(Mark Gibbons, President/CEO of RetireSafe) - With the start of Medicare’s open enrollment period, it’s important that older Americans explore their healthcare options to make the best choice …
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, below, or purchase a new subscription.
Please log in to continue |
(Mark Gibbons, President/CEO of RetireSafe) - With the start of Medicare’s open enrollment period, it’s important that older Americans explore their healthcare options to make the best choice for their unique needs.
Seniors eligible for Medicare benefits have the choice of enrolling in traditional Medicare (also known as fee-for-service) or selecting a plan from Medicare Advantage (MA), which provides coverage through private health plans approved by Medicare. In recent years MA plans—or Medicare Part C—have become increasingly preferred among beneficiaries.
“We’ve seen Medicare Advantage become a popular alternative to traditional Medicare among older Americans over the last several years. The flexibility and cost savings associated with MA make these plans an attractive choice,” notes Mark Gibbons, President and CEO of RetireSafe, a non-profit dedicated to educating and advocating on behalf of older Americans.
Compared to traditional Medicare, Medicare Advantage plans are typically associated with:
Due to the cost, coverage, care, and accessibility benefits associated with Medicare Advantage, beneficiaries enrolled in MA plans report better health outcomes, on average, across a range of metrics. Those enrolled in MA are more likely to have a usual source of care and to report receiving routine healthcare screenings and preventive services,
Seniors should take the time to review their current coverage and consider whether Medicare Advantage might be right for their unique needs.