Talk of The Villages Florida - View Single Post - Medicare Advantage Plans A Failed Experiment?
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Old 06-16-2024, 06:34 PM
Pat2015 Pat2015 is offline
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Quote:
Originally Posted by SusanStCatherine View Post
But when signing up at age 65 and selecting an Advantage plan, it is basically the selection for the rest of your life (you can change within first six months or something like that). But selecting a MediGap plan allows you to switch to Advantage later, but not the other direction. Some states allow the change. A fair number of people don't understand this. Also some people don't know your Medicare premiums can double or more depending on your income. My widowed cousin sold her house and is now stuck paying double for two years - pretty sad.
That increase will only be for one year as they look at your income two years prior to establish your rate each year. It will go back down the following year.