"... not funded by Medicare. " not exactly true. If you choose a Medicare advantage plan, much of the premium you would have to pay is covered out of the same Medicare funds that would pay for Medicare parts a and b. If the actual premium is higher than what the plan you choose costs. You have to pay the extra out of your own pocket. That is why Medicare advantage plans can cost anywhere from $0 to hundreds of dollars a month. It all depends on the plan and its benefits. But the base coat of all Medicare advantage plans are covered by the same dollars that would be used to support your use of Medicare parts a and b.
Technically, I suppose it is funded out of Medicare money. But it is such a ripoff.
Jen, it is a privately funded insurance and not funded by Medicare at all. Hope this helps to explain it:
https://www.healthline.com/health/medicare/what-is-better-medicare-or-medicare-advantage#enrolling
"... not funded by Medicare. " not exactly true. If you choose a Medicare advantage plan, much of the premium you would have to pay is covered out of the same Medicare funds that would pay for Medicare parts a and b. If the actual premium is higher than what the plan you choose costs. You have to pay the extra out of your own pocket. That is why Medicare advantage plans can cost anywhere from $0 to hundreds of dollars a month. It all depends on the plan and its benefits. But the base coat of all Medicare advantage plans are covered by the same dollars that would be used to support your use of Medicare parts a and b.