Don’t sign up for a Medicare Advantage plan without knowing your options. Read the new guide “Why Medicare Advantage Plans Are Bad”, now on order at Amazon.
If you are turning 65 or are already on Medicare, it is important to understand the pros and cons of each plan. Did you know that Advantage plans may have serious disadvantages for you?
Author and expert David W. Bynon have written a must-read book for seniors on Medicare.
Get more information at https://www.amazon.com/Why-Medicare-Advantage-Plans-Survive-ebook/dp/B09BWXVWDX
The US population that is over the age of 65 is growing by 10,000 per day as baby boomers age. If you or a family member are in this group, you should learn all you can about Medicare Advantage plans.
Too many American seniors opt for Medicare Advantage plans from private insurers without knowing the disadvantages, according to the author. CMS favors Medicare Advantage over other options like supplement plans, Bynon writes. Instead, if you are approaching the age of 65, the author advises you to consider the pros and cons before enrolling in an Advantage plan.
The latest guide lays out the essential facts about Medicare, which includes Part A hospital coverage and Part B coverage for doctor visits. Because Medicare only covers about 80 percent of costs, you will probably purchase a plan to make up the difference.
It is important that you choose your type of coverage wisely. Those who purchase a Medigap supplement plan, instead of an Advantage plan, pay a monthly premium but no additional costs, making it easier for retirees on a fixed budget. However, Medicare plans may not cover extra benefits, such as telehealth, that Medicare Advantage plans may offer.
In an Advantage plan, you pay per medical services rendered, leaving you vulnerable to unexpected health care costs, a disadvantage if you have a chronic health condition like high blood pressure, heart disease, or diabetes. In addition, most Advantage plans are HMOs or PPOs, which are group health plans that limit your choice of doctors.
Another concern that Bynon voices about Advantage plans are that they may require pre-approval from your insurance company before you receive treatment. If you instead had original Medicare with a Medigap supplement, you would not need these pre-certifications.
Medicare Advantage plans have low premiums, but did you know that you still need to pay Medicare premiums? Also, your out-of-pocket costs can add up quickly. Another concern is that hospital stays may cost you more on an Advantage plan.
Additional content in the book covers the rights and protections that Medicare beneficiaries need to know about, especially low-income qualifiers.
Don’t get fooled by low monthly premiums. Find out about the real costs of Advantage plans.
Before enrolling in Medicare, go to https://www.amazon.com/Why-Medicare-Advantage-Plans-Survive-ebook/dp/B09BWXVWDX so you can make the best choice for your health.