What Does the Future of Medicare Look Like? Medicare Advantage?

Did you know that Medicare Advantage is the fastest growing Medicare segment? Out of the total Medicare population, Medicare Advantage, also called MA, makes up 42% or 26 million enrollees.

One of the main reasons for this growth is the new benefits offered by this plan. MA plans offer additional benefits not covered by Medicare Parts A and B. These additional benefits are:

• Vision Care
• Dental Care
• Prescription Drugs
• Hearing care and hearing aids

These additional benefits often serve as an enticing incentive to consumers. However, these additional benefits do have to be approved by the Centers for Medicare & Medicaid Services before being included.

In addition to these benefits, enrollees have the option to choose from over 30 available plan options.

And with more benefits being approved for use, plan providers may gain a greater flexibility with their pricing and coverage offerings.

With more Medicare Advantage plan options available from providers, the competition between insurance companies helps keep the cost low and more affordable.

With more insurance providers, offering options for MA plans, more people over the age of 65 will be more likely to enroll  in Medicare Advantage plans rather than Medicare Part A or Part B.

No one really knows what the future holds for Medicare, but with the new options available, the future does look brighter. Especially as the insurance providers continue to adapt and improve the options available to consumers.

Want to know more about Medicare Advantage in the Kansas City area? Call Advanced Insurance Concepts today and Jim Rooney will work with you to find the best insurance benefit solution. Advanced Insurance Concepts works with a variety of insurance companies and all Medicare Advantage providers in Missouri and Kansas. He is licensed to sell Health, Life and Accident Insurance, so call Jim Rooney for all your insurance needs.