Medicare Advantage vs Private Health Insurance: Which Is Better?

Choosing between Medicare Advantage and private insurance can significantly impact healthcare costs for seniors.

What Is Medicare Advantage?

Medicare Advantage plans are offered by private insurers approved by the federal government. They combine hospital and medical coverage into one plan.

Cost Comparison

• Medicare Part B Premium: Standard monthly premium applies
• Medicare Advantage: May include additional premium
• Private Insurance: Premiums vary by age and health

Benefits Comparison

Medicare Advantage often includes dental, vision, and prescription drug coverage. Private insurance plans may offer broader provider networks.

Enrollment Rules

Medicare enrollment periods are time-sensitive, while private plans can often be purchased year-round depending on eligibility.

Conclusion

Seniors should compare coverage limits, provider networks, and out-of-pocket maximums before choosing a plan.