Understanding $0 Premium Plans
You may have heard about $0 Medicare Advantage plans. How do these plans work? Are they free? Learn more about $0 plans and how they might work for you.
You may have heard about Medicare Advantage plans with a $0 monthly plan premium. And that often includes coverage for additional services that are not covered under Original Medicare.
But how do these plans work? Are they free? To understand $0 plans, it’s helpful to understand a few details about how Medicare Advantage plans work.
How Medicare Advantage plans work
With Medicare Advantage plans, the federal government contracts with private insurance companies, like MyTruAdvantage, to offer and administer your plan. You still have all the rights and benefits that come with Original Medicare, but companies like MyTruAdvantage can also offer low premiums and added benefits, as well as put a limit on how much you will spend out-of-pocket.
Why Medicare Advantage plans can offer plans with $0 premiums:
So, what’s the catch?
Of course, just because your Medicare Advantage plan premium is $0 doesn’t mean your plan is free. You may still pay deductibles and copays when you receive care and covered services. And all Medicare members still have to pay the Medicare Part B premium. But depending on your personal healthcare needs, $0 premium plans can add up to real savings for Medicare Advantage members.
Check out our MyTruAdvantage $0 premium plan, see the coverage it provides and how it might be the right Medicare Advantage plan for your needs.
Have questions? Contact us. We’re here to help!
(833) 213-6731 (TTY: 711)
MyTruAdvantage—Indiana’s own community-focused Medicare Advantage plan. MyTruAdvantage is a Medicare Advantage plan founded by doctors and hospitals you know and trust, focused on the community and designed around you.