Many people would like to enroll in a Medicare Advantage plan but do not need Part D coverage. If you fall into this category you may have several choices for a Medicare Advantage plan that offers medical-only health benefits.
One popular plan is available from United Healthcare. AARP MedicareComplete Choice Essential offers the same value as AARP MedicareComplete minus the Part D coverage.
Who should consider this plan?
This AARP Advantage plan is ideal for those individuals who do not need Part D benefits because they have credible drug coverage from another source.
For instance many veterans receive drug benefits from the veterans administration and may want the benefits afforded by an Advantage plan but are happy with their drug coverage from the VA. If you fall into this category compare Medicare Advantage plans that offer health-only medical benefits.
Some people retire and are able to keep credible prescription drug coverage from their former employer. If these people are interested in a Medicare Advantage plan Medicare Complete Choice Essential may fit the bill.
The benefits afforded by enrolling in a Medicare advantage plan like Medicare Complete Choice Essential include:
- Fixed cost sharing amounts, as in co-pays, coinsurance and deductibles.
- Lower premium than purchasing a Medigap policy.
- Underwriting limited to one question about end-stage renal disease.
- Extra benefits beyond what original Medicare includes such as; dental, vision, hearing and often gym memberships.
In addition to the benefits listed above one advantage of enrolling in a medical-only Advantage plan is that you generally have richer medical benefits than the plan’s counterpart that includes the Part D coverage. You may have lower cost sharing or your maximum annual out-of-pocket expense my be lower than the plan including Part D.
As with any Medicare Advantage plan, you will need to follow all of the enrollment guidelines.
Because Medicare Advantage plans are offered on an annual basis if you enroll in a medical-only Advantage plan and your circumstances change you can elect a plan that does include Part D the following year. In addition, if you lose credible drug coverage during the year through no fault of your own you will be entitled to a Special Enrollment Period and will not be required to wait until the Annual Enrollment Period.
Shop smart for your Medicare Advantage plan by locating information online. This will enable you to compare many plan offerings and save time. When comparing plans take a look at AARP MedicareComplete Choice Essential it may fit the bill.