Only a quarter of all Medicare participants have opted to use the private Medicare Advantage (MA) insurance option, and this number is expected to drop drastically over the next four years.
As mentioned in an earlier column, the primary reason many choose MA is to minimize their monthly premiums. However, this monthly premium advantage could quickly become a disadvantage in several different scenarios.
The principal reason to avoid MA is because your options become limited to a predefined private health care network. Seeking care outside of this network will quickly lead to escalating financial woe.
The limitations of this network …Read More