Medicare coverage isn’t one size fits all. Therefore, it’s crucial to research all your options. Beneficiaries can either pair Original Medicare with a Medigap plan or, through an Advantage plan, have a private insurance carrier pay instead of Medicare.
When you first become eligible for Medicare, you’re suddenly faced with more health insurance options than you’ve ever had before. In addition to Original Medicare, the average beneficiary has access to roughly 50 different Medicare Advantage and Part D plans. Choice is a good thing, but it can also be overwhelming.
Here’s the bottom line from Omdahl and the “Friends Talk Money” hosts: Some of what you hear on those Medicare Advantage TV ads is true, but the fine print shows that “free” isn’t really “free.” When the commercials say “zero premium, zero deductible and zero co-pay,” that’s not the whole story.