Latest News
Medicare Advantage vs. “original Medicare” and “Medigap” - NY Times
Managing healthcare costs in retirement can be a daunting task. And no less daunting is how to chose between “original Medicare” provided by the federal government and “Medicare Advantage” provided by private insurers. There are obvious advantages and disadvantages to both: Original Medicare usually requires a supplemental “Medigap” plan, at additional cost, to provide adequate healthcare coverage. On the other hand, Medicare Advantage may provide more services for less, but requires beneficiaries to use in-network providers and may require pre-approval of certain healthcare services. All of this is explained in this excellent NY Times article by Mark Miller. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.