If you’re looking for objective information on Medicare Advantage plans, MedicareWire founder and author David Bynon is setting the record straight.
Authors Elliot Raphaelson and David Bynon hope you never have to call 911 for a medical emergency, but just in case you do, they hope you get the 411 on what your Medicare options are first... before you face the kind of bill that will put you back in the hospital!
Raphaelson’s new article, which is titled ‘The Savings Game: The pitfalls of Medicare Part C’ comprehensively covers Medicare Advantage plans, which are also known as Medicare Part C, and features advice from David Bynon’s popular e-book, ‘Why Medicare Advantage Plans Are Bad’.
Go to https://www.msn.com/en-us/money/insurance/the-savings-game-the-pitfalls-of-medicare-part-c/ar-AAZsxkb?li=BBnb7Kz to find out more.
The release of the consumer report coincides with the increasing subscription of American citizens to Medicare Advantage plans. According to the American Association for Medicare Supplement Insurance, the number of people that are now in these plans is 26 million, which equates to approximately 42% of all Medicare enrollees.
With this number tipped to rise to about 53% by 2030, writers like Raphaelson and Bynon believe it is imperative that, if you are considering your health insurance needs and requirements, you have access to more objective information.
As a recent joint exposé by Forbes magazine and the Friends Talk Money podcast illustrated, the increasingly advertised plans—and the zero premium, zero deductible and zero co-pay rhetoric that features heavily in them—only represent half of the picture. As their researchers determined, seven out of ten Medicare beneficiaries failed to compare coverage options.
Raphaelson’s article touches on similar issues. In it, he explains to you some of the key disadvantages of Medicare Advantage plans, as explained in Bynon’s book.
As he states, amongst other issues, the plans lead to you having to make multiple copays for different doctors, specialists and diagnostic procedures, and facing higher hospitalization costs. The report also shows that these plans offer you less doctor contact and a more limited pool of doctors and specialist providers.
The bottom line, according to both Raphaelson and Bynon, is that Medicare Advantage plans can be advantageous if you are a healthy individual who doesn’t anticipate needing the medical system. However, if you are elderly or are suffering from a chronic condition, the authors recommend that you consider alternatives like Original Medicare with a Medigap supplement.
"If you watch television, it is hard to avoid the promotions for Medicare Advantage plans. These commercials suggest that if you are eligible for Medicare, you should be signing up for a Medicare Advantage plan," writes Raphaelson. "It is true that some individuals might benefit from a Medicare Advantage plan. However, you should be aware of the potential disadvantages."
The full version of David Bynon’s informative e-book ‘Why Medicare Advantage Plans Are Bad’ is available for download on the MedicareWire platform at https://medicarewire.com
Before you get sucked in by the next advertisement for Medicare Advantage plans, get the real facts first.
Visit https://www.msn.com/en-us/money/insurance/the-savings-game-the-pitfalls-of-medicare-part-c/ar-AAZsxkb?li=BBnb7Kz to see what your Medicare options really look like.
