What are the Top 3 Medicare Advantage Companies?


Share this Content


What Is A Medicare Advantage Plan?

As we move towards 2021 and a new year, one of the big questions dominating the healthcare insurance industry is the changes that the new year will bring to a whole array of Medicare Advantage Plans and private supplement insurance packages. As a culmination package, generally of Medicare Parts A, B, and D, as well as extra benefits, a Medicare Advantage Plan can be accurately considered a comprehensive form of insurance cover – provided and operated by a private insurance provider which is selected by the beneficiary. 

Knowing how and where to find the best Medicare Advantage Plan as we enter a new year is like navigating a minefield – however, this simple guide to three of the top Advantage plans should clear up a few blinding questions.

The Benefits of a Medicare Advantage Plan

The primary benefit of Medicare Advantage Plans is the extent of the coverage provided, with coverage of everything within an Original Medicare (Part A and B) package as well as other benefits such as Part D coverage, annual physical health exams, visual or dental coverage, medical appointments, over-the-counter drugs, adult daycare, and daily living assistance, to name but a few. 

Another benefit of having a Medicare Advantage Plan is the savings that can be gained, with advantage plans offering more complete coverage that ticks more boxes with a limit on what you could be expected to pay as an out-of-pocket fee. 

With so many additional benefits on top of the standard Original Medicare package, a Medicare Advantage Plan seems like an obvious choice for those needing extensive medical and healthcare support – but which are the best plans?

The Top 3 Medicare Advantage Companies

Medicare Advantage Plans are offered by private insurance providers and so costs and offerings can vary hugely. In selecting the best plan for you, individual factors will need to be taken into account, such as your financial support needs and any underlying or existing medical conditions. However, on a general note our top three companies moving in 2021 come from:

  • United Healthcare
  • Humana
  • Aetna Medicare Advantage

Each of these boasts its own unique selling points. You must meet all of the criteria in order to benefit from a Medicare Advantage Plan, including already being enrolled with Medicare Parts A and B. 

In the long run, a Medicare Advantage Plan can be beneficial in terms of comprehensive coverage and saving money, though beneficiaries should take the time to note and understand the limitations and regulations of individual plans before agreeing to them. For more information and to help you get to grips with the Medicare Advantage Plan industry and the private insurance providers controlling it, get in touch with our team for guidance.

Related Blog Posts

Picture of Justin Brock

Justin Brock

President & CEO of Bobby Brock Insurance