Medicare Advantage (No Part D)
Medicare Advantage plans must adhere to rules established by Medicare. Most of these plans include Part D drug coverage, although there are MA-only plans available for individuals who have creditable drug coverage from sources such as an employer, VA, or Tricare.
Typically, you’ll need to use health care providers within the plan’s network. Medicare Advantage plans set an annual limit on out-of-pocket costs for covered services, and some may offer out-of-network coverage for non-emergency situations, usually at a higher cost.
Medicare Advantage is a popular choice for many, as it allows you to receive your Medicare benefits through a private insurance company.
Is Medicare Advantage no Part D right for me?
Medicare Advantage plans often feature lower premiums, deductibles, and copayments compared to Original Medicare. They typically offer additional benefits not covered by Original Medicare, such as hearing aids, eyeglasses, and dental care. If these extra benefits are important to you, enrolling in a Medicare Advantage plan might be a good option.
These plans are often tailored for individuals with credible drug coverage from sources like their employer, VA, or Tricare. Despite the assumption that Medicare Advantage plans might cost more than Original Medicare, many actually offer lower out-of-pocket costs.
Remember, you must use the card from your Medicare Advantage plan to access your Medicare-covered services. If you have TRICARE, which includes prescription drug coverage, enrolling in a Part D prescription plan is typically not necessary. Keep your Medicare card in a safe place for any future needs.
