In 2022, 48 percent of Medicare beneficiaries were enrolled in Medicare Advantage plans instead of original Medicare, and experts predict that number will be higher in 2023. Medicare Advantage plans are offered by private insurers and bundle Medicare benefits in a way many people find appealing—but they also limit care to network providers, often require…
Options and Schedules for Enrollment in Medicare
By Elliot Raphaelson From Tribune Content Agency A reader wrote: “I am very confused about the deadlines for enrolling in Medicare, when coverage starts, and changing options. For example, if I am enrolled in a Medicare Advantage Plan, and want to change to another plan, when can I do it?” An excellent source of information…
5 Mistakes You’re Making With Medicare Open Enrollment
Millions of retirees are in the thick of Medicare open enrollment, which runs from Oct. 15 to Dec. 7, but many find the process challenging. Some don’t understand the difference between Original Medicare and Medicare Advantage, many are overwhelmed by Medicare advertising, and only 4 in 10 people review their plan options each year, according…
Why You Will Pay Less for Medicare in 2023
During this time of high inflation rates, seniors will be glad to hear that some Medicare plan costs will be reduced in 2023. It is certainly good news after hearing that the cost-of-living adjustment (COLA) is higher for 2023 than it has been for a long time. It means seniors will not have to spend…
Retirement: Understand the Trade-Offs of Medicare Plans
By Kimberly Lankford From Kiplinger’s Personal Finance Enrolling in Medicare, which you can do starting at age 65, comes with a series of decisions for getting the most out of your health care coverage. One of the first decisions you’ll have to make is whether to enroll in original Medicare or a private Medicare Advantage…
The Savings Game: Advice on Medicare Options, and Other Reader Questions
By Elliot Raphaelson Q: I am considering several options regarding Medicare Advantage plans and Medigap plans. How can I receive unbiased advice? A: One source you can consider is using the services of a State Health Insurance Assistance Program (SHIP) volunteer. Each state has a SHIP chapter and can provide a volunteer, at no cost,…
Medicare Made Clear—What You Need To Know Before You Sign Up
When you reach 65, you will probably need to sign up for Medicare. This government-sponsored health care program is available to U.S. citizens eligible for Social Security. Before you rush to sign-up, there are some things you need to know about Medicare that may affect your choices. What Are You Signing Up for? Medicare Part…
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