What's a Medicare Advantage Plan and is it a good fit for me?
Let FCIS help you determine what's best for your needs.
This plan covers Medicare Parts A and B and some Medicare Advantage Plans also cover Part D prescription drug coverage. Medicare Advantage may also be called Part C.
Medicare Advantage Plans are provided by private insurance companies, but must cover all services covered by Parts A and B of Original Medicare. Medicare Advantage plans can also include additional services not covered by Medicare such as dental, vision, hearing, fitness and travel benefits.
Additionally, Medicare Advantage Plans may come with a premium, sometimes zero, and are in the form of:
- PPO (Preferred Provider Organization)
- SNP (Special Needs Plan)
- MSA (Medicare Savings Account)
- HMO (Health Maintenance Organization)
Most of these plans will provide coverage within a specific network of doctors and it is important to make sure that your doctor and/or hospital is covered when choosing these types of plans.
Q. If I don't like my plan, can I switch later?
Yes, but only during the Annual Enrollment Period. The Annual Enrollment Period for Medicare Advantage and Part D plan begins October 15 - December 7, each year. This is the only time during the year, outside of Special Enrollment, that FCIS will help you review and select the best plan for you.
Q. If I decide to go on Medicare, how do I sign up?
If you are already drawing social security, the social security administration will assume that you want Medicare, and they will send your card in the mail within a few months of your 65th birthday. If you are on Part A, but not Part B, be sure to complete a paper application, including the Request for Employer Information Form to be completed by your employer. If you do not plan to draw social security, and you are new to both Medicare A and B, you can apply online. Our agents are familiar with the online application system and can help. To apply online to social security click here.
Have questions about your options?
Contact FCIS today to see how we can help fill the gap and provide the best prescription coverage designed for you.
Our focus is not just on the bottom line. Our primary goal in working with clients is helping them find the products and strategies that fit their needs and offer the best solutions based on coverage and budget. Our approach is informative and our practice is service-oriented.