Quote:
Originally Posted by Happydaz
There is a recent article published in Forbes Magazine (June 15, 2022) on Medicare Advantage Plans. It says Medicare Advantage patients cost on average 4% more per year than what an average patient costs on traditional Medicare. The article has a lot of other interesting information as well. I am no expert and and I was only posting this because I was so surprised when talking to my friend that these Advantage plans weren’t saving money over traditional Medicare.
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Thank you for your input.
Are you taking into consideration the costs of benefits included in a Medicare Advantage plan and NOT with traditional Medicare or a Medigap (aka Supplement)?
For example Prescription Drugs (Part D); preventative dental, vision and hearing; over the counter allowances; fitness memberships and personal emergency response systems are included (albeit co-pays or co-insurance may apply).
Counting all the cost/benefits would be a fair comparison.