan that is right for their individual situation.