Why Medicare Advantage Plans are Bad The biggest drawback of Medicare Advantage Plans is the potential for high out-of-pocket costs. Even though these plans may offer more complete coverage, they have frequent expenses. Plus, plans change annually, may require referrals and prior authorization, and … [Read more...] about Drawbacks of Medicare Advantage Plans
Blog Posts Related to Medicare Advantage
On this page, you will find blog posts related to Medicare Advantage plans (Medicare Part C).
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Medicare Supplement vs Advantage: Which is Better?
Which is Better Medicare Advantage or Supplemental Insurance? Medicare Advantage plans offer more benefits, but Medicare Supplements provide more financial coverage. Decide which you need, and you'll know which is better. In this article, we'll explain the top Medicare Supplement vs. Medicare … [Read more...] about Medicare Supplement vs Advantage: Which is Better?
Medicare Advantage Insurance Costs at a Glance
If you are new to Medicare, you might find the cost structure confusing. This is particularly true when it comes to Medicare Advantage plans. In this article, we'll do our best to demystify exactly how much Medicare Advantage plans cost. That way you will be able to compare plans to find the one … [Read more...] about Medicare Advantage Insurance Costs at a Glance
Medicare Out-of-Pocket Maximum in 2024
Does Medicare Have An Out Of Pocket Max? Unlike Medicare Advantage Plans, Original Medicare (Part A and B) has no maximum out-of-pocket limit. To limit costs, you need a Medigap Plan. This article will dissect what Medicare covers, its out-of-pocket costs, and how to get more financial … [Read more...] about Medicare Out-of-Pocket Maximum in 2024
Are Free Medicare Advantage Plans Really Free?
How Can Medicare Advantage Plans Be Free? Medicare Advantage plans with a zero-dollar premium aren't free. You must continue to pay your Part B premium. Due to their costs, free plans can be more expensive. In this article, we'll explain the true cost of Medicare Advantage plans, and what a … [Read more...] about Are Free Medicare Advantage Plans Really Free?
Top 5 Advantages and Disadvantages of Medicare Advantage Plans
If you are about to make plan election choices for yourself or a loved one, you might find yourself wondering about the advantages and disadvantages of Medicare Advantage plans. In this MedicareWire article, we'll answer this important question for you. Spoiler Alert: It's different for … [Read more...] about Top 5 Advantages and Disadvantages of Medicare Advantage Plans
How to Compare Medicare Advantage Plans
Where to Compare Medicare Advantage Plans MedicareWire is the only website that lets you quickly and easily see all Medicare Advantage plans in your area and download plan benefits and costs. Use our MA Plan Finder to compare plans. In this article, well answer these important questions about … [Read more...] about How to Compare Medicare Advantage Plans
When to Sign up for Medicare if Still Working at 65
In our second article in the Medicare Mistakes Series, we discussed why it is a mistake not to enroll in Medicare at age 65. In Mistake #3, we're going to address an equally important topic, not signing up for Medicare if you are still working. If you are still working at age 65, yes, you should … [Read more...] about When to Sign up for Medicare if Still Working at 65
Is Medicare Free For Everybody?
Many people mistakenly believe that Medicare is free for everybody, including when you turn age 65. After all, during the years we work, we pay Medicare taxes, right? Medicare is not free for everybody. Medicare is not free at age 65. And Medicare is not free for the disabled. Our taxes pay for … [Read more...] about Is Medicare Free For Everybody?
What Is The Point of a Medicare Advantage Plan?
Original Medicare (Part A and B) does not provide enough coverage for many people. For instance, it doesn't cover routine vision, hearing, or dental care. And it only pays for about 80% of what it does cover. A Medicare Advantage plan aims to fill in some of the coverage gaps in Original … [Read more...] about What Is The Point of a Medicare Advantage Plan?
When Does Medicare Start? 7 Important Facts You Need to Know.
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2022, more than 64 million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to nearly 80 million people. In this … [Read more...] about When Does Medicare Start? 7 Important Facts You Need to Know.
How Much Does Medicare Cost?
Medicare Has Premiums, Deductibles, Copayments, Coinsurance, and Other Costs. Many people think that Medicare, the federal government's health insurance program for people 65 and older, will pay for everything related to their health care. Unfortunately, it doesn’t. The reality of how much you … [Read more...] about How Much Does Medicare Cost?
Does Medicare Cover Gym Memberships?
Original Medicare covers medically necessary health services, which does not include gym memberships or other types of fitness services. That's a shame because regular exercise benefits overall health, both physical and emotional. Fortunately, many private Medicare plans do cover fitness programs … [Read more...] about Does Medicare Cover Gym Memberships?
Does Medicare Cover Insulin?
Prescription medications can be difficult to keep up with financially, especially when needed to treat a chronic condition, like diabetes. Insulin in particular has suffered from skyrocketing prices over the past few years. Fortunately, as of January 2021, Medicare introduced the Senior Savings … [Read more...] about Does Medicare Cover Insulin?
Does Medicare Cover Hospital Stays?
There is no way to sugarcoat it. A hospital inpatient stay can be very expensive. When enrolling in Medicare for the first time or switching coverage, one of the first questions you might have is "will Medicare cover my hospital stay?" Yes! Medicare provides coverage for the majority of hospital … [Read more...] about Does Medicare Cover Hospital Stays?