Medicare Advantage plans are some of our favorite plans to work with. Why? Because they offer so much for a client, but it isn’t without its limitations. Medicare Advantage plans are privately managed healthcare plans that combine Medicare Part A and B, and in some cases Part D (prescription drug coverage). Consider it an “all in one” plan. A common question we get is “why would I want a private insurance company to manage my Medicare benefits?” The answer is simple. Medicare Advantage plan providers are required to provide you equal or better coverage than traditional Medicare. What that means is that you get all the benefits of your Part A hospitalization coverage and all the benefits of your Part B general healthcare coverage, with (in most cases) prescription drug coverage (Part D). In addition, some plans provide coverage for things like dental, vision, holistic healthcare, gym memberships, and more! In some cases, there are no additional expense for selecting a Medicare Advantage plan above your required Plan B monthly premium! In other cases, you may have a small out of pocket expense each month depending on the plan benefits. Normally, this monthly fee is far less than you would spend by purchasing a Medicare Supplement plan.