While the Obamacare (ACA) health insurance exchanges sound a lot like Medicare Advantage, they are fundamentally different and do not replace Medicare Advantage plans. Also, people with Medicare benefits do not qualify to use the state or federal health insurance exchanges.
Medicare Advantage plans are designed from the outset for seniors and people with disabilities. If you have Medicare Advantage health insurance, it offers you better coverage at a much lower rate than any of the plans in the health insurance exchanges.
Many seniors are hearing rumors about ultra-low and free plans offered by Obamacare. It’s true that many needy families and individuals with Medicaid will be able to purchase their health insurance through their state’s health insurance exchange with a substantial state and federal subsidy. This does not apply to seniors with Medicare, even if you qualify for extra help.
In most areas of the country, seniors have at least two choices for private health insurance. If you live near a major city you may have dozens of options, including plans with a $0 premium. Plus, most Medicare Advantage plans include prescription drug coverage, and many offer dental, vision and hearing benefits, as well. It all adds up to the best coverage at the best price available.
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