What Is Part C?
Part C, also known as Medicare Advantage, is sold through private insurance companies. It’s the alternative to enrolling in Original Medicare, which consists of Parts A and B. Part C allows for beneficiaries to customize their coverage and pick the areas which fit their medical needs. Being able to do this can lower medical bills and allow access to health services.
What Coverage Does Part C Provide?
At its most basic level, Part C will always provide the coverage Original Medicare does. The difference lies in the extended coverage that can be added to a Medicare Advantage policy. If an individual wears glasses or gets regular vision checks, they may choose to add vision coverage. Hearing, vision, and dental coverage are not included within Original Medicare. If you know that you’ll be using these services within the coming benefit year, consider if a Part C plan could be right for you.
Costs for Part C
Because Part C is sold through private insurance companies, the price ranges. They decide on many of the pricing factors, so it’s important to research and find a reliable, affordable provider in your area. For the most part, Part C plans don’t charge a monthly premium. If your policy does include a premium, that will need to be paid, as well as your Part B premium. Some plans do include coverage for the Part B premium, possibly offering partial or full coverage.
Not all Part C plans have yearly deductibles. However, some may have other deductibles that beneficiaries are responsible to pay. Copayments and coinsurances can greatly impact how much you’ll be paying out-of-pocket for Part C. Be sure to fully understand the additional costs that can be associated with a plan before enrolling.
There are many different factors that could increase or decrease your medical bills. If you’re enrolled in a plan with a provider network, it’s always best to seek medical attention from those within that network.
Is Part C Right for You?
One of the biggest reasons why some are hesitant to enroll in Part C is that they won’t be eligible to enroll in Medigap. If you’re wanting Medicare Supplemental Insurance, you’ll need to enroll in Original Medicare and cannot be using Medicare Advantage. If you think Part C is right for you, we’d love to discuss your options; contact us today!