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All-In-One Medicare Plans


An all-in-one Medicare plan can mean several different things. There are Medicare Advantage plans, or you can combine Medicare Parts A, B, D, and Medigap plans. Then, you still need dental and vision coverage. With a flurry of possibilities, where do you begin?

Medicare All-in-One Plan

All in one coverage would need to cover inpatient, outpatient, and medication expenses. Most consider dental and vision coverage necessary. Most people consider a Medicare Advantage plan all on one coverage. Others who are looking to spend less on out-of-pocket cost-sharing prefer to build their own all-in-one Medicare plan.

What is the All-in-One Medicare Advantage Plan?

Medicare Advantage plans bundle coverage together to entice beneficiaries. These plans include Part A, Part B, and Part D. Sometimes Advantage plans include dental, vision, and hearing. The biggest pitfall is the out-of-pocket expenses that make this coverage far from comprehensive. Many Advantage plans only include basic dental, for adequate coverage you’d still need to purchase a stand-alone dental plan.

Advantage plans are offered by private health insurance companies that contract with Medicare. Medicare pays the carrier to take on your risk. There can be both pros and cons with all-in-one Advantage plan. The negative side is the restriction to a network of health facilities, hospitals, and physicians. You can also expect to need to acquire a referral for services with specialists.

Why Are Agents Pushing Medicare Advantage All-in-One Policies?

Often, insurance companies will push All-in-One Medicare Advantage policies to beneficiaries. This can be an attempt at landing a quick commission pay for enrolling new beneficiaries. Although, it’s important to remember Medicare Advantage plans can benefit some beneficiaries; this can include those under 65, ineligible for Medigap, or those on the Medicare Savings Program. Check out our quick guide on the pros and cons of Medicare Advantage plans.

All-in-One Medicare Supplement Plans

While Medicare Supplement plans are not an all-in-one plan, you can use them to supplement your other Medicare benefits to give you real comprehensive coverage, unlike Medicare Advantage plans. When deciphering which plans are best for you, pay attention to the benefits of all options. Medigap can help cover a beneficiary’s copayments, deductibles, and coinsurance. The below parts and plans combined will give you the most coverage.

  • Medicare Part A (hospital coverage)
  • Part B (medical coverage)
  • Part D (prescription coverage)
  • Medigap Plans (supplement coverage)
  • Dental and Vision

Typically, Medigap plans will not cover dental, vision, or long-term care. They also exclude home health care because Original Medicare doesn’t cover home health care. If Medicare covers the service, the Medigap plan covers the service.

Ancillary Products to Add to Your Custom All-in-One Medicare Supplement Plan

Stand-alone dental coverage allows beneficiaries to customize coverage. For example, a higher premium policy will have lower copayments and deductibles. However, a lower premium policy will have higher out-of-pocket expenses.

So, if you know you need a lot of dental work, a higher premium policy will benefit your wallet more than a low-cost policy. Although, if routine care is your main goal, a low-cost policy would be sufficient.

Vision coverage can either be purchased as a stand-alone policy, or some beneficiaries find Groupon rates for low-cost vision options as life requires. Many vision facilities offer affordable rates for an eye exam and one or two pairs of glasses.

Sometimes paying out of pocket on vision care is most cost-effective. Also, Medicare does cover cataracts surgery when medically necessary; if Medicare covers, Medigap covers. Then, one pair of glasses or contacts will have coverage after cataracts surgery.

Consider these things when choosing coverage:

There are many factors to consider when making a choice.

  • Costs
  • Quality of care you’ll receive
  • Coverage when you travel
  • Prescription drug coverage
  • The limits of your health coverage

The Cost of All-in-One Medicare Plans

You may already know, but Medicare costs vary from person to person. Then, the cost of Medicare Advantage and Medigap plans vary from state to state. In many states, Medicare Advantage can cost as little as $0 a month. But, you still pay your Part B premium in most cases. Now, Medicare Advantage can cost up to $200+ each month. Then, even the best Medicare Supplement plans can cost $90- $300 a month depending on many different factors. The best way to determine your policy costs is to consult an agent about your specific situation and needs.

FAQs

What is a Medicare all-in-one plan?
Generally, when you see information about Medicare all-in-one plan, it’s referring to Medicare Advantage. However, these are not as comprehensive as most beneficiaries think. A good alternative is to build your own all-in-one plan to get the most comprehensive coverage.
Why does an all one plan with Medicare depend on location?
If you’re all-in-one Medicare plan depends on locations, it’s because you’re looking at a Medicare Advantage plan. Advantage plans are dependent on your location, they are as granular as your city. They won’t travel with you, so if you want to see a doctor outside your city, the Advantage plan may include that doctor in your plan’s network. When you build your own all-in-one plan with a Medigap plan, your location doesn’t matter in regards to the coverage. The only reason your location matters is because that’s a factor used to determine your monthly premium.
Which Medicare plans offer all-in-one coverage?
Advantage plans out of the box offer all-in-one coverage. However, it’s important to read the fine print to see how much it really covers. If they don’t give you enough coverage or include too many out of pocket costs, you can make your own all one plan by combing your Medicare benefits with a Medicare Supplement plan and Part D plan.

How to Enroll in an All-in-One Medicare Plan

Whether you want to enroll in a Medicare Advantage or build your own customer all-in-one Medicare plan, we can help. Let our team of agents find a plan that works best for you! Give us a call or fill out an online rate form to see the best Medicare options available to you in your area.

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Lindsay Engle

Lindsay Engle is the Medicare expert for MedicareFAQ. She has been working in the Medicare industry since 2017. She is featured in many publications as well as writes regularly for other expert columns regarding Medicare. You can also find her over on our Medicare Channel on YouTube as well as contributing to our Medicare Community on Facebook.

2 thoughts on “All-In-One Medicare Plans

    1. Hi Jerry! If you’ve been on disability for at least 24 months, yes. Otherwise, you have to be 65 years old to be eligible for Medicare. If you’re considered low-income, you could be eligible for Medicaid. I would contact your local SHIP office to find out what options are available to you in your state.

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