Medicare Advantage plans are not the first alternative Congress has given us. It died as the insurance companies were not able to be profitable within the constraints of the program. I believe history will repeat itself.
I am a retired physician who will be take traditional Medicare and the best possible MediGap plan (currently Plan G) when I become eligible next year. In 46 states (exceptions include NY, MA, CT, ME), once you pick Advantage Plan, you cannot go back to traditional Medicare.
Well, you may be able to go back. You will face medical underwriting, which you may fail. However, occasionally a company will waive underwriting (Humana did so a few years back for Plan G), and in my area UnitedHealth offers more expensive versions of its Medigap plans, presumably for those who fail.
We felt that choosing Senior Care Coverage was such a difficult and daunting task we paid an expert advisor to help us choose.
Obviously, others have different perspectives and opinions.
File this under FWIW
https://www.kiplinger.com/retirement/medicare/medicare-advantage-customers-face-shrinking-pool-of-insurers
“Medicare Advantage Customers Face Shrinking Options – Medicare Advantage plan insurers are reducing their enrollments as profit margins shrink.”
Medicare Advantage plans are not the first alternative Congress has given us. It died as the insurance companies were not able to be profitable within the constraints of the program. I believe history will repeat itself.
I am a retired physician who will be take traditional Medicare and the best possible MediGap plan (currently Plan G) when I become eligible next year. In 46 states (exceptions include NY, MA, CT, ME), once you pick Advantage Plan, you cannot go back to traditional Medicare.
Well, you may be able to go back. You will face medical underwriting, which you may fail. However, occasionally a company will waive underwriting (Humana did so a few years back for Plan G), and in my area UnitedHealth offers more expensive versions of its Medigap plans, presumably for those who fail.