With the Medicare open enrollment period beginning on October 15, we encourage Medicare beneficiaries to choose carefully between traditional Medicare and joining a private Medicare Advantage plan. This is particularly important, as consumer marketing protections have been reduced and public promotions of Medicare Advantage are increasing – including on TV and in the mail. Here are some pros and cons regarding traditional Medicare and Medicare Advantage to consider:
Traditional Medicare allows access to all doctors, health care providers, hospitals, and facilities that accept Medicare nationwide.
People with traditional Medicare can choose whatever Medicare prescription drug plan best serves their needs
People with traditional Medicare often have better access to home health care, nursing homes, and rehabilitation
People with traditional Medicare often need to purchase a “Medigap” policy to pay for Medicare cost-sharing.
For assistance with your Annual Enrollment Period contact us at 813-964-7100 or email info@mintcofinancial.com