This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Your Essential Guide To Medicare Advantage For 2013

Either way, with most Medicare Advantage plans you must use providers -- doctors and hospitals - - that are in their networks, says Rosen, co-author of "The Healthcare Survival Guide."

For some people that can be a disadvantage. The doctors you've been seeing for years may not be in the network, he explains. You may be able to go to a doctor outside the network, but you will pay more.

Also, Medicare Advantage plans are not available everywhere in the country, says Elaine Wong Eakin, executive director of California Health Advocates in Sacramento.

Steps before enrolling

Before you choose a Medicare Advantage plan, you should:

  • Go online and find out which doctors and hospitals are in its provider network. Call your doctors' offices to find out if they take part in the Medicare Advantage plan you're considering. If they don't, decide if you're willing to change doctors or hospitals.
  • Find out what happens if you go outside your coverage area. If you spend the winter in a warmer climate, you may not want to be limited by a Medicare Advantage network where you live during the summer, Rosen says.
  • If you take prescription drugs, check to see whether they are on the plan's list of preferred drugs. If they aren't, you may be better off with original Medicare and a Part D drug plan that covers them.
  • Find out what your out-of-pocket expenses will be. Deductibles, copays and co-insurance vary from plan to plan. Compare costs to other Medicare Advantage plans and also to original or basic Medicare and the supplements you would need. has tips on things to think about when you compare Medicare drug coverage.

The best source of information on Medicare Advantage plans is the federal government's Medicare website.

"Think of it as the yellow pages for Medicare and Medicare Advantage plans," Eakin says. You can search for plans available in your area by entering your zip code.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs