The draw-backs of Medicare ADVANTAGE plans...

[kadee79]

For most folks on SS, these are NOT good.  This article points out the problems, point by point.

It’s open enrollment time for Medicare eligibles. All those TV ads and direct mail pieces, some of which come from hospitals, urging you to switch to a Medicare Advantage Plan from the traditional Medicare Part A and B.

Medicare Advantage plans, also known as Medicare Part C, have gained popularity recently as an alternative to traditional Medicare. These plans offer enticing benefits such as low premiums and additional coverage, making them seem like an excellent choice for Social Security recipients. However, beneath the surface, hidden dangers and drawbacks may make Medicare Advantage plans a bad choice for those relying on Social Security benefits.

As a retired healthcare executive, if you are considering enrolling for the first time or switching from traditional Medicare, don’t do it. It is a shell game that gives providers some reimbursement certainty and cost control for CMS. But, as the healthcare consumer, you still pay the deductibles and co-pays just like traditional Medicare Part A and B.

While it sounds great that you get all these additional services on Medicare Advantage, are you financially prepared to spend thousands of dollars out of pocket for what Medicare Advantage does not pay?

Did they tell you you can’t have a Medigap plan under Medicare Advantage to cover your deductibles and co-pays? Well, you can’t.

www.msn.com/en-us/money/retirement/the-hidden-dangers-of-medicare-advantage-plans-for-social-security-recipients/ar-AA1jl4ko?ocid=hpmsn&cvid=7b81af88fe264e7985ba56c9df75ff1c&ei=31

[Artemis Windsong]

My H. and I just went through some insurance issues.  Our supplement was Medica for years.  Apparently when the company got 2500 customers in our county, they changed the plan.  H went through and compared.  The one thing we did not like is we had just 6 months coverage when out of their 5 states.  And we had to inform them of when we were out of state which differed from what we had before.

We could move to another county to maintain the plan we had before.  Unlikely.

We'll see how things work in the coming year.  We continue our gym memberships and will have a swipe card for OTC purchases.