Benefits Breakdown: What is the New $3300 Medicare Benefit?

Want to learn more about your eligibility for this new Medicare benefit? Speak with one of our licensed agents today to learn whether or not Medicare plans in your area offer this exciting new benefit.

The Most Important Takeaways:

• The Medicare flex card and Medicare Healthy Foods card previously offered two different Medicare Advantage benefits in debit card form.
• Certain insurance companies offering Medicare Advantage plans have created a new benefit type that combines these incentives.
• 2023 Medicare Advantage plans in participating states will now offer a new $3300 Medicare benefit for qualifying beneficiaries.
• Call our licensed agents today at (800) 950-0608 to learn more about the benefit and how you may qualify.

What is the $3300 Medicare Benefit? New Look, Same Great Benefits

It’s no secret that the Medicare Advantage program has always offered excellent benefits for qualifying beneficiaries. From the $144 Give Back benefit to the $900 Grocery benefit, Medicare Advantage plans can make life easier for beneficiaries who live on fixed incomes. While these benefits do a great deal of good, providers of Medicare Advantage plans are still constantly looking for ways to improve their offerings.

This is why, starting with 2023 Medicare plans, many insurance companies are combining crucial benefits into one easy-to-use debit card. This new Medicare bonus payment will offer up to $3300 in valuable assistance to beneficiaries who live in qualifying areas.

At MedicareInsurance.com, we developed the Benefits Breakdown series to help you learn more about the benefits available to you through the Medicare Advantage program. Today, we’re going to break down the new $3300 Medicare benefit.

What is the $3300 Medicare Bonus Benefit / Healthy Options Allowance?

Odds are good that, if you’re reading this article today, this is the first time you’ve heard of this exciting new benefit. It’s probably left you wondering, “What is the $3300 Medicare benefit?”

The $3300 Medicare benefit, referred to by some insurance companies as the Medicare bonus benefit or the Healthy Options allowance, is part of a new initiative to make many crucial Medicare Advantage benefits easier to use for beneficiaries. In essence, the new benefit combines previous Medicare benefits into one card. Some of the benefits combined into this new benefit include:

• The Medicare healthy foods card.
• The Medicare Advantage flex card.

Instead of having two separate cards for groceries and over-the-counter medications and supplies, eligible beneficiaries can now receive a single flex card worth up to $3300 to cover:

• Healthy foods (as approved by your insurance company).
• Over-the-counter medications.
• Prescription medications.
• Diagnostic devices and medical equipment.
• Copays and deductibles.

How Do I Know if I’m Eligible for the Medicare Bonus Benefit / Healthy Foods Card?

It’s important to know that this new Medical assistance benefit will not be available with all plans. It’s also important to know that plans eligible for the new benefit are not offered in every state. In order to be eligible for the new benefit, you must first live in a state or area where Medicare Advantage plans carry the new benefit.

If you live in a state or area that offers such Medicare Advantage plans, you’ll need to research and compare to find a plan that offers a variation of the benefit that works for you. Some insurance companies may offer different versions of the new benefit that provide less fiscal assistance than others.

Once you’ve found a plan that meets your needs, you’ll either need to enroll (if you’re new to the Medicare program) or switch from your existing plan. If you’re new to Medicare, you can enroll in a plan that offers the new benefit during your Initial Enrollment Period. If you’re looking to switch your plan, you’ll need to wait until one of other enrollment periods, such as the Medicare Annual Enrollment Period, to do so, unless you qualify for a Special Enrollment Period.

Need extra help trying to determine your eligibility for the new benefit or compare plans that offer it? Our friendly licensed agents can help! Connect with a licensed agent at (800) 950-0608 to start learning more about Medicare plan options available in your zip code.

Don’t Leave Extra Money on the Table! The Medicare Advantage Flex Card Could Be Yours.

The new Medicare benefit can help you a great deal with finding healthy food the next time you visit the grocery store, especially if you’re on a fixed income or struggling financially in any other way. If you live in an area where the private health plans are offered that provide the benefit, search around to find one that works for you. This Medicare bonus payment may be a great way to mitigate healthcare costs if it’s available to you!

Our licensed agents at MedicareInsurance.com are always happy to help you find Medicare plans that meet your needs and budget. This includes helping you find plans in your area that offer the $3300 benefit.