About 48% of Medicare beneficiaries are enrolled in a Medicare Advantage plan. The new 2023 Medicare Plans have been out since October 1. The Medicare Open Enrollment is happening now and the last day to submit an application is December 7th.
What is the best Medicare Plan for 2023?
Should you choose a Medicare Advantage or Medicare Supplement Plan?
Making a decision in 2023 for your Medicare plan isn’t an easy one. The BEST Medicare plan isn’t the same for everyone. Our team of agents take the time to understand what is important to YOU when choosing “the best Medicare plan”.
Budget: Premium, co-pays, co-insurance
Lifestyle…do you travel? How is your health?
In this article, we intend to focus more on Medicare Advantage and Medicare Part D plans. Click “2023 Medicare Supplement Plans” to learn more.
Choosing a 2023 Medicare Advantage Plan
KFF is widely known and trusted for the resources and data it provides in the health insurance industry.
Did you know, Medicare beneficiaries, on average have 43 Medicare Advantage plans to choose from? (There are 27 counties that will offer more than 75 plans)!
In fact, there are more than 3,000 Medicare Advantage plans to choose from (3,998 to be exact).
Don’t know where to start? United HealthCare and Humana Medicare Plans account for 46% of Medicare Advantage enrollment in 2022.
It’s also worthy noting that about 66% of Medicare Advantage plans do not charge an additional premium beyond the standard Medicare Part B premium. And, about 97% of the 2023 Medicare plans will offer vision, fitness, telehealth, hearing or dental benefits. Talk to an agent today, 866-633-4427 to check if these benefits are available in your area.
Medicare and Medicaid
If you are eligible for Medicare and Medicare, you are consider dual-eligible. This means you are entitled to additional benefits, including having your Medicare Part B premium partially or fully paid.
Over the years, the number of dual-eligible (DSNP) Medicare Plans has nearly double. in 2018, there were 401 Medicare DSNP plans and in 2023 there are 789.
In 2023, there will be over 1,200 Special Needs Plans. Special Needs plans include (Chronic or Disabling Conditions, Institutional and Dual Eligible).
Be sure to schedule your appointment today with a licensed agent that can check your eligibility for these additional plan benefits.
How much will Medicare Part D cost in 2023?
For those that choose to stay on Original Medicare, you should consider stand-alone Part D plan to help with your prescription drug cost.
We wish it could be easier to choose a drug plan, and to some respect, it is. There are less moving parts to worry about when choosing a drug plan, in comparison to choosing a Medicare Advantage Plan.
There are a total of 801 of Medicare Part D plans in 2023. The beneficiary, in most areas will have an average of 24 stand-alone Part D drug plans to choose from.
Some of the most popular drug plans are: SilverScript drug coverage, Humana Wal-Mart Drug coverage, AARP Wal-Greens and WellCare Value Script.
Drug plan prices start as low a $3 per month in some areas and can get up to over $100. The average national premium in 2023 is $43.
You can compare 2023 Medicare Part D plans, click here.
Who is offering 2023 Medicare Plans?
To get a better understanding of your 2023 Medicare plan options, call us today at 866-633-4427. Alternatively, you can click here to schedule an appointment.
If you prefer to try and quote and enroll yourself, use our online quotes tools.