Medicare Part C Premiums, also known as Medicare Advantage, MA, or MAPD, are managed by private insurance companies. Therefore, the premium varies by the insurance company as well as the type of plan you are purchasing.
Medicare Part C premiums can be based on Plan Type
Additionally, Medicare Part C premiums can also vary depending on the type of plan selected, and also the company offering the plan. For example, if you are looking at an MAPD PPO plan (which is different from a Medicare Supplement Insurance Plan), then the cost will typically be different from an MAPD HMO plan.
Medicare Part C Premiums can be based on the Coverage Area
Also, your coverage area will also determine the monthly premiums as well. If you are living in a competitive area, such as Los Angeles, CA, you might be able to find multiple plans with a zero premium.
If you would like to see what plans are available in your area, you can look at your Medicare and You booklet that you receive in the mail every year. You can also go to Medicare.gov for more information. The site will also give you the Medicare Part C Premiums as well.
MedicareQuick offers most plans in the areas we service. Not only do we offer Medicare Advantage, Part C, plans, but we also offer Prescription Drug Plans and Medigap plans. If you'd like to view a short video on the differences between original Medicare, Medicare Advantage (Part C) and Medigap, go to http://MedicareQuick.com/course. The video called Making Medicare Decisions is 15 minutes long and you'll have a basic knowledge of these two plans when you are finished watching.
Many of our clients didn't understand the difference between Part C and Medigap when they first came to us. They didn't understand what the difference was between a zero premium Part C plan and a Medigap plan that was costing over a hundred dollars a month. What was the difference? Why choose one plan over the other?
That's why we created these videos. It allows you to learn from the privacy and comfort of your own home. No pushy salespeople will try to sell you a plan that doesn't work for you. (And yes, almost all plans are “sold” whether there is a premium or not!).
If you would like more information on plans in your area and what they cover versus what premiums they charge, please give us a call at 866-445-6683 or click here, and we would be happy to discuss your options with you.