If you are a current or soon-to-be Medicare beneficiary, then you should know about the changes to Medicare Advantage 2023. MA is an alternative to Original Medicare that combines Part A and Part B coverage into one plan. It also often includes Part D prescription drug coverage as well as additional benefits such as vision and dental. MA plans can provide more comprehensive coverage than Original Medicare, and there are several changes coming in 2023 that could potentially benefit you. Let’s take a look at what you need to know about MA for the upcoming year. 

Medicare Advantage is a type of health insurance plan offered by private companies approved by the federal government. It is designed to help people who are enrolled in Medicare pay for their medical expenses. These plans often come with additional benefits such as vision or dental coverage, as well as coverage for prescription drugs, which can be beneficial for those who have complex healthcare needs. 

Changes in Benefits Coverage 

The most significant change for MA plans in 2023 is an expansion of benefits coverage. The Centers for Medicare & Medicaid Services (CMS) will be allowing MA plans to offer telehealth services, including virtual doctor visits, home health care services, physical therapy, speech therapy, occupational therapy and more. This will make it easier for beneficiaries to access healthcare without having to leave their homes. Additionally, MA plans can now cover diabetic supplies like blood sugar test strips and glucose monitors as part of their benefits packages. 

Costs 

Another major change coming in 2023 is that CMS will be reducing premiums on some MA plans by up to 8%. This is great news if you’re looking for ways to save on healthcare costs without compromising on quality of care. Additionally, since each state has different regulations regarding how much insurers can charge for different types of services, there may be even more savings available depending where you live. 

Network Restrictions 

When selecting a MA plan it’s important to keep in mind any network restrictions that apply. The networks associated with each plan restrict which doctors and hospitals you can receive care from without incurring extra costs or charges. Some networks are larger than others so if you have a specific provider that you would like to remain covered under your plan then it’s important to check if they are part of the network associated with your chosen plan before enrolling. 

Conclusion: 

It’s important to understand all the changes coming in 2023 when it comes to Medicare Advantage plans so that you can choose the best option for your needs and budget. With new benefits being added and costs being reduced, there are a lot of opportunities out there when it comes to getting the most out of your healthcare coverage this year—you just have to make sure that you take advantage of them! If you want more information about what options are available and how they might fit into your budget then don’t hesitate to contact us today! We can help answer any questions or concerns you may have about MA plans in 2023 so that you can make an informed decision about your healthcare coverage this year!