Mark Farrah Associates found that the number of people with Medicare Advantage Plans increased by 1.151 million between February 2011 and February 2012. As of February 2012, 13.3 million people had enrolled in an Advantage Plan. This is 27 percent of the 49.3 million seniors who became eligible for Medicare.
You can enroll in one of the Medicare Advantage Plans directly or through an employer-sponsored retiree plan. The Farrah report showed that about 18 percent of enrollees are in employer-sponsored group health insurance plans. The low premiums and the extra benefits offered by Medicare Advantage Plans are what make them so attractive.
Medicare Advantage Plans even accept pre-existing conditions, except for end-stage renal disease. The extra benefits include things Medicare doesn’t offer, like dental and vision benefits and some can even include free health club memberships.
Unfortunately, these plans are not available in all areas and they do have some restrictions. We can help you research whether you can get an Advantage Plan and there’s no charge for our assistance. Some people have access to more than a dozen Medicare Advantage Plans. Find out more with our online educational resources and you can call us for a free confidential consultation.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.