Overview of Medicare Advantage and What Is a Medicare Cost Plan?
Medicare Advantage is an insurance plan that includes Original Medicare and additional coverage, such as prescription medications or dental services. However, this plan offers a narrower network of providers. To avoid extra out-of-pocket costs, you need to visit a healthcare provider in the list. In some cases, this list may be too limited, which leave fewer treatment options for participants. This is where a Medicare cost plan comes in. [2]
A Medicare Cost Plan is a combination of Original Medicare and Medicare Advantage. It provides a narrow, limited network of healthcare providers as in a Medicare Advantage plan, but also allows you to get the benefits of Original Medicare when you need services outside of the current network. As a result, it would help reduce the out-of-network expenses. Compared to Original Medicare and Medicare Advantage, Medicare Cost Plan is more flexible, especially for those who travel frequently, especially in the U.S. [3]
