I’ve talked to several clients recently and fielded this common question: Are Medicare Advantage plans bad? **(If you’re not familiar with Medicare Advantage plans, they are Medicare plans offered by the private sector. The federal Medicare program heavily subsidizes them, and they often “bundle” Parts A, B, and D of Medicare into one plan).** I […]
What would you guess is the biggest “money suck” in retirement? Many would say traveling, spoiling grandkids, eating out too much, or maybe finally splurging on things you put off during your working years (we can finally join and use a country club!). While it’s true that overspending can definitely suck your money away in […]
What Does the Medicare Advantage Open Enrollment mean? Is this a good time to review your Medicare health plan options? From January 1 to March 31 you have the Medicare Advantage Open Enrollment Period. During this time period you may make a onetime change from one Medicare Advantage Plan to another. Or, you may dis-enroll […]
Here is how you can try out a Medicare Advantage plan using what are called Trial Rights. There are two main trial right that you can use to try out a Medicare Advantage plan and you can still go back and get a Medicare Supplement Plan in the future with no medical underwriting questions. The […]
When it comes to Medicare Advantage, I think there are three very important things to be aware of before enrolling in a plan. 1. They Are Mostly HMO’s – The All-In-One Medicare Advantage plans are mostly HMO plans where you need to choose a primary care doctor and will need referrals to go see specialists. […]