A Medicare Advantage cost plan is a type of Medicare plan that allows you to use out-of-network providers and have Medicare pay for those services. Cost plans are available in limited areas. Unlike standard Medicare Advantage plans, cost plans do not have a maximum out-of-pocket limit.
Key Points
- Cost plan: allows out-of-network care with Medicare paying for those services
- Available in limited areas
- No maximum out-of-pocket limit
- Less common than HMO and PPO plans
- An independent agent can help you find cost plans in your area