Fortune June 10, 2024
Usually, after age 65, you have two Medicare options: Traditional Medicare (Parts A, B and D and often a Medigap plan) or a private health insurer’s Medicare Advantage plan, also called Part C. But increasingly, people with retiree health benefits from their former employers aren’t given that choice.
Instead, they’re told they can only enroll in a Medicare Advantage plan, with its limited network of doctors and hospitals—even if they’d prefer going with the less restrictive Traditional Medicare.
Reject the Medicare Advantage plan, they’re told, and they’ll lose their retiree health benefits, sometimes in perpetuity.
“It’s a lot to ask someone potentially to consider giving up their retiree benefits,” says Meredith Freed, a senior policy manager with the Program on...
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