Last week, I saw a Medicare Advantage infomercial that was misleading.
Oct. 15 to Dec. 7 is open enrollment for Medicare Advantage and Part D (Prescription Drugs) so companies are hyping their plans, making them sound wonderful.
Medicare Advantage combines Medicare Part A (Hospital) and Part B (Medical), often covers Part D, and usually covers some of Medicare's deductibles and co-payments.
While Medicare Advantage plans may work well, they also can cost you more money and grief.
In addition to paying more for fewer services, other disadvantages are:
- Doctors may change.
- Prescription drugs may not be covered.
- Dissatisfied consumers have to wait until the next enrollment period to switch.
- Policies are complex and difficult to compare.
- High-pressure sales may be used.
- Federal rules for the plans could change.
For help, see:
How Do Medicare Advantage Plans Work
Should You Buy a Medigap or Medicare Advantage Plan?
Differences Between Original Medicare and Medicare Advantage Plans
Good luck. Comparing these plans is complicated for consumers.
