![]() The following compares the primary advantages and disadvantages of traditional Medicare and Medicare Advantage plans. A future blog will provide suggestions from leading Medicare experts about ways to think about this important decision and the financial issues at stake. This primer is for new enrollees like my aunt. The typical beneficiary today has about 18 Medicare Advantage options, a multitude of Medigap plans for people who choose the traditional route, and 31 prescription drug programs, according to the Kaiser Family Foundation. So which to choose? Consumer choices have proliferated since private plans were added to Medicare 40 years ago. The other is through Medicare Advantage, a managed care option that typically provides prescription drug coverage and other services not included in the basic Medicare program. ![]() One form of additional coverage is through supplements to traditional Medicare, which include a Part D prescription drug plan and/or a Medigap private insurance plan to cover some or all of Medicare’s co-payments, deductibles, and other out-of-pocket costs. “It’s confusing.”Įssentially every 65-year-old American enrolls in Medicare, and many get additional coverage. You really have to think about it,” she said. ![]() Traditional Medicare with a Medigap plan or Medicare Advantage? My Aunt Carol in Orlando wrestled with this decision for some five hours in sessions with her Medicare adviser, which she followed up with multiple phone calls – and a raft of additional questions.
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