How Much Does Medicare Part C Cost Per Month?

bob sports app Advantage plans, often calledMedicare Part C, are an alternative option toOriginal Medicare. Instead of having to get separate Part A (hospital insurance), Part B (medical insurance), and prescription drug coverage, Medicare Advantage plans allow you to bundle your coverage together into one simple insurance plan.

然而,C不是由医疗保险部分the government, so you’ll have to pay for Medicare Advantage plans. How much does Medicare Part C cost per month? While your actual cost is dependent on several factors, you may be surprised by how affordable Medicare Advantage Plans can be. According to the Kaiser Family Foundation, the average monthly premium for enrollees of Medicare Part C plans was $25 for 2020.

With Medicare Advantage plans, Medicare pays a fixed amount toward your care each month to the private companies providing Medicare Part C plans.

While the average cost for Medicare Part C is $25 per month,it’s possible to get a Medicare Advantage plan with a $0 monthly premium. In fact, according to Kaiser Family Foundation, 60 percent of Medicare Advantage plan enrollees pay no premium for their plan, other than their医疗保险B部分溢价.

However, prices for Medicare Advantage plans can range widely. According to the National Council on Aging, plans can range from $0 to $270 per month. How much you’ll pay is dependent on your MA plan type.

DeductibleYour deductible ishow much you have to paybefore your Medicare Advantage plan begins to pay for covered services. For example, if you have a $2,000 deductible, you pay for the first $2,000 in covered services yourself.

Once you reach your deductible, you typically only pay your copayment or coinsurance for covered services, and your insurance pays for the rest of the cost.

In general, the lower your deductible,the higher your premium will be.

Once you reach your deductible, you may have a copayment or coinsurance.

CopaymentYour copayment is how much you pay for covered health services after you reach your deductible. For example, you may have a $20 copay for doctor visits. Once you reach your deductible, you’ll pay only $20 every time you see a doctor. Plans with lower monthly premiums tend to have higher copayments.

CoinsuranceThis is the percentage of health services you have to pay for after you’ve reached your deductible. For example, your plan may have a 20 percent coinsurance rate for doctor visits. Plans with lower monthly premiums tend to have higher coinsurance rates.

Understanding Medicare Part C

WithOriginal Medicare, you have Part A and Part B. Original Medicare is abob sports app , and most people don’t pay a premium for Part A insurance if they paid Medicare taxes while working. However, you do have to pay a premium for Part B coverage. For 2021, the Centers for Medicare and Medicaid Services announced that the standard monthly premium for Medicare Part B enrollees is $148.50.

Medicare Part C works differently than Original Medicare.Medicare Advantage plansare offered by private companies approved by Medicare. They bundle your Part A and Part B coverage together, and usually include prescription drug coverage (Medicare Part D), as well.

Medicare Advantage plans cover all the services that Original Medicare covers. However, you may be able to get coverage with Medicare Part C that Original Medicare doesn’t cover, such as vision, hearing, and dental care.

Medicare Advantage plans are a good option for people who want an alternative to Original Medicare. They tend to be convenient, all-in-one plans that offer more covered services.

When youenroll in a Medicare Advantage plan, you can choose a network type. You have the following managed-care health insurance options:

• Health Maintenance Organization (HMO)With an HMO, you typically have to stay within the network except for emergencies. And you need to choose a primary care physician. HMOs tend to have a lower cost than PPO plans.
• Preferred Provider Organizations (PPO)PPOs have in-network doctors and out-of-network providers. While it’s cheaper to go to in-network doctors, you can see out-of-network doctors if you wish without a referral.
• Private Fee-for-Service Plans (PFFS)Under a PFFS plan, you can go to any Medicare-approved doctor or hospital that accepts your plan’s payment terms. However, not all healthcare providers or facilities accept PFFS plans.
• Special Needs Plans (SNP)SNPsare for people with specific diseases or characteristics. Typically, you need to visit doctors and healthcare facilities within the network.

Choosing a Medicare Part C Plan

Now that you know how much Medicare Part C costs per month, you can start planning for the Medicare enrollment period andshop for a Medicare Advantage plan. If you’re not sure what plan is right for you, use theMedicare Plan Finder toolto view coverage options, see what plans cover your medications, and compare costs.