Here's how to compare 2016 Medicare Advantage Plans Follow these simple tips and find the best Medicare Advantage Plan for 2016.
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Medicare Advantage Plans are Medicare health plans offered by private insurance companies. All Medicare Part A and Medicare Part B benefits are included. Plans often include Part D drug coverage and extra benefits like dental and vision.
To learn about the differences between original Medicare and Medicare Advantage watch:
2016 Medicare Advantage enrollment tips:
Sources to find available plans:
Online Comparison site
Local agent or broker
Medicare.gov is a good place to start and will include all available plans, but in-depth plan information is not included. If you intend to compare plans by visiting plan websites, you will need to visit multiple sites.
Online comparison sites like PlanPrescriber allow you to compare multiple plans and often give you the opportunity to speak with a licensed agent toll-free.
Compare Medicare Plans — Call: (888) 310-0376 TTY 711
Meeting with a local agent can give you a one-on-one experience when you compare Medicare plans.
Review these resources:
Summary of Benefits — The Medicare advantage Summary of Benefits is a complete listing of all covered services and what you can expect to pay. Cost-sharing amounts may be in the form of deductibles, copayments, or coinsurance. Your Maximum out-of-pocket cost will also be included.
Medicare Advantage Provider Directory — Check for your primary care provider, specialists, hospitals and ancillary facilities.
Medicare Part D Formulary — The formulary lists all medications covered by the plan. Make sure all your drugs are covered and use a drug look-up tool to estimate your annual Part D costs.
The best 2016 Medicare Advantage Plan will include your providers, have reasonable out-of-pocket costs, include all your drugs and have an affordable monthly premium.