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Get more from a Medicare Advantage plan.

An alternative to original Medicare, these plans can be beneficial to many. Let SelectQuote help you figure out if it would be a good fit for you. There’s no obligation to enroll.

Get more from a Medicare Advantage plan.

We can help you better understand your Medicare options and get all the benefits you deserve. There’s no obligation to enroll.

What are Medicare Advantage plans?

Medicare Advantage plans—also known as Medicare Part C—provide an alternative to Original Medicare (Part A and Part B). Offered by private health insurance companies that are approved by Medicare, Medicare Advantage plans are legally required to offer at least the same benefits as Original Medicare but can include additional coverage, such as routine vision or dental benefits, prescription drugs or health wellness programs.

With a Medicare Advantage plan:

  • $0 premium plans and $0 deductible plans may be available in your area
  • Prescription drug coverage may be included
  • Additional benefits, such as routine vision, hearing and dental may be available
  • Gym memberships may be included

What to Consider Before Selecting the Right Plan

When choosing a Medicare Part C plan, you’ll want to consider the different plan types to ensure you have the health coverage you need. Insurance companies who offer Medicare Advantage plans provide six different types of plans as follows:

  • Health Maintenance Organization (HMO)
  • Preferred Provider Organization (PPO)
  • HMO Point of Service (HMOPOS)
  • Private Fee-For-Service (PFFS)
  • Medical Savings Account (MSA)
  • Special Needs Plan (SNP)
  • Health Maintenance Organization (HMO)
  • Preferred Provider Organization (PPO)
  • HMO Point of Service (HMOPOS)
  • Private Fee-For-Service (PFFS)
  • Medical Savings Account (MSA)
  • Special Needs Plan (SNP)

Note that not all of them are available in all areas. You’ll also need your own primary care doctor when you have a SNP, HMO or HMOPOS plan. When needing to see a specialist, HMOs and SNPs are the only plans that require a referral, and the HMO plan is the only one you must receive care from doctors in that network.

With the exception of the MSA plan, most Medicare Advantage plans include prescription drug coverage. If you want to have prescription drug coverage and you’re choosing an HMO or PPO Medicare Advantage plan, it’s important to select a plan that includes prescription coverage because you will not be able to purchase a stand-alone Medicare Part D plan if you have an HMO or PPO Medicare Advantage plan. SNPs are required to cover prescriptions. PFFS plans sometimes cover prescriptions, but if you have one that doesn’t, you can supplement it with a Medicare Part D plan.

The services offered and the fees charged by private insurers who carry Medicare Advantage plans can vary widely, but we can help you better understand the plans available in your area. Learn more by downloading our FREE Medicare Advantage Guide.

Click to learn more about Medicare Advantage Plans

The Cost of a Medicare Advantage Plan

Not only do Medicare Advantage plans have extra benefits, they are typically very affordable. If you enroll in an MA plan, you will continue to pay for your Medicare Part B premium as well as the cost of the Medicare Advantage plan, but many MA plans have $0 premiums and $0 deductibles.

Since Medicare Advantage plans are typically managed care and have networks of health care providers—such as a Health Maintenance Organization (HMO)—it’s important for you to stay in your network otherwise your plan may not cover your medical expenses or your costs may not apply to your out-of-pocket maximum.

Enrollment Options for a Medicare Advantage Plan

You may enroll in a Medicare Advantage plan:

Medicare plan details can change annually, so it’s always a good idea to compare your Medicare options each fall during Medicare’s AEP to confirm your health and prescription drug needs are covered by your Medicare plan in the coming year.

Another period to be aware of is the Medicare Advantage Open Enrollment Period (OEP), which runs from January 1-March 31 each year. If you are enrolled in a Medicare Advantage Plan, you have a one-time opportunity during OEP to:

  • Switch to a different Medicare Advantage Plan
  • Drop Medicare Advantage and return to Original Medicare (Parts A and B)
  • Sign up for a stand-alone Medicare Part D Prescription Drug plan, if you elected to return to an Original Medicare plan
  • Switch to a different Medicare Advantage Plan
  • Drop Medicare Advantage and return to Original Medicare (Parts A and B)
  • Sign up for a stand-alone Medicare Part D Prescription Drug plan, if you elected to return to an Original Medicare plan

Save yourself time and the hassle of navigating Medicare plans by working with SelectQuote. We independently shop some of the most trusted insurance companies so you can compare rates and find the right plan to meet your needs. There’s no obligation to enroll.

We do the shopping. You do the saving.

No obligation to enroll