Medicare Advantage, sometimes called Part C, are health plans from private insurance companies approved by Medicare that cover all the services included in Original Medicare (Parts A and B). Often, these plans offer extra benefits such as prescription drug coverage (Part D), vision, hearing, and dental, typically for an additional premium. These plans can be an attractive option for eligible retirees of the State of North Carolina.
Supplemental health coverage for retirees is an important component of a comprehensive retirement plan. Access to affordable and quality healthcare is a critical need for former employees transitioning into retirement. The availability of retiree-specific Medicare Advantage options can provide a more streamlined and potentially cost-effective approach to managing healthcare expenses, contributing to financial security and peace of mind during retirement. Historically, states have sought to provide their retirees with viable healthcare options, and the rise of Medicare Advantage has presented new opportunities in this space.