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How Can Medicare Advantage Really Cost $0?

Learn how an MA plan can have no cost monthly premium

by Katie Banks+ on Sep 07, 2019 | 6 Comments

Medicare Advantage plans can really cost you $0 per month. Let us explain how this is possible.

This article was updated on September 7th, 2019 to reflect new information.

Medicare Advantage $0 Monthly Cost

There are Medicare Advantage plans that have a $0 monthly premium. But you still have to pay your Medicare Part B premium ($135.5). Plans with a $0 premium may recoup those costs through higher deductibles, coinsurance, copays, and possibly less coverage. You want to weigh all costs before choosing a plan.

Medicare Advantage Plans are NOT Free

Though Medicare Advantage can have a $0 premium, they can, like we said above, charge you copays, coinsurance, and sometimes deductibles. Remember $0 premium doesn’t mean it’s a $0 plan.

How can an MA Plan be Less than Medicare?

Medicare Advantage plans trade Original Medicare’s nationwide network for a local, HMO type of network. By doing so, Medicare Advantage providers are able to keep costs down by negotiating with a small network of doctors and hospitals AND limit your out of pocket costs to $6700, while Original Medicare does not put a limit on what you can spend year.

For further questions call 800-930-7956 or click here to get a Medicare Advantage quote.

 

 

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Reader Comments and Questions

Click Here if you have a question

By david on September 07, 2019

I don't have all the details. But I was told one can get...Medicare Advantage for $0 premium and get a return of credit for Part A & B premiums. How is this possible?? Thanks!!

We can definitely help you with a $0 premium MA plan but we are not familiar with the "return of credit" for premiums. People who have MA plans still pay their Part B premiums.

Give us a call and we can help you select a plan.
-Chris from Senior65.com


By Larry on October 24, 2016

Have medicare part A /B will this plan help as a supplement for me , in regards to 80% that I pay , will it cover the 20% not paid ?

Larry,
You would need a Medicare Supplement plan to cover your Part A and B copays, coinsurance, and deductibles. If you need help finding a Medigap plan call one of our Senior65 licensed independent insurance agents at 800-930-7956.
-Chris from https://www.senior65.com/


By Don Schmidt on January 08, 2016

I am currently enrolled in Medicare A & B plus a supplement to Medicare B and a prescription drug plan. How would I benefit financially from a Medicare advantage plan? I am currently paying $104.90 +$150+ ($166 deductible)+$18.40 per month. Thank you

Don,
This isn't the easiest question to answer. The reason for that is Medicare Advantage plans are not federally standardized, unlike Medigap plans. So, each MA plan offers different coverage. However, the two financial benefits are Medicare Advantage plans usually have a lower premium, and they can include extras like drug and dental coverage. With that said, MA plans can have deductibles, copays, and coinsurance. Therefore, if you have a serious injury or illness you usually will pay more out of pocket per year (services plus premium) with Medicare Advantage than with a Medigap plan. Hope this helps!
-Amy from https://www.senior65.com/


By Jack on May 11, 2015

Do you recommend Medicare Advantage over Medigap?

Jack,
That's the $64,000 question. Generally speaking Medigap offers the greatest financial protection from illness or injury, but has a more expensive monthly premium. With that said, choosing between Medicare Advantage and Medigap is a personal decision based on your medical needs and finances. We'd be happy to help you out with your specific question if you call us 800-930-7956.
-Michelle from https://www.senior65.com/


By Keisha T. on May 08, 2015

Thanks! Now it make sense.


By Keisha T. on May 08, 2015

If the Medicare Advantage plan has a $0 premium is that only for health care, and you have to pay more for drug coverage?

Keisha,
Great question! If you choose a Medicare Advantage plan that includes drug coverage the premium covers both. So, if it has a $0 premium, you would not pay an additional premium for drug coverage.
-Jacima from https://www.senior65.com/



Have a question not answered above??? Click here

PLEASE NOTE: We cannot comment on specific Medicare claims. Contact Medicare directly if you are trying to see if your issue is covered.


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