Medicare Advantage plans (also known as Part C) sound attractive to many people, but most of these plans have unexpected out-of-pocket expenses that people have to pay when they get sick. These are plans that private insurers provide as an alternative to the traditional Medicare plans that people are on, and they must provide coverage that Medicare requires at the same price level, though what these plans pay out can differ depending on a person’s overall health. When a senior citizen who is 65 or older is selecting a coverage choice that can either choose traditional Medicare, Medicare with Medigap (private supplemental Policy, or Medicare Advantage. A traditional Medicare plan offers the most comprehensive coverage with the fewest unexpected out-of-pocket expenses. This article discusses the limits in coverage that Medicare Advantage plans offer.
See Lita Epstein, Pitfalls of Medicare Advantage Plans, Investopedia, January 8, 2016.
