Should You Sign Up for Medicare or Medicare Advantage?
Due to the changing needs of patients, health insurance plans under the name Medicare have gone through a number of permutations. While many patients may be familiar with traditional Medicare plans, which of them should opt for the increased coverage of Medicare Advantage plans?
David Duel is well-versed in the particulars of Medicare, as he is the founder and CEO of California-based Medicare platform EasyHealth. He explains, “Medicare Advantage is sort of an add-on to traditional Medicare that covers recurring costs that Medicare does not cover. As long as you are already enrolled in a traditional Medicare plan, you can get Medicare Advantage from the same insurance company that provides your medical coverage.”
Traditional Medicare is more ideally suited to large one-time payments related to healthcare, while Medicare Advantage also covers recurring expenses such as prescription drugs and dental care in exchange for a monthly rate.
David Duel adds, “Some patients rack up healthcare-related expenses that are not covered by Medicare. You may not need Medicare Advantage at first, but once you notice frequent visits to the doctor or healthcare providers, you may want to consider additional insurance.”
It is important to note that you have alternatives. There may be other healthcare-related state programs that can meet your needs. Furthermore, you should also know that Medicare Advantage isn’t an answer to every type of expense you incur.
“Even after getting Medicare Advantage, there are still some things that you’ll have to pay for out of the pocket. If you want insurance that covers the things Medicare or Medicare Advantage doesn’t, you might want to look for Medigap or another type of insurance,” David Duel says.
For More info on David Duel, see https://angel.co/u/david-duel-1 and read this recent press release: USC Alumni David Duel Endows Scholarship Program to Brings Jewish Alums and Students Together