There are nearly 1.23 million Medicare beneficiaries in Tennessee, of which 426,921 are enrolled in Medicare Advantage. Another 399,407 have plans that include Part D Prescription drug coverage.
More Medicare members are choosing Medicare Advantage over Original Medicare than ever before. Enrollment in the private alternative to traditional Medicare now covers over a third of everyone with Medicare.
The same holds true in Tennessee. Per data from the Kaiser Family Foundation, Medicare Advantage enrollment in the Volunteer State represents 38% of the total Medicare population here, which is above the national average.
Private plans have become more popular at least in part because they provide a host of additional benefits that Original Medicare (Parts A and B together) doesn’t cover. You may find Medicare Advantage plans with coverage for prescription drugs, dental and vision, hearing aids, acupuncture and more.
These added benefits may or may not come with an added premium. You’ll always have a premium for the Original portion of your coverage, but any additional premium for Advantage depends on the plan.
In Tennessee, the average premium for Medicare Advantage in 2021 is $20.82 a month according to the Centers for Medicare and Medicaid Services.
Every Medicare member in the state will have access to at least one private plan and at least one that comes with a $0 monthly premium. In total, there will be 117 Medicare Advantage plans available in the state for 2021. Individual plan options and pricing are determined by your zip code.
Kaiser Family Foundation, “A Dozen Facts About Medicare Advantage in 2020”
CMS, state data fact sheet released September 24, 2020
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For more information on Medicare Advantage Plans in Tennessee, or to receive a free price quote, please call and speak with one of our healthcare professionals at 1-800-810-1437TTY 711