Under Medicare Advantage, Medicare contracts with private organizations to handle your Medicare Part A and Part B benefits. Each year a Medicare Advantage contract may be renewed, changed or terminated.
You are eligible to enroll in a Medicare Advantage plan if you
- Are enrolled in both Medicare Part A and Part B and
- Reside in the plan’s area and
- Don’t have permanent kidney failure
Before you enroll in a Medicare Advantage plan it’s important to know the following:
- Each year plans can change benefits, premiums, service areas, provider networks (if applicable), and can terminate their contract with Medicare
- Whether or not all of your providers (physicians, hospitals, etc.) accept the plan.
- You do not need a Medicare supplement insurance policy. In fact, Medicare supplements cannot pay benefits when you are enrolled in a Medicare Advantage plan.
- You must have both Medicare Parts A and B and live in the service area for the plan.
- You must stay in the plan until the end of the calendar year. (There are a few exceptions)
Important note: Before you enroll in a Medicare Advantage Plan check to see if your doctors, hospitals and other providers accept the plan.