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Why Medicare Advantage Plans Are Bad – The 3 Big Reasons

Why Medicare Advantage Plans Are Bad – Part A of the Problem: Premiums start out at extremely low rates, even for senior citizens, and then the insurance company hikes the rates, often without warning, several years later. The whole idea is to make more money, while you stay in the same position you started in, so there’s nothing wrong with that, and it is entirely legal. Medicare is a guarantee of certain benefits, such as the treatment of debilitating illnesses, the prevention of excessive medical costs, etc., but it is not a guarantee of any particular service or benefit. Medicare Advantage Plans, on the other hand, were put in place to help people find their footing in this system of private health care and to protect them from abusive hikes in their premiums by their insurance companies. click here

Why Medicare Advantage Plans Are Bad For You

But Why Medicare Advantage Plans Are Bad – Part Two of the Problem: Most plans automatically include some doctor visits, usually at very low costs. If you have a specialty and/or emergency doctor that is covered by your primary plan, then you will not pay anything extra for that coverage. On the other hand, if you do not have a primary doctor who is covered, and instead rely on an emergency room or a “clinically relevant” physician whom your doctor has to refer you to, then you are out of luck. In these circumstances, your best bet is to enroll in a Medicare Advantage Plan. Also, keep in mind that most plans will only cover doctors who accept Medicare, so you need to be sure that the doctor you see is on the approved list.

Why Medicare Advantage Plans Are Bad – Part Three: The bottom line is that these HSA compliant health insurance plans are simply not worth the paper they are written on. The administrators behind these HSA compliant health insurance plans know full well that most people will never even visit their doctors unless they have an emergency. That is why Medicare Advantage Plans are so bad. They are made for those individuals who can not think carefully about what health insurance plan they are going to sign up for. It is a good idea to do some research about any health plan that you are thinking about signing up for, and get as much information as you possibly can about how much it will cost you, what your co-payments will be, and what the exceptions are, before you sign up. Keep this information with you at all times when shopping around for a new health insurance plan.

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