Reasons to Enroll in Medicare Advantage Plan

When shopping for Medicare plans, it is important to understand the differences between a Medicare Supplement Reno plan and a Part C Medicare Advantage Reno plan. Medigap Plans are known as Medicare Supplement Plans. For the most part, we recommend that consumers enroll in Medigap plans at 65 since they do not need to answer health questions during their Guaranteed Issue Period. But for some people, a Part C Medicare Advantage plan is the best option. So what are the best reasons to enroll in a Medicare Advantage Plan? This article will outline the main circumstances when a health insurance broker will recommend a Part C Plan.

#1: Affordability

One of the main reasons to enroll in a Medicare Advantage plan is the low premiums. For the most part, Medicare Advantage plans cost significantly less in price compared to Medigap plans. In some cases, Medicare Advantage plans have no premiums! For people who have frequent and expensive medical costs, these plans might not be a good option for you. Even though the premium is very affordable, the out of pocket expenses can be very expensive. Medigap plans will cover medical expenses significantly better and will potentially save you thousands of dollars.

#2: Under 65 Medicare Eligibility in Nevada

Consumers can qualify for Part A and Part B of Medicare before the age of 65. The Social Security Administration will deem you eligible if you have an approved disability. In Nevada, consumers cannot get Medigap plans before the age of 65. If you live in Nevada and qualify for Medicare before the age of 65, you will need to enroll in a Part C plan.

#3: Medigap Premium is Too Expensive

One of the main reasons to enroll in a Medicare Advantage plan is when your Medigap premium becomes to expensive. As people get older, their budget usually becomes smaller. Medigap premiums increase each year as you get older. If you are unable to afford your Medigap premium and you are healthy, we recommend transitioning to a Part C plan. To transition from a Medigap plan to a Medicare Advantage plan, we will need to apply during the Annual Enrollment Period. The Annual Enrollment Period starts on October 15th and ends on December 7th for coverage starting January 1st.

#4: Dual Eligibility with Medicaid

One of the main reasons to enroll in a Medicare Advantage plan is when you qualify for both Medicaid and Medicare. Depending on your eligibility, Medicaid will pay for some of your premiums. Medicaid may also pay for out of pocket expenses on a Medicare Advantage plan. While enrolled in both Medicaid and Medicare, you will have low costing out of pocket expenses. This will keep your insurance coverage as affordable as possible.

#5: Veterans with Coverage at VA

One of the main reasons to enroll in a Medicare Advantage plan is when you have coverage through the VA. Veterans can receive medical care at the VA. But what happens when a Veteran needs coverage elsewhere? Enrolling in a low costing Part C plan allows Veterans access to more doctors while giving them coverage for emergency situations nationwide.

When and How to Enroll

Depending on your Eligibility, you might be able to start a Medicare Advantage plan starting the beginning of next month! If you need help understanding your options and how to enroll, one of our licensed brokers will help at no cost to you. We represent every Medicare Advantage carrier in Nevada and can find the best plan for your needs.