KFF Health News January 23, 2024
Medicare Advantage plans are booming — 30.8 million of the 60 million Americans with Medicare are now enrolled in the private plans rather than the traditional government-run program.
But a little-known fact: Once you’re in a Medicare Advantage plan, you may not be able to get out.
Traditional Medicare usually requires beneficiaries to pay 20 percent of their medical bills after their deductibles are met — a potentially ruinous expense that most people cover in part with a private supplemental plan called Medigap. But unless you sign up for Medigap soon after you’re first eligible, insurers can often deny coverage or charge steeper premiums based on preexisting conditions.
Medicare Advantage can look pretty attractive to new Medicare beneficiaries, especially...
Today's Sponsors
Today's Sponsor