The question on many an aspiring senior’s minds is, “Why Medicare Advantage Plans is bad,” or “Should I pay for Medicare Part A and Part B myself?” The facts are that they simply are not. More than 34 percent of Medicare recipients are enrolled in Medicare Advantage (MA), which means they are able to choose not only their doctor but also the hospital from which they receive treatment. Medicare Advantage plans also have both pros and cons just like any other kind of health insurance coverage.
Why Medicare Advantage Plans Are Bad For Your Health
The biggest reason why Medicare Advantage plans are bad is that they’re not designed to keep seniors healthy. Many elderly Americans rely heavily on their Medicare Advantage plan to help them pay for their prescriptions, visit doctors and dentists, and even visit home healthcare agencies for assistance. This can be very helpful, but not if the provider isn’t Medicare-approved. If your doctor’s office is not a Medicare authorized facility, you may have to switch to another one. While this can sometimes cause a slight financial strain, most Medicare beneficiaries don’t even notice the switch.
Another reason why Medicare Advantage plans are bad is that some people don’t utilize the coverage enough. Some seniors may believe that Medicare pays for all their prescription costs, but that’s not always the case. In fact, Medicare doesn’t pay for many common prescription drugs. According to a recent report from the Rand Corporation, only 25 percent of prescription drug expenses are covered by Medicare. That’s good, but if you’re a senior citizen making $13,000 a year and you take eight pills every single day, it can be costing you a lot of money.