Medicare Advantage Plans are private plans that offer Medicare benefits with added features and services. The plans are offered by hospitals, private insurance companies, or other organizations. The advantage of a Medicare Advantage Plan is that it gives you more choices and control over your care.
Medicare Supplement Plans, on the other hand, are administered by your local Kentucky State Employee Insurance Agency. Resolve all your queries regarding medicare advantage plan in Indiana at https://urmedicare.org/medicare-advantage/.
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Kentucky State Employees who have reached the age of 65 and have been covered by Medicare just need to pay their monthly premium (if they are on a traditional policy), or if they are under 65 years old they can enroll in a Medicare Supplement Plan.
No enrollment fees are required. The plans offer some added benefits, such as prescription drug coverage that is not available for traditional Medicare. The annual deductible for many Medicare Supplement Plans is $1,000 whereas Traditional Medicare does not have any deductible.
Here are some tips to help you choose the right Medicare Advantage plan for you:
1. Consider your health care needs. Are you expecting to need hospital or doctor services regularly? Do you want a plan with specific benefits, like extra mental health coverage?
2. Look at the premiums. How much will the premiums for the Medicare Advantage plan be per month? Compare this to what you would spend on traditional Medicare alone.