The Benefits of Medicare Advantage Plans
Right now it’s a good deal:
As of 2010, Avalere calculated, the average MA beneficiary received $73 in extra benefits and reduced cost-sharing per month over enrollees in traditional fee-for-service Medicare. The savings varied from $0 in Alaska to more than $100 in Texas, Louisiana and Florida.
But it’s about to come to an end:
Seven states in particular currently offer between $0 and $25 in extra value, putting them at extra risk of not being able to offer any added value after the [ObamaCare] cuts go into effect — they are Alaska, Montana, Wyoming, South Dakota, Minnesota, New Hampshire and Delaware.
Entire report by Julian Pecquet in The Hill worth reading.
Good to know.
So there’s an advantage to Medicare Advantage plans? Maybe that’s why they’re called Medicare Advantage plans.
Interesting
This is interesting as anyone who contacts me about their MA plan wants to disenroll back to a traditional plan.