Unveiling the Best Medicare Advantage Plans in NJ for 2023: Your Comprehensive Guide

Every year as autumn leaves turn, another cycle begins for many Medicare-eligible adults in New Jersey – the time to review, evaluate, and possibly switch their health care plans during the Medicare Annual Enrollment Period. With countless choices and frequent policy changes, selecting the best Medicare Advantage plan in NJ for 2024 can feel like navigating a labyrinth. And no one takes pleasure in a maze where the goal is to secure their health and financial condition!

That’s where we at Sosa Insurance Group step in. As insurance industry veterans, we have dedicated ourselves to throwing light on these winding pathways, to guide you to the coverage that you not only need but also deserve. Rely on our comprehensive guide and our expert advice to learn more about the changes in New Jersey’s Medicare Advantage plans for 2024, and how they impact you.

Here’s a snapshot of what you need to know about NJ’s Medicare Advantage landscape for 2024:

  • The Average Monthly Premium: Expected to be $19.22.
  • Total Available Plans: There will be 96 plans, an increase from 92 in 2023.
  • Star-Rated Companies: UnitedHealthcare and Humana have plans rated as 5-star and 4.5-star respectively.

Overview of NJ 2024 Medicare Advantage Plans - medicare advantage plans nj 2024 infographic comparison-2-items-casual

In the upcoming sections, we delve into the details about the top-rated Medicare Advantage plans in New Jersey for 2024, what changes to expect, and how to make your choice. To gear you for this critical decision, our expert from Sosa Insurance Group will provide insight throughout the article.

Stay with us in this journey as we proceed into the heart of understanding Medicare Advantage plans.

Understanding Medicare Advantage Plans

Navigating the world of healthcare can be overwhelming, more so when it comes to understanding the intricacies of Medicare Advantage plans. But worry not, at Sosa Insurance Group, we’ve got your back. Let’s dive into what Medicare Advantage Plans are, how they work, and why you might consider choosing one.

What is a Medicare Advantage Plan?

Medicare Advantage Plans, also known as Part C, are an alternative to Original Medicare (Part A and Part B). These plans are offered by private insurance companies approved by Medicare. They cover at least the same level of care as Parts A and B of Original Medicare, and often, they offer additional coverage such as dental, vision, and hearing benefits.

How Does a Medicare Advantage Plan Work?

Medicare Advantage Plans work by stepping in to replace Original Medicare. When you enroll in a Medicare Advantage Plan, you still have Medicare, but you get your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage from the Medicare Advantage Plan, not Original Medicare.

The plans may also include Medicare prescription drug coverage (Part D) and may offer extra coverage, like vision, hearing, and dental. They often have networks, which means you may have to see doctors who belong to the plan or go to certain hospitals to get services.

The Benefits of Choosing a Medicare Advantage Plan

Medicare Advantage plans have various benefits that make them a popular choice among Medicare beneficiaries. For starters, they often offer more comprehensive coverage than Original Medicare, including benefits not covered under traditional fee-for-service (FFS) plans. Extra benefits may include vision, dental, hearing aids, and other services.

In addition, many Medicare Advantage plans also offer a fitness membership, such as SilverSneakers®, giving you access to over 15,000 fitness locations nationwide. Companies like Clover Health even offer rewards and over-the-counter (OTC) allowances for enrolees.

Another significant advantage is the catastrophic coverage introduced in 2024. Once your out-of-pocket spending reaches $8,000, including certain payments made by other entities on your behalf, you’ll automatically get “catastrophic coverage.” This means you won’t have to pay a copayment or coinsurance for covered Part D drugs for the rest of the year.

Finally, Medicare Advantage Plans are rated on a star system, with 5-star ratings indicating excellent performance and quality. This rating system can help you compare and choose a plan based on its quality and performance.

As you journey through the maze of healthcare options, remember that understanding your unique health needs and preferences is key. In the next section, we’ll delve into the changes coming to Medicare in 2024. Keep reading to ensure you’re up-to-date with the latest information to make the best healthcare decisions for your future.

Changes to Medicare in 2024

Now that you’re familiar with the basics of Medicare Advantage, it’s essential to understand the changes coming to Medicare in 2024. These changes can impact your healthcare costs and the level of coverage you receive. Let’s take a closer look at these changes.

Increase in Part B Monthly Premium

The first noticeable change is the increase in the standard monthly Part B premium. The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium will rise to $174.70 in 2024, an increase of $9.80 from $164.90 in 2023. This increase in premiums is essential to keep in mind as you budget for your healthcare expenses in the coming year.

Rise in Part B Annual Deductible

In addition to the premium increase, there’s also a rise in the Part B annual deductible. The annual deductible for all Medicare Part B enrollees in 2024 will be $240, an increase of $14 from the 2023 deductible of $226. This means you’ll have to pay a bit more out-of-pocket before your Medicare coverage kicks in.

Introduction of Catastrophic Coverage

One of the most significant changes in 2024 is the introduction of catastrophic coverage. Starting January 1, 2024, once your out-of-pocket spending reaches $8,000 (including certain payments made by other people or entities, including Medicare’s Extra Help program, on your behalf), you’ll automatically get “catastrophic coverage.”

This new addition to Medicare means that you won’t have to pay a copayment or coinsurance for covered Part D drugs for the rest of the year, significantly reducing your out-of-pocket expenses if you have high drug costs. This change could be particularly beneficial for those with chronic health conditions that require expensive medications.

Understanding these changes is crucial for planning your healthcare strategy for the coming year. At Sosa Insurance Group, we’re committed to helping you navigate these changes and choose the right Medicare Advantage Plan that fits your needs and budget. In the next section, we will delve into the top Medicare Advantage plans available for NJ residents in 2024.

Top Medicare Advantage Plans in NJ for 2024

Navigating the maze of Medicare Advantage plans can be a daunting task. But worry not, we’re here to simplify the process for you. Leveraging our expertise and the latest data, we’ve rounded up some of the top Medicare Advantage plans in NJ for 2024.

UnitedHealthcare: AARP Medicare Advantage

UnitedHealthcare continues to be a preferred choice among Medicare beneficiaries, thanks to its extensive network and comprehensive coverage. With a commendable CMS star rating of 3.87/5, UnitedHealthcare offers plans that cater to diverse health needs. Their AARP Medicare Advantage Plan is a testament to their commitment to quality healthcare and customer satisfaction.

Aetna Medicare Advantage Plans

Aetna, with a CMS star rating of 3.98/5, is recognized for their extra perks like cost savings on dental and vision coverage. Their Medicare Advantage plans balance cost-effectiveness with comprehensive coverage, providing an attractive option for those looking for added benefits.

Humana Medicare Advantage Plans

Humana stands out for its low-cost plan availability and high CMS star rating of 4.34/5. Known for their customer-centric approach, Humana Medicare Advantage Plans offer high-quality healthcare services that cater to a wide range of medical needs.

Amerigroup Medicare Advantage Plans

Amerigroup, known as Wellpoint in 2024, is another noteworthy provider offering Medicare Advantage plans in New Jersey. They’re committed to delivering personalized care and support, meeting the unique health needs of their members.

KelseyCare Advantage Medicare Plans

While KelseyCare Advantage might not be as widely known as some other providers, their Medicare plans have received high ratings for member experience, highlighting their commitment to quality and customer service.

Cigna Medicare Advantage Plans

Cigna, with its CMS star rating of 3.76/5, is another reliable choice for those considering Medicare Advantage plans. They offer plans that balance cost, coverage, and care, making them a viable option for many people.

Memorial Hermann Health Plan Medicare Advantage

Although new to some, Memorial Hermann Health Plan offers an array of Medicare Advantage plans that prioritize preventative care and wellness, echoing their commitment to fostering healthy communities.

Choosing a Medicare Advantage plan is a personal decision that should consider your health needs and financial situation. At Sosa Insurance Group, we’re here to help you make an informed choice. In the next section, we’ll guide you through the process of choosing the best Medicare Advantage plan for you. And remember, our Enrollment Guide is always there to assist you through every step of your Medicare journey.

How to Choose the Best Medicare Advantage Plan for You

Choosing the right Medicare Advantage plan is like finding the perfect pair of shoes; it should fit your needs perfectly and provide comfort to your healthcare journey. Let’s walk through the crucial factors you need to consider when shopping for the best Medicare Advantage plan.

Assessing Your Health Needs

The first step to selecting the right Medicare Advantage plan is to assess your health needs. Consider your current and potential future health conditions. Do you have chronic illnesses that require regular medical attention? Do you foresee needing specific treatments or surgeries in the near future? Your health status will greatly influence the type of plan that will provide the most benefits for you.

Also, consider your prescription needs. Some Medicare Advantage plans, like Erickson Advantage and Humana, offer prescription drug coverage. Make sure to check if the medications you regularly take are included in the plan’s formulary.

Evaluating Plan Costs

The next step is to evaluate the costs associated with each plan. While some plans like Erickson Advantage Liberty with Drugs (HMO-POS) and Humana Gold Plus H6622-066 (HMO) offer a $0.00 premium, they might have higher out-of-pocket limits. It’s essential to look beyond the premium and consider the costs of deductibles, copayments, and coinsurance.

At Sosa Insurance Group, we can help you navigate these cost considerations to ensure you’re getting the most value for your money.

Checking Provider Networks

Medicare Advantage plans often come with a network of doctors, specialists, and hospitals. It’s vital to check if your current healthcare providers are included in the plan’s network. If they’re not, you might have to switch providers or pay more out-of-pocket.

Considering Additional Benefits

Finally, consider the additional benefits that Medicare Advantage plans offer. These can include wellness programs, fitness memberships, vision, hearing, and dental coverage. For instance, Clover Health offers a SilverSneakers® fitness membership and easy access to telehealth services.

Choosing the right Medicare Advantage plan can feel overwhelming, but you’re not alone in this journey. At Sosa Insurance Group, we’re here to guide you every step of the way. With our personalized guidance and comprehensive plan options, we’ll help you uncover the plan that best fits your needs. We’re just a phone call away, ready to assist you in securing your healthcare future.

The Role of Sosa Insurance Group in Your Medicare Journey

At Sosa Insurance Group, we believe that healthcare should never be a puzzle you have to solve alone. This belief fuels our commitment to helping you navigate the ever-changing landscape of Medicare Advantage plans in NJ. We offer personalized guidance, comprehensive plan options, and ongoing support.

Personalized Medicare Guidance

Every individual has unique health needs and financial considerations. We understand this and make it our mission to provide personalized guidance for each of our clients. Our team of Medicare experts will discuss your specific health needs, your budget, and your preferences in detail. This allows us to provide recommendations tailored to your individual situation. We help you understand the nuances of Medicare Advantage plans, including premiums, deductibles, copayments, and benefits.

Comprehensive Plan Options

We are proud to offer a wide range of Medicare Advantage plans. Whether you prioritize a low premium, comprehensive coverage, or extra perks like fitness memberships or meal delivery, we’ve got you covered. We work with top-rated providers, such as UnitedHealthcare, Humana, and Aetna, to ensure that you have access to the best plan options available in New Jersey for 2024.

Ongoing Support and Assistance

Our commitment to you doesn’t end once you’ve selected a plan. We provide ongoing support and assistance to ensure your Medicare Advantage plan continues to meet your needs. If you have questions about your coverage, need help understanding a claim, or want to review your plan options during the Annual Election Period, our team is here for you.

Choosing a Medicare Advantage plan can feel overwhelming, but it doesn’t have to be. With the Sosa Insurance Group by your side, you can feel confident in your healthcare decisions. Contact us today to get started on your journey to finding the best Medicare Advantage plan in NJ for 2024.


As we draw the curtains on our comprehensive guide, we hope you’ve gained a deeper understanding of the best Medicare Advantage plans in NJ for 2024. It’s crucial to remember that choosing a plan isn’t just about cost—it’s about finding a plan that aligns with your specific health needs, and that’s where we step in.

At Sosa Insurance Group, we’re committed to helping you navigate the complex world of Medicare to find a plan that offers you the comfort, care, and coverage you deserve. Our team is dedicated to keeping you informed about changes in the Medicare landscape, ensuring you’re always one step ahead.

We understand that each individual is unique, and so are their healthcare needs. That’s why we offer personalized Medicare guidance, comprehensive plan options, and ongoing support and assistance. We’re not just about finding you a plan—we’re about building a relationship that lasts a lifetime.

Whether you’re interested in UnitedHealthcare, Aetna, Humana, Amerigroup, or any other top-rated Medicare Advantage plan, we’re here to help you weigh your options and make an informed decision. Our team is well-versed in all aspects of Medicare Advantage, Medicare Supplement Plans, and Medicare Part D plans to ensure you get the best coverage for your healthcare needs.

As we usher in 2024, let’s do so with the confidence that our healthcare is in the right hands. Remember, your health is your wealth, and at Sosa Insurance Group, we’re committed to helping you protect it.

Are you ready to uncover the best Medicare Advantage plan for you in NJ for 2024? Contact us today and let’s embark on the journey to exceptional healthcare coverage together.

From all of us at Sosa Insurance Group, we wish you a healthy and prosperous 2024!