As principal advisor of Health Plan Markets, Justin Jacobs guides clients through their healthcare insurance options. Coordinating with WellCare, Humana, and CarePlus—proven leaders in the health insurance industry—Health Plan Markets is able to provide its clients with a wide range of products to choose from. Among those products are Medicare Advantage plans.
Medicare Advantage plans are covered by Medicare Part C of the Medicare program. Although Medicare is federally funded, Medicare Part C allows private insurance companies to contract with the government to provide Medicare benefits to those eligible for Medicare. These Medicare Advantage plans must provide members with Part A (hospital care) and Part B (non-hospital medical and preventative care), the same coverage as provided by original Medicare.
One advantage of Medicare Advantage plans is that they can offer various benefits in addition to those provided by Medicare, and members have the flexibility to create a plan and payment structure that works best for them. In addition to Part D prescription drug coverage, Medicare Advantage plans may offer dental care, vision care, and more, all combined into one comprehensive health plan. Unlike Medicare, Medicare Advantage plans also cap out-of-pocket expenses.
