Jul 212011

The annual election period for Medicare Advantage starts this year  on October 15th and ends December 7th.  During this period anyone who is enrolled in Medicare may enroll for the first time in a Medicare Advantage Plan; or change from one Medicare Advantage Plan to another; or return to Original Medicare.  This year there will be many people leaving Medicare Advantage and picking up a Medicare Supplemental insurance plan.  Though Medicare Advantage can definitely be an asset in certain situations there is a reason more people chose Medicare Supplemental insurance over Medicare Advantage.  When you read some of the disadvantages of Medicare Advantage you will see why this trend will continue.

Disadvantages of Medicare Advantage

  1. Typically the list of doctors and hospitals you can use are restricted.  This can be particularly problematic if you are want to visit a specialist or say a cancer treatment center that is not on the list.
  2. If you do choose to go to a doctor outside your network, you will no longer have Medicare Parts A and B to fall back on, and will be responsible for 100% of all costs.
  3. Most Medicare Advantage plans require you to pay a co-pay each time you see a doctor, receive medical treatment, or visit a hospital.
  4. The government is reducing funding for Medicare Advantage, causing many plans to pull out of the marketplace or raise their premiums.

If you are shopping for a Medicare Supplement Plan request a quote from Centaur Medicare Solutions: One Agency Contracted With all the Insurance Companies Gets You the Best Deal!


Joel Moyer