There are many differences when it comes to Original Medicare versus Medicare Advantage plans, but some rules remain the same—such as how many of these plans a single person can carry.
As a rule, you can only carry one Medicare Advantage plan at a time through a private insurer. You cannot have more than one plan through the same insurance provider or multiple providers. If you wish to switch your coverage, you will have to cancel and enroll in another plan during the correct enrollment periods. This does not mean that Medicare Advantage is the only health insurance you may have, however.
Medicare Advantage and Other Health Insurance Plans
In some cases, you may already have other types of health insurance in place when you enroll in a Medicare Advantage plan. Instead of taking the place of your other health insurance plans, Medicare Advantage can often work with them in tandem.
For example, say your spouse still works and gets group health insurance through their employer. If you are covered by the employer’s group health insurance policy, you may have this at the same time that you have a Medicare Advantage plan. The two plans (and insurance providers) will work together to decide who will pay which healthcare expenses. This also applies if you have health insurance under your previous employer, if you’re on Medicaid, or are covered under the group health insurance of a family member’s employer.
Is Medicare Advantage Better than Health Insurance?
Medicare Advantage plans offer a variety of healthcare coverages for a specific group of people, such as individuals 65 years of age or older and those with qualifying disabilities. Each health insurance policy is designed for different people and your Medicare Advantage plan should be geared for your specific health insurance needs. It may be beneficial to have more than one insurance policy for medical care if possible, such as if you can be covered under your spouse’s group health insurance policy.
If you have questions about how your Medicare Advantage plan works with other health insurance plans you may already have, be sure to contact your insurer and other relevant parties. Every insurer is different, as are their rules and requirements. It is crucial to know the ins and outs of all of your health insurance policies to guarantee that you will have coverage when it matters most.