Are Medicare Advantage plans BAD?

10/04/2023 16 min
Are Medicare Advantage plans BAD?

Listen "Are Medicare Advantage plans BAD?"

Episode Synopsis

Are Medicare Advantage plans as bad as people on social media make them seem? Should you just enroll in a Medicare Supplement plan instead?Some of the "pros" of Medicare Advantage plans include:- They often provide extra benefits that are not covered by Original Medicare- Low monthly premiums (often $0/month)- Prescription drug coverage is typically included in Medicare Advantage coverage- Maximum out of pocket that Original Medicare does not have- Ability to change from one Medicare Advantage plan to another Medicare Advantage plan without health questionsSome of the "cons" of Medicare Advantage plans include:- Prior Authorization- Potential referrals to see in-network specialists- Networks of providers- Potentially higher medical costs compared to Medigap plans- Yearly contracts with benefits that can and will change every year*Sources are at the bottom of the show notes*Giardini Medicare is an independent insurance agency specializing in helping Medicare beneficiaries enroll in the Medigap or Medicare Advantage plan that fits their needs during their transition to Medicare. We are licensed and work virtually in the following states:  AZ, CA, FL,  IL, IN, KY, MI, MD, NC, OH, PA, SC, TX  If we do NOT work in your state, we can refer to agents that we know, like & trust across the country. Fill out the form linked to our map.Check out our website at  https://gmedicareteam.com/Also, see our additional educational content over on our YouTube ChannelYou can also connect with and learn more on TikTok and our private Facebook Group and while you're at it, check out our Google Reviews!  And, please get added to our mailing list so that we can remain in touch with you.Sources: Understanding Medicare Advantage Plans PDFHow does Medicare Advantage plans work?Services covered by Medicare AdvantageKFF Medicare Advantage in 2022 StudyOfficial CMS Medicare and You HandbookKFF Study about Medicare Advantage Prior AuthorizationMedicare.gov things to know about Medicare Advantage