A recent article in Money Magazine cautioned readers to think carefully before jumping into a Medicare Advantage plan just because it may be less expensive than some Medigap plans.
The author pointed to a recent survey that projected an average cost of $350 per month for Medicare Part A, Part B, Part D, and a Plan F supplemental policy. He contrasted that with some Medicare Advantage plans that cost about $135 per month to get comparable coverage. That’s probably a good option if you’re reasonably healthy, but there could be risks if you’re not.
Medicare Advantage plans have a narrower network that one or more of your doctors may not be a member of. Switching to new doctors who aren’t familiar with your health history may have risks. Your access to specialists may be restricted and some charges may not be covered.
It’s always a good idea to speak with a trained Medicare specialist to help you determine the best option.
Thu, 26 May 2016 10:34:38 GMT
Money Magazine – Retiree health care costs are taking an ever-growing bites out of seniors’ income. So it’s no surprise that Medicare Advantage plans are booming in popularity as a lower-cost alternative …