Marsh & McLennan Employees: Navigating the Essentials of Medicare Advantage Plans for Your Retirement Health Needs

Healthcare Provider Update: Healthcare Provider Information: Marsh & McLennan Marsh & McLennan is a global professional services firm offering a wide range of services primarily through its subsidiaries. They do not provide healthcare in the traditional sense but are known for their consulting services related to risk management, insurance, and employee benefits, including health benefits consulting. They work with various healthcare providers and insurance companies to manage and strategize healthcare costs on behalf of their clients. Potential Healthcare Cost Increases in 2026 As we approach 2026, significant healthcare cost increases loom on the horizon, primarily driven by the expected sharp rise in Affordable Care Act (ACA) premiums. States could see premium hikes ranging from 18% to over 60%, attributable to the potential expiration of enhanced federal subsidies and ongoing medical cost inflation. Without these subsidies, many enrollees might face out-of-pocket premium increases exceeding 75%, exacerbating the financial strain on households. This perfect storm of factors underscores the urgency for individuals and employers to prepare for the rising costs and reassess their healthcare strategy in the impending year. Click here to learn more

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for Marsh & McLennan employees who are ready to sign up for Medicare. Medicare Advantage plans are offered by private insurers in conjunction with the Medicare program and can provide you with additional health insurance coverage.

What’s in them?
In addition to signing up for Medicare Part A (hospital stays) and Part B (medical coverage), Medicare Advantage plans offer their subscribers extra features. This frequently, but not always, includes the Medicare Part D prescription drug plan. In some cases, Medicare Advantage plans offer coverage for areas not normally offered within regular Medicare plans. This can include dental, hearing, and vision insurance.

What are the rules?
Medicare pays for a fixed amount of your health care to Marsh & McLennan offering your Medicare Advantage (MA) plan. Beyond that, each MA plan requires different out-of-pocket fees. Those fees can vary from plan to plan. Depending on your plan, you may have different rules you need to follow when seeking a medical referral to get treatment from a specialist or if you are seeking non-urgent care (even from health care providers within the plan). It’s also important to remember that rules, requirements, and features may change from year to year. It will be important to make sure that those changes line up with any treatment that you need.

Featured Video

Articles you may find interesting:

What about my prescriptions?
While most MA plans offer Part D coverage for prescription drugs, some don’t. One example would be Medicare Medical Savings Account plans. In cases where the plan can’t or chooses not to offer prescription drug coverage, you may have the ability to join a separate Medicare Prescription Drug Plan, depending on the type of plan you enroll in. You will likely have a number of questions and concerns as you examine your options for Medicare Advantage plans. Discuss these with a trusted financial professional who can help you make choices that may best fit your lifestyle.

1. Medicare.gov, 2022