Medicare Advantage customers can get some extra savings from their Medicare coverage by purchasing health insurance on the new Medicare Advantage, which allows them to get lower co-payments.
Medicare Advantage is a private health insurance program for Medicare beneficiaries that offers coverage for an average premium of $2,000 for a family of four, or $1,800 for an individual.
However, many seniors do not qualify for Medicare, so these seniors can buy Medicare Advantage through a third-party vendor.
The new Medicare program will not be available to all Medicare beneficiaries, however, and the program is currently available only to people in the 50 states and the District of Columbia who are not currently eligible for Medicare.
Medicare is offering its Medicare Advantage program to enrollees who are eligible, though the new eligibility rules may change as the program expands.
Medicare, which has expanded coverage to all Americans since 2003, has about 20 million Medicare beneficiaries.