Medicare Advantage Plans With Affordable or $0 Monthly Premiums: Here’s What You Need to Know

Medicare Advantage plans with low monthly premiums appear to be a popular plan option for Medicare enrollees.

How popular? Over 51% of people on Medicare have a Medicare Advantage plan¹ and in 2023, 73% of beneficiaries had a $0 premium plan.²

Why is it so popular?

Medicare Advantage plans (also called Medicare Part C) provide you with all your Part A and Part B benefits, and may provide extra coverage above and beyond what Medicare Part A & Part B cover. Many plans may also provide this coverage with affordable monthly premiums or $0 monthly premiums.

Even better, when you sign up for a Medicare Advantage plan, you will still have all of the rights and protections provided by the Medicare program. Your coverage is conveniently bundled in one plan.

What benefits does it offer?

So what kind of coverage can you expect from a Medicare Advantage plan that may have an affordable or $0 monthly premium?

The answer may surprise you. Medicare Advantage plan enrollees may have access to some or all of the following additional benefits:

• Prescription drug coverage
• Dental coverage
• Vision coverage
• Hearing coverage
• Fitness benefits

In fact, 99% of Medicare Advantage plans offered access to vision, fitness, telehealth, hearing or dental benefits last year.³ Remember that these available benefits are in addition to the benefits that Medicare Advantage plans are required to cover for Medicare Part A & Part B.

It’s pretty clear why Medicare Advantage Plans appear to be the popular choice among Medicare enrollees. Are you ready to join the 32 million people who already have a plan?⁴

Find out if a $0 premium Medicare Advantage plan is available in your area.