Cost of Medicare Advantage Plans

When reckoning the price of a Medicare Advantage plan, it is recommended to be aware that insurance coverage can be budgeted, but unexpected poor health cannot. Particularly when you retire, it is essential to figure out what you require spending on a monthly basis.

Medicare Advantage Plans vary from each another according to the monthly premiums. Components that can possibly determine your monthly premiums are:

Medicare HMO Plans

  • Does your selected Medicare Advantage plan require a monthly insurance premium?
  • Is Medicare Part B premium completely or partially covered under the plan?
  • Does your Medicare Advantage program have yearly deductibles?
  • Does your Medicare Advantage plan have co-payments for physician visits?
  • What kind of Medicare health care services do you require?
  • How frequently do you want to visit your physician?
The costs that you need to pay for Medicare Advantage Plans on a monthly basis are likewise ascertained by your willingness to stick to the program you are under, such as utilizing the doctors and hospitals within the network. Instead of wondering what Medicare Advantage will probably cost you, it is advised to request a free and quick Medicare quote at our website.  

What you Need to Know About Medicare Advantage Plans:
In case you prefer to buy Medicare Advantage Plan, you need to drop your Original Medicare plan and enroll with some private Medicare Supplement Company that is providing the plan. You must register at the time of open enrollment which takes place yearly from January 1 to March 31.

Medicare Advantage Programs may be a better option in case you want to buy an affordable Medicare Health Insurance plan. But, one must always keep in mind that cheapest is not invariably the best. Make it a point to compare actual monthly premiums in addition to:

  • Co-insurance (the money that you pay to your HMO doctor each time you visit him/her)
  • Percentages (the amount that you pay each time you visit PPO or PFFS physician)
  • Deductible (the amount you ought to pay before the Medicare Supplement Company will pay a claim)
  • Hospital Coverage (differs from plan to plan)
  • Prescription drug benefits
  • Yearly limit on out-of-pocket expenses.
  • Make sure that your physician lies within the network. In case you want to move out of the network, you will have to pay some extra money.
  • Does your Medicare Advantage Plan cover eye, hearing and dental check-up?
  • It is not mandatory to register under Medicare Advantage Plan in order to get Medicare Part D prescription drug coverage.  You also receive Medicare Part D benefits via your Original Medicare plan.
  • Are you geographically undesirable? One may not have large numbers of options to choose from when it comes to buying Medicare Advantage Plans. Nevertheless, if you stay at varied states throughout the year, buying Medicare Advantage Program may not be a good decision.

Medicare Advantage Plans 2012

How to Enroll in a Medicare Advantage Program?
To register in a Medicare Advantage Program, you firstly need to sign up for Medicare Part A and Medicare Part B. For many of us, Medicare Part A is usually covered by the government entirely and we pay for it as we pay our taxes.

A monthly payment is to be paid as you enroll yourself in Medicare Part B. This amount is based on your Medicare Advantage Plan.  You also have to pay your monthly premium for Medicare Advantage Plans.   

Medicare Advantage Plan
Monthly Payments (Average)
Number Of MA Contracts
Advantage Plan Penetration
United States $734 United States 428 United States 17.5%
Alabama $692 Alabama 41 Alabama 15.2%
Alaska NA Alaska 39 Alaska 0.5%
Arizona $651 Arizona 50 Arizona 30.1%
Arkansas $640 Arkansas 39 Arkansas 8.23%
California $652 California 52 California 30.7%
Colorado $649 Colorado 37 Colorado 28.2%
Connecticut $681 Connecticut 40 Connecticut 9.1%
Delaware $658 Delaware 37 Delaware 2.23%
District of columbia $776 District of columbia 41 District of columbia 8.12%
Florida $840 Florida 74 Florida 23.1%
Georgia $680 Georgia 49 Georgia 8.1%
Hawaii $639 Hawaii 41 Hawaii 34.4%
Idaho $647 Idaho 40 Idaho 18.2%
Illinois $680 Illinois 56 Illinois 7.22%
Indiana $641 Indiana 45 Indiana 9.5%
Iowa $618 Iowa 42 Iowa 11.8%
Kansas $675 Kansas 44 Kansas 6.2%
Kentucky $653 Kentucky 45 Kentucky 8.4%
Louisiana $855 Louisiana 42 Louisiana 16.1%
Maine NA Maine 38 Maine 2.23%
Maryland $815 Maryland 41 Maryland 5.5%
Massachusetts $737 Massachusetts 42 Massachusetts 14.2%
Michigan $816 Michigan 44 Michigan 14.1%
Minnesota $645 Minnesota 40 Minnesota 26.2%
Mississippi NA Mississippi 38 Mississippi 6.51%
Missouri $663 Missouri 45 Missouri 15.2%
Montana $591 Montana 38 Montana 11.2%
Nebraska $650 Nebraska 37 Nebraska 8.21%
Nevada $757 Nevada 41 Nevada 29.1%
New Hampshire $653 New Hampshire 33 New Hampshire 2.1%
New Jersey $807 New Jersey 42 New Jersey 8.2%
New Mexico $651 New Mexico 41 New Mexico 20.1%
New York $811 New York 64 New York 21.2%
North Carolina $647 North Carolina 40 North Carolina 13.3%
North Dakota $591 North Dakota 37 North Dakota 5.51%
Ohio $674 Ohio 54 Ohio 17.1%
Oklahoma $666 Oklahoma 42 Oklahoma 11.3%
Oregon $647 Oregon 53 Oregon 34.3%
Pennsylvania $778 Pennsylvania 59 Pennsylvania 31.1%
Rhode Island $655 Rhode Island 37 Rhode Island 30.2%
South Carolina $646 South Carolina 43 South Carolina 8.22%
South Dakota $591 South Dakota 36 South Dakota 3.2%
Tennessee $655 Tennessee 47 Tennessee 16.1%
Texas $742 Texas 57 Texas 13.0%
Utah $644 Utah 40 Utah 16.5%
Vermont NA Vermont 34 Vermont 1.1%
Virginia $671 Virginia 43 Virginia 8.7%
Washington $644 Washington 47 Washington 19.1%
West Virginia $707 West Virginia 40 West Virginia 6.23%
Wisconsin $618 Wisconsin 46 Wisconsin 18.2%
Wyoming NA Wyoming 35 Wyoming 2.3%

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