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  • Writer's pictureJamie Smith

Is It Time to Take Advantage of a Medicare Advantage Plan?

Updated: Oct 26, 2023

Is it time to take advantage of a Medicare plan?
Senior Solutions, the Medicare Division of Bedrock Financial Group

Your Medicare Supplement, also known as Medigap, has increased its premium again, as it has every year since you enrolled. Given the current financial climate, it has become too expensive. You also pay separately for a Medicare Part D plan and separate for your vision, hearing, and dental plans. But you are so sick of those Medicare Advantage commercials, and your provider or the VA may even say they’re bad news. Plus, your friends or family tell you to stay away. So, is it a good idea to even look at them?

Perhaps. Medicare Advantage Plans are not meant for everyone, as Medicare is not meant to be one size fits all, which is why multiple options exist. A Medicare Advantage Plan could be ideal depending on your health, prescriptions, and doctors. Medicare Advantage gets a bad rap because people enroll without help from a licensed Medicare advisor. This is where Senior Solutions, the Medicare division of Bedrock Financial Group, can help.

What is Medicare Advantage?

So what is Medicare Advantage anyhow? It is Medicare Part C. It consists of Medicare Parts A and B, and most of the time, includes Part D, vision, hearing, dental, and some additional benefits.

Many Medicare Advantage plans come with low or $0 monthly premiums, with either no or low copays.

With a Medicare Supplement or Medigap plan, you pay a monthly premium that increases yearly. With either, you’ll still pay for your Part B premium unless you are on Medicaid or can receive additional funding, which is another reason to work with a licensed Medicare advisor so they can look into this for you.

When entering Medicare, you must cover the 20% that Original Medicare does not. So you typically will enroll in a Medicare Supplement, with a relatively low monthly premium to start. You pay this monthly premium regardless of how often you visit the doctor. So if your premium is $120/month, you pay $1440 for that year plus whatever you have to pay for your Part D premium and otherwise for dental, hearing, and vision. After three years, you could be paying upwards of $2,400 +. Again, this is regardless of how often you go to the doctor.

Conversely, with a Medicare Advantage Plan, there are low to no cost premiums and copays to pay when you go. They all include a Maximum Out-Of-Pocket amount from $0 - not exceeding $8,300. This means no matter what happens, you will not have to pay more than the Maximum Out-Of-Pocket and only if something happens. Each copay goes towards the annual MOOP (maximum out-of-pocket). Many Medicare Advantage plans include Part D coverage, vision, hearing, dental, and other perks like Silver Sneakers, over-the-counter allowances, and more.

So if you are ready to see if a Medicare Advantage Plan is for you, we will happily review your current plan either over the phone or in person. Our services are always no-cost; once you become a valued client, we will review your plans each year and inform you if there need to be any changes made.

Are you ready for a change? Are you ready to become a valued client? Please call 833-905-1060, or visit our website for more information


At Bedrock Financial Group, we're a Veteran and a First Responder Owned Full Service Insurance Company.
Bedrock Financial Group, Your Full-Service Insurance Agency
Want to know more?

At Bedrock Financial Group, we're a Veteran and First-Responder-owned full-service insurance agency. We provide complimentary consultations and no-cost Medicare reviews. Our home office is located in New Albany, IN. We have a Senior Resource Center in Stanford, KY, and another office coming to Asheville, NC. We also offer the following services:

  • Life Insurance

  • Wealth Management

  • Home + Auto

  • Renter's + Condo + Home Insurance

  • Medicare Plans

  • Medicare Advantage Plans

  • Medicare Supplement (Medigap)

  • Hospital Indemnity

  • Final Expense (burial planning)

  • Mortgage Protection

  • Business Insurance

  • Retirement Planning

  • Medicare Enrollment Help

  • + More

We service the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Alabama, Connecticut, and West Virginia.

If you have Medicare questions, you can call our team at 502-200-1516. If you want to schedule an in-person Medicare Benefits Review, please call 833-905-1060. If you would like a comprehensive overall review, call 833-905-1060 or email with your contact information, including your name, city, state, and phone number, and we will connect with you.

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