Each year, more Medicare beneficiaries are turning to Medicare Advantage plans offered by private insurance providers to meet their health insurance needs. In fact, nearly 34 million older adults were enrolled in Medicare Advantage coverage in 2024, representing over 50% of all Medicare beneficiaries[1].
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She is also a registered yoga teacher and a functional medicine certified health coach. She brought more than a decade of media experie... Alena is a professional writer, editor and manager with a lifelong passion for helping others live well. She is also a registered yoga teacher and a functional medicine certified health coach. She brought more than a decade of media experie... Alena is a professional writer, editor and manager with a lifelong passion for helping others live well. She is also a registered yoga teacher and a functional medicine certified health coach. She brought more than a decade of media experie... Alena is a professional writer, editor and manager with a lifelong passion for helping others live well. She is also a registered yoga teacher and a functional medicine certified health coach. She brought more than a decade of media experie... Jessica is a writer, editor and media professional who has spent her career working with some of the most influential names in media. Prior to joining Forbes Advisor, Jessica was the manager of creative communications at Hearst, where she specialized... Jessica is a writer, editor and media professional who has spent her career working with some of the most influential names in media. Prior to joining Forbes Advisor, Jessica was the manager of creative communications at Hearst, where she specialized... Jessica is a writer, editor and media professional who has spent her career working with some of the most influential names in media. Prior to joining Forbes Advisor, Jessica was the manager of creative communications at Hearst, where she specialized... Jessica is a writer, editor and media professional who has spent her career working with some of the most influential names in media. Prior to joining Forbes Advisor, Jessica was the manager of creative communications at Hearst, where she specialized...Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Each year, more Medicare beneficiaries are turning to Medicare Advantage plans offered by private insurance providers to meet their health insurance needs. In fact, nearly 34 million older adults were enrolled in Medicare Advantage coverage in 2024, representing over 50% of all Medicare beneficiaries As these comprehensive health care plans continue to grow in popularity, older adults are approaching Medicare’s annual open enrollment period and the Medicare Advantage annual open enrollment period with. Forbes Health is here to help clarify what your specific plan options are and which Medicare Advantage plan could best serve your needs for the year ahead.Chat with a licensed insurance agent todayChoose between Medicare Advantage or Medicare Supplement optionsEasy to distinguish between plan options with straight-forward informationLicensed, experienced and dedicated Medicare professionals are here to help you navigate your optionsSince Medicare Advantage plan eligibility is largely dependent on where a person lives, we gathered data specific to three counties in each state to provide an overview of the following factors:Click on your state below to explore what Medicare Advantage plans tend to look like in your area and learn how to simplify your enrollment process.is a type of health insurance provided by private insurance companies to U.S. adults ages 65 and up, as well as younger individuals with certain disabilities and health conditions. The federal government pays a flat fee per enrollee to the insurance companies, which then provide the core benefits of Original Medicare, payment to care providers and oftentimes additional benefits.). Part A covers 80% of hospital stays, skilled nursing, home health care and hospice care. Part B covers 80% of doctor’s visits, preventative care, mental health services, physical therapy, occupational therapy, lab services and other outpatient services.Medicare Advantage covers everything included in Original Medicare , but most Medicare Advantage plans also include prescription drug coverage , and some plans provideand fitness benefits as well. These extra coverages and benefits vary depending on the plan you choose. While there are several distinctions between Original Medicare and Medicare Advantage, one noteworthy difference is people enrolled in a Medicare Advantage plan must pay both the monthly premium associated withHow does Medicare Advantage differ from Medicare Supplement ? Medicare Advantage plans serve as a substitute for Original Medicare, providing the same coverage plus additional benefits like prescription drugs coverage . Meanwhile,) are sold by private insurance companies to people enrolled in Original Medicare to help fill the gaps of that coverage. There are 10 types of Medigap plans—with letter names ranging from A to N—that provide standardized coverage and help pay for things like deductibles, coinsurance and copays. Another important difference to note: Medigap policies don’t cover prescription drugs. A person enrolled in Original Medicare who wants prescription drug coverage needs to purchase a separatebenefit from a Medicare Advantage plan . People with chronic health conditions and specific coverage needs might also find bundled coverage under a Medicare Advantage plan to be more affordable than taking a piecemeal approach with Original Medicare and Medigap plans.In short, any additional coverage needed depends on the Medicare Advantage plan you pick. Some plans provide an extensive list of additional benefits, including dental, vision, hearing health, prescriptions, over-the-counter medicines, transportation, fitness memberships and more. However, if you enroll in a less comprehensive plan, you might need to seek additional coverage for a desired benefit your plan is missing., according to a Forbes Health analysis of U.S. insurance companies that offer these types of plans nationwide. We evaluated each provider based on the number of states they provide coverage in, the variety of benefits they offer, how they’re ranked by the Centers for Medicare and Medicaid Services and how they’re ranked in terms of their financial health by agencies like A.M. Best and how agencies like J.D. Power rank them regarding consumer feedback. Forbes Advisor is not a licensed insurance agency. Insurance offerings are powered by Marketplace P&C LLC, NPN 20753534 and CA Lic. # 6011227.Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our Alena is a professional writer, editor and manager with a lifelong passion for helping others live well. She is also a registered yoga teacher and a functional medicine certified health coach. She brought more than a decade of media experience to Forbes Advisor, with a keen focus on building content strategy, ensuring top content quality and empowering readers to make the best health and wellness decisions for themselves.The Forbes Advisor editorial team is independent and objective. 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