Tuesday, October 18, 2022

Seniors, Beware! Medicare Advantage Plans A, B, and C are a Rip-Off

Seniors, Beware! Medicare Advantage Plans A, B, and C are a Rip-Off
If you're a senior citizen on Medicare, you may have been approached about enrolling in a Medicare Advantage plan. These plans, also known as Part C plans, are offered by private insurance companies as an alternative to Original Medicare (Part A and Part B). While they may sound like a good deal, beware! In many cases, these plans are a rip-off. What is Medicare Advantage? Medicare Advantage plans are offered by private insurance companies as an alternative to Original Medicare (Part A and Part B). These plans must provide at least the same coverage as Original Medicare, but many offer additional benefits such as prescription drug coverage, dental care, and vision care. Some even offer gym memberships! Sounds great so far, right? Unfortunately, there's a catch. While Original Medicare is run by the government and funded by our taxes, Medicare Advantage plans are run by for-profit insurance companies. That means that they're motivated by one thing: making money. How do they make money? By charging seniors higher premiums, co-pays, and deductibles. In some cases, these charges can be so high that seniors end up paying more out-of-pocket than they would with Original Medicare. And what do they get in return? Often times, less coverage! Many Medicare Advantage plans have narrow networks of doctors and hospitals that seniors must use. If seniors need to see a doctor or specialist outside of their network, they may have to pay the entire bill themselves. Who wants to pay higher premiums, co-pays and deductibles? Not me! That's why when the time comes I'm shopping for an Original Medicare plan. But what if there was a way that we could get all the benefits of Medicaid without having any strings attached... Source: https://the-biggestannelrightnowonlinecom/blog/20180110_Medicare Advantage Plans Are The Only Option For Many Americans
Is There an Alternative? Yes! We're all in this together. When it comes to our health, there's no one-size fits all solution that works for everyone--especially not Medicare Advantage plans which have been cropping up as an alternative option among frustrated seniors looking outside of traditional fee based healthcare coverage due their dissatisfaction with high costs and limited benefits packages offered by private insurers I know what you’re thinking: "But wait!" You may be wondering if these single payer systems are really better than buying privately? Well, lets take a look. 1. Single payer systems are more efficient because they remove the need for insurance companies 2. A single payer system would provide everyone with coverage, which is something that our current system does not do 3. A single payer system would reduce administrative costs 4. A single payer system would be more equitable because it would eliminate the need for co-pays and deductibles 5. A single payer system would improve our overall health because people would have access to preventive care The United States spends more on healthcare than any other country. Yet we're worse off when it comes to coverage and access; one out of five people don't have insurance, while prices are sky-high for those who do! It's time that Americans take action: single payer is the answer our broken system needs now more than ever before in order provide quality care without discrimination against anyone including seniors or individuals with preexisting conditions. What I am finding after looking into this is that in many cases, Medicare Advantage plans are a rip-off, I had heard Thom Hartmann mention it on his show, but I wanted to do my own dive into it. While they may sound like a good deal, the extra benefits offered by these plans come at a cost. In many cases, seniors who enroll in these plans end up paying more out of pocket for their health care than they would if they had stayed with Original Medicare. If you're approached about enrolling in a Medicare Advantage plan, beware! Do your research and make sure you understand all of the costs and benefits before making a decision. And remember, if you have any questions or concerns, you can always talk to your doctor or contact your local Area Agency on Aging.

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