What’s the most popular Medicare Advantage network choice for seniors in Chicago?
One of the first things a Chicago Medicare broker is likely to do for your loved one is to help them figure out if they need an Advantage plan. Part C Advantage plans are offered by private insurers but must be approved by Medicare, meaning that they will cover Part A (Hospital Insurance) and Part B (Medical Insurance) at a minimum. Here are the most popular Advantage plans in Illinois:
Largest Medicare Advantage plans in Illinois by number of covered seniors
- Aetna
- Health Alliance Medical Plans
- Health Care Service Corporation (HCSC)
- Humana
- UnitedHealthcare
Medicare Advantage plans might offer cost savings, prescription drug coverage, and perks like hearing and dental coverage that are not included in original Medicare. However, seniors are limited to a specific network of providers under Advantage plans while original Medicare is accepted by all doctors and hospitals who accept Medicare. A Medicare broker in Chicago can help your loved one decide if the tradeoff is worth it in their specific circumstances.
What should seniors in Chicago know about Medicare Advantage enrollment over time?
At first, some seniors were leery of Medicare Advantage plans because they weren’t as established as standard Medicare. Medicare Advantage plans are more customizable than original Medicare though, and seniors are increasingly choosing the flexibility they provide. The graphic below illustrates how many seniors have enrolled in Advantage plans since 2000:
Of course, a national trend doesn’t mean that an Advantage plan is automatically the right choice for your loved one. Instead, let a Chicago Medicare broker walk your loved one through all of their options including Part D prescription drug coverage and Plan G supplement plans to find the best fit for their needs.
Where can I find reliable health insurance and Medicare brokers in Chicago?
Our comprehensive guide to finding a Medicare broker includes everything you need to know about bringing health insurance up with your loved one, finding a qualified broker, and selecting the plan that minimizes your senior’s out-of-pocket costs while maximizing coverage. For example, your loved one should never share sensitive financial information with their insurance broker. You should also look for an independent health insurance broker in Chicago instead of a captive agent because a captive agent might have a financial incentive to push a particular insurer over another. Finally, you should verify your loved one’s broker’s licensure before assuming that they know what they are doing.
Chicago’s most knowledgeable health insurance and Medicare brokers
Health insurance can be a complex subject, and there’s nothing wrong with admitting that you and your loved one might need professional assistance finding the right plan. Seasons is a trustworthy resource designed to help seniors and their families navigate all aspects of the aging process, and that includes providing extensive free Chicago Medicare resources to help you find a great local broker. Please use them today and help your senior thrive.
