5 Medicare Advantage Rules to Live By
Also known as Medicare Part C, Medicare Advantage plans are offered by private insurance companies, and are designed to cover participants' Medicare Parts A (hospital insurance) and Part B (medical insurance) benefits, and many plans offer additional types of coverage as well, such as prescription drugs, dental, or vision benefits. Since these plans are not well understood by many seniors -- especially those who are just reaching the age of Medicare eligibility -- here are five rules you should keep in mind when considering a Medicare Advantage plan.
Since Medicare is widely accepted, and Medicare Advantage plans are offered by private insurance companies and have their own networks, it's important to realize that your current doctor(s) who accept Medicare may not be considered "in-network" by your new plan. Assuming you like your doctors and want to continue to see them, this is an important thing to research before you sign up for a Medicare Advantage plan.
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Source: Fool.com
