Switching from Medicare Advantage to Original Medicare: What You Need to Know
01 Oct 2023 ∙ 2 min read
Quick Overview
If you're enrolled in a Medicare Advantage Plan and considering a switch back to Original Medicare, this comprehensive guide delves into the essential details, benefits, and considerations to keep in mind. Understand the differences and decide what's best for your healthcare needs.
Understanding Medicare Advantage and Original Medicare
The Medicare Advantage Plan, also known as Part C Medicare, is an all-in-one alternative to Original Medicare. These "all-in-one" plans include Part A, Part B, and usually Part D. They are offered by private insurance companies approved by CMS (Centers for Medicare & Medicaid Services) and often come in different formats like HMO, PPO, PFFS, and POS.
Reasons to Switch to Original Medicare
There are numerous reasons individuals opt for a switch. Some find that Original Medicare offers more flexibility in choosing healthcare providers, while others might be seeking a more traditional approach to their healthcare coverage. Moreover, joining a Medicare Supplemental Insurance plan or Medigap to help cover costs Original Medicare doesn't is a motive for some.
Eligibility and the Switching Process
To make the switch, one must be within the Medicare Eligibility criteria. The best time is during the Medicare Advantage Disenrollment Period. During this period, you can leave your plan, return to Original Medicare, and if needed, also join a Part D Medicare prescription drug plan.
Top Companies Offering Original Medicare
Several top-tier companies partner with Medicare, including renowned names like Aetna, United Healthcare, Cigna, Humana, Blue Cross Blue Shield, and more. Each of these offers a unique set of benefits and features, so it's essential to research and choose one aligning with your healthcare requirements.
Seeking Professional Help for the Transition
Understanding Medicare's intricacies can be daunting. This is where Truth Medicare shines by helping individuals understand their choices through partnerships with these top insurance companies. Professional guidance can ensure a smooth transition and help you leverage the best plan for your needs.