When turning 65, seniors are often confronted by a slew of insurance agents calling, knocking, filling up their mailbox, etc. This is because the agents know that you can sign up for ANY Medicare plan in the market and it is guaranteed issue = you cannot be rejected for coverage, initially.
So what is better? A MediGap (supplement) plan? Or is a Medicare “advantage” plan the best way to to go?
Our clients do not like SURPRISES with their health plan.
As you can see, with a Medicare Supplement policy, you have consistent monthly premiums each month.
This works well for someone on a fixed income.
With a Medicare Advantage Plan, you could have a BIG surprise when you need hospital services.
Avoid the spikes in cost (red line) that is possible with a Medicare Advantage plan, such as an $1,800+ bill for one hospital stay.
Also consider these critical differences in the two types of plans:
Here is what a senior could expect to see on one of the “no premium” Medicare “Advantage” plans.. from a Good Morning America story:
Want to know what Doctors think about the free Medicare “Advantage” plans? Watch a doctor explain how they work, in his experience:
And finally, here is what to AVOID when dealing with an insurance agent who has hounded you, as you’re turning 65 and joining Medicare for the first time:
For honest, independent advice from a 19+ year veteran at helping seniors, call Christopher Westfall at the Senior Savings Network at 1-800-729-9590.