Medicare Advantage Facts
The FACTS About Medicare Advantage
What is Medicare Advantage?
Medicare Advantage is an insurance option available to qualified seniors that replaces traditional Medicare benefits with insurance plans administered by private companies under contract with the federal government.
What’s the Catch?
At a glance, Medicare Advantage plans appear to offer similar coverage to that provided by traditional Medicare in a simpler package and at a lower cost. However, simplicity and lower monthly premiums typically come with tradeoffs.
Do the research
Research your options before deciding between a Medicare Advantage plan and a traditional Medicare plan. What appears to be a good deal may end up costing more or make getting health care more challenging. A thorough review of your coverage options is worth the effort. As always, anticipating your potential health care needs in the year ahead can help you choose the plan that is truly best for you.
DOWNLOAD the full PDF from the Colorado Hospital Association:
CHA.341-Medicare-Advantage-Fact-Sheet_consumer.pdf
Assistance researching or choosing a Medicare plan is available.
The Pikes Peak Area Agency on Aging - Senior Insurance Assistance
State Health Insurance Assistance Program (SHIP)
- (719) 471-2096 for information or to schedule an appointment
- 1 (888) 696-7213 to speak to a SHIP counselor toll-free