Medicare Advantage (Part C) plans are Medicare-approved, but offered by private insurers. These Medicare plans combine hospital costs, doctors’ visits, outpatient care, and often Part D prescription drug benefits into one plan. There are many out of pocket costs, and in some cases, very restrictive networks. Some plans may also offer vision, dental, hearing and/or health and wellness programs at an extra cost. Most people enjoy the low monthly rate, until they have a major health event, then they realize why their rate is so low as these plans have large out of pocket expenses.
- These plans often require you to pay copays and annual out of pocket expenses
- The doctors and hospitals you go to are usually a part of a network
- You may also need a referral to see a specialist