Medicare Supplement Store Blog
Medicare Advantage Plans have grown in popularity. The Centers for Medicare and Medicaid Services data shows that almost one-third of all Medicare enrollees are enrolled in Medicare Advantage Plans. In fact, that's up from 26% five years ago.
So, what's causing this rise? And what are the things you need to learn about Medicare Advantage Plans? Let's dig deeper.
Why Many Apply to MA Plans?
MA plans that provide elderly Americans with the same level of health insurance as they did when they worked have grown in popularity. Since its start, the original Medicare provided simple health insurance to compensate doctors and hospitals for services delivered for 20 years.
You can choose to receive traditional Medicare pay-per-service insurance or join an MA plan that the federal government pays a lump payment. Unsurprisingly advantage plan participation grew 10% between 2020 and 2021. The increase in MA plan enrollments is due to the numerous additional advantages that MA plans give.
Advantages of an MA Plan
Being a member of an MA plan is somewhat different from receiving care under traditional Medicare. Enrolling in an MA plan brings the following advantages:
MA plans have several advantages. That's why many choose it over Original Medicare. Private companies recognized by Medicare also provide Medicare Advantage Plans.
At Medicare Supplement Store, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (732) 252-8828. Get your free quote today by CLICKING HERE. The coverage discussed is not guaranteed. Please contact our agents to make sure you have adequate coverage and your needs are being met. We are happy to help!